We were delighted with the advice that we received from Momentum throughout the process. The partners’ personal involvement and clear guidance was invaluable in achieving an excellent result for the shareholders. They felt very much part of our own internal team throughout and we would have no hesitation in recommending them to owners considering the sale of their business.
Justin Barnes, Managing Director
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Momentum Corporate Finance announces the successful completion of its most recent transaction, advising the shareholders of First Water Limited (“First Water”) on its sale to Scapa Group plc (“Scapa”) for a total consideration of up to £15.3m.

Founded in 1995, First Water is a leading designer-manufacturer of advanced wound dressings and skin adhesives. Its patented adhesive polymers and dressing designs allow it to offer its OEM partners - typically multinational wound care and consumer wellness companies - unique and compelling products for a wide range of clinical and commercial applications. The business had an underlying EBITDA for the 12 months to 31 January 2015 of £0.9m on sales of £5.4m.

First Water’s highly experienced management team will remain within the enlarged Scapa group and will strengthen Scapa's Healthcare management expertise and further facilitate the groups’ growth in this sector.

The acquisition will be funded from Scapa's existing cash reserves and bank facilities.