BSN Associates, a member of The Corporate Finance Network and based in the West Midlands, has assisted Santander with financial due diligence on their financial backing of Swann Systems. 

Swann Systems is behind CAPITAL Seating, which was established in 1968 and specialises in the supply of suspension seats and accessories to improve driver safety and comfort, as well as vehicle trimming services under the AUTO-TRIM Systems brand.

The company is an official distributor for major seat brands including Grammar, KAB and Recaro, and supplies a range of sectors, catering to trade and retail customers across the UK and Europe.

BSN mandated by Santander to provide extensive financial due diligence on Swann Systems. The BSN corporate finance team including Pippa Miller-Hawkes and Phil Todd led the project.

The sale to a new holding company will see the existing, long-serving management team led by Joe Beales, Darren Tuckley and Melinda Tyack assume control of the business, as part of the next stage in the company’s long-term succession planning. The buyout will also provide finance for further growth of the company into the future.

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