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Oliver

Watersheds advise on GRM sale

Corporate finance advisers

Watersheds have helped to negotiate the successful sale of Warwickshire-based design engineering consultancy and software business GRM Consulting to Solid Solutions, part of the US private equityowned TriMech group.

GRM Consulting provides design optimisation services and software solutions to customers including several F1 racing teams, many of the top car manufacturers and medical equipment specialists.

Tim Harrington, a partner at Watersheds, said: We realised GRM would be attractive to overseas buyers and planned our work accordingly. We approached a range of credible international buyers which sparked a considerable amount of interest which provided us, as advisors, with the leverage to get the best price.”

Martin Gambling from GRM Consulting said: “When we started thinking about selling, we realised we would need strong professional support for the entire process, which is precisely what we got from Watersheds.

“We are delighted Watersheds found us a buyer that shares our commitment to innovation, wants to build on our success and values the role of our loyal and talented staff in that process.”