The Commonwealth Mint will become part of the Heimerle + Meule Group, which represents the Precious Metals Processing division of the Germany-based Possehl Group.
“We are delighted to welcome The Commonwealth Mint to the Heimerle + Meule Group. The investment is for us a perfect fit and allows us to further expand our value chain within the processing of precious metal. The transaction provides our customers a full set of products and services, from recycling of scrap material through to finished coins and medals. We are looking forward to the exciting growth opportunities The Commonwealth Mint brings to our organisation”, said Thomas Frey, CEO of the Heimerle + Meule Group.
The Commonwealth Mint, the UK’s largest private mint, specialises in the minting of precious metal and base metal commemorative coins for collectors, together with the production of currency coins. It’s headquarters are based in Bristol and it operates from an advanced minting facility based in Birmingham’s historic Jewellery-Quarter. The business services customers across Europe, North America, Asia and Australia.
James Hughes and Jonathan Deane continue as joint managing directors, and the senior management team will also remain in place.
“We are proud of what Commonwealth Mint’s team have achieved since our foundation in 2005. Joining Heimerle + Meule Group will strengthen our position as a leading international mint and it gives us access to a wide range of resources, expertise and investment that will benefit our business and customers. It was also essential that any future partner is the correct fit and has an ethical business approach which the Possehl group certainly does” said James Hughes.
Jonathan Deane added: “We are truly excited about the scope that the investment and partnership with Heimerle + Meule will afford us; from the growth opportunities in the precious metal coin sector to the research and development to further improve our products and service, which will help us to maintain our position as market leaders.”
With its investment in Commonwealth Mint Heimerle + Meule Group will strengthen its already strong foothold in the British precious metal market.
Isca Ventures acted as the lead corporate finance adviser to Commonwealth Mint, with legal advice provided by White Jackman. Possehl Group were advised by Shoosmiths (Legal), Accuracy (Financial DD) and BDO (Tax DD).
“Isca Ventures were instrumental in the delivery of this transaction. They have been on board for a couple of years, ensured our business was fully prepared and helped realise value at every stage of the sale process. We would have no hesitation recommending their partner team to others contemplating such a transaction and we look forward to continuing to work with their team going forward” added James Hughes.