The brother of former Take That singer Jason Orange has agreed to sell his Altrincham-based investment business in a deal that values it at $1.6bn.
CorpAcq was founded by Simon Orange, the co-owner of Sales Sharks, in 2006 and owns 41 businesses including Cotton Traders, Aintree Plastics and Metcalfe Plant Hire.
The company is being snapped up by Churchill VII, a special purpose investment vehicle set up as a trust account by New York corporate financier Michael Klein, and will list on the New York Stock Exchange. Try MEN Premium for FREE by clicking here for no ads, fun puzzles and brilliant new features. The deal will also see CorpAcq receive $592m in additional funding while Mr Orange will continue to lead the business alongside chief executive David Martin.
According to its most recently-published accounts, CorpAcq achieved a turnover of £561.4m and pre-tax profit of £27.6m in 2021.
Read more on manchestereveningnews.co.uk
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