Spectra Systems Corporation acquires Cartor Holdings Ltd


22nd December 2023

haysmacintyre acted as transaction support advisors to Spectra Systems Corporation (Spectra) on their acquisition of Cartor Holdings Ltd (Cartor).

We provided transaction support to Spectra, a leader in machine-readable high speed banknote authentication, brand protection technologies and gaming security software, during their acquisition of Cartor, a leader in the security printing industry. This involved providing financial and tax due diligence, buy-side support, and SPA advice.

Jon Dawson, Partner & Head of Creative, Media and Technology commented:

“We are absolutely delighted to have supported the Spectra team on their strategic acquisition of Cartor, enhancing the Group’s presence in the UK and consolidating the supply of a key product within the newly enlarged Group. We look forward to seeing the acquisition deliver enhanced product development capabilities and open new sales opportunities.”

Edward Spies, Chief Financial Officer at Spectra Systems Corporation commented:

“The team was invaluable in providing guidance and support that led to a successful outcome for both the buyer and seller. The haysmacintyre team were extremely professional and thorough in their work. The transaction was a bit unusual as the sellers were to carve out the manufacturing building to hold in a new entity which would be the go forward landlord. The team were able to thoroughly understand and communicate the process and any risks which helped us make a more informed decision. We were impressed with their attention to detail and their ability to communicate complex financial information in a way that was easy to understand.”

Jon Dawson

Partner, Head of Creative, Media & Technology
+44 20 7396 4374
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