MBOs and MBIs

The opportunity for a management buy-out offers a management team a one off opportunity to take ownership and control of the business that they are managing.

We have extensive experience of advising management teams on how to navigate through the complexities of an MBO, from the early stages of negotiation with the current shareholder(s), through to securing finance and completing a successful deal.

We are sympathetic to the commercial pressures facing management teams in an MBO scenario, and work with them to ensure stresses are minimised and they are set up to compete with any rival trade bids. We are flexible on fees and are used to taking a risk on a successful completion.

MBOs can also offer a great opportunity for owners of businesses to exit by supporting and promoting an MBO. We have the expertise to work with owners in such circumstances and to structure transactions that are both tax efficient and make commercial sense.

For those management teams who are looking wider afield, we have significant experience of working on MBI opportunities. On such deals we deploy our due diligence expertise to ensure that the target has a clean bill of health and that the deal is set up for potential funders.

We have set out below a few of the MBOs and MBIs that we have advised on:

	We advised the management team on a £90m+ secondary management buyout of the AlexanderMann Group backed by Graphite Capital. We took a lead role both on the negotiation side and on the legal due diligence side, giving all required reports to funders to enable the transaction to complete in a condensed timeframe.
	We advised the management team on the secondary buy-out of the James Hull Group dental business in a £95 million + deal.
	We advised the selling shareholders and management team in connection with an MBO and investment by specialist private equity company RJD Partners.
	We advised the selling shareholders on an MBO of Moorhouse Corporate Limited, a south Wales based company specialising in the provision of insurance services.
	We advised the management team of the National Britannia Group on an £35m+ MBO funded by Lyceum Capital.
	We advised a management team on an MBI in relation to Omniport Holdings Limited a regional airports company. Subsequent to the MBI we have advised Omniport on several rounds of institutional finance.
	We advised on the original MBI of Peters Food Services Limited the sellers in the sale of Peter’s Food Service Limited to its management and NBGI Private Equity in a £20 million buy-out.
	We advised the management of RPA Quantity Surveyors on an MBO of the RPA business from Hyder Consulting plc.