McBrides, a member of The Corporate Finance Network based in Kent and South East London, has advised the shareholders of a Market Research business on a sale via a Management Buy-Out (MBO).
McBrides Corporate Finance Partner, Nigel Kimber, was approached by his client as they sought advice for disposing of shares within their business. The market research business included a management team who were keen to stay with the business and for that reason, an MBO was the preferred option.
Nigel and the McBrides Corporate Finance team advised the sellers throughout the process including the deal structure between the exiting and incoming shareholders to ensure a smooth transition. They also liaised with solicitors throughout the transaction.
The outcome was a successful completion with the sellers remaining with the business to ensure a smooth handover. The seller retained a 30% shareholding in the newly formed group and will remain in the business on a rolling contract to ensure a smooth, longer-term handover period for the new majority owners,
