Since advising a management team of three to buy the business a number of years ago, SamCorp thereafter advised the company on buying-in the shares of the private equity backer and one of the MBO team. The client company is a £10 million turnover, UK representative/agent for European manufacturers of equipment used by food manufacturers and the baking sector in particular.
After having traded profitably and cash positively for five years post MBO, SamCorp advised the company on the buy-in of the private equity investor’s minority shareholding. SamCorp led negotiations with the investor and negotiated a new debt-funding package with the company’s bankers. Following the departure of the investor, Peter Samuels assumed the role of Chairman of the Board.
Two years later discussions started for one team member to leave and SamCorp led negotiations for the company to buy-in the minority shareholding. SamCorp worked closely with the company’s legal advisers in agreeing and completing the share purchase.
Peter has since continued as Chairman, acting in an ongoing strategic advisory role.
Keith Stalker, MD says:
“Peter and SamCorp have played a key role in the progression of EPP from the time when we initially met to discuss our MBO opportunity. Peter negotiated with the founder owners of EPP, worked with the team on our business plan and introduced and negotiated with the equity and debt funders. He five years later advised in buying-in the shares of the equity backer and, thereafter, assumed the role of Chairman, a position he still holds today. Peter fully understands our business and is involved in all strategic decisions. Without doubt, Peter and SamCorp have been an essential part of our success.”