SamCorp advised on the MBO of the UK’s leader in vehicle washing technology from the £6bn turnover automotive giant Inchcape plc.

SamCorp had previously been in discussion with the management team in attempting an MBO of Wilcomatic from European Motor Holdings, who subsequently sold out to Inchcape.

Under the new ownership an MBO became possible as Wilcomatic was viewed as non-core. SamCorp introduced funders and worked with the MD/FD management team in presenting their case, with Lloyds TSB Commercial Finance ultimately agreeing an asset based package, including a substantial cash-flow loan.