SamCorp advised on the Vendor Initiated MBO of an £8m turnover pigment manufacturer and exporter based in North Wales.
The Company manufactures and supplies pigments for cement, ceramic, and asphalt, to be used in a wide spectrum of building and construction applications. The Company is the market leader in the UK and also exports to all corners of the globe. SamCorp acted for the vendor who deferred part of the consideration and retained a minority stake in Newco.
Whilst the management team took their own independent legal advice, SamCorp also introduced a selection of funders to the management team.
The vendor said:
“I was most impressed with the diligence and insight of SamCorp in helping guide me through this transaction. They form a very good team and the completion of the deal reflected their experience and single-mindedness. Well done and many thanks.”
The management team said:
“We found the team at SamCorp to be an excellent sounding board as this experience was completely new to us. As well as introducing us to funders, they were able to provide assistance with all aspects of financial modelling. From our experience, there is a lot more to buying a company than you might think and it was good to have SamCorp on board to assist in the process.”