Management Buy Out
We received an introduction from an accountant. One of their prospects had mentioned that their existing corporate finance advisors were being very slow at progressing their funding request to enable them to undertake a proposed Management Buy Out transaction.
- We phoned the Managing Director that afternoon and arranged to meet the following day
- At the initial meeting we discussed their issues and how we could help and were immediately instructed, but time was of the essence
- A Bank were introduced, who came up with a high level of funding within an innovative structure at a competitive cost and with a modest cash contribution from the management team
- In addition to this, we also introduced a legal firm who were appointed by the business
- The client transferred the full banking to the new bank and the transaction was completed within the client’s requested timescales
- The business was an existing Lampier client and since the transaction, both Jelf Financial Planning and Jelf Wellbeing have been instructed.
- Also, largely due to the above, the accountant subsequently won the business as a client
What did the client say?
“I would simply like to express my thanks for your help during the whole process.
As you know, we were floundering a little back before we first met you, and the meeting we had with you was probably the most important point of the process. I believe that from that time on you acted as a central point introducing and co-ordinating all the various parties involved; myself as a seller, the buyers, the legal due diligence solicitors for both sides, the financial due diligence accountants, the bank, the financial assistance accountants…. etc etc!
I think that without your help and support this deal would not have succeeded. Many thanks again.”
If you are considering a management buyout why not see how we can help you by calling us on
0800 652 9266 or emailing