Guiding a Successful Management Buyout and Future Growth

"From my first introduction to Tony and Sam, I knew I had the right team. Their expert advice and clear guidance made the process seamless. I would definitely recommend Jacksons and will be using them for all future legal services."

Background

Simon Paxton, a long-standing manager of a UK-based speciality coating business, was presented with the opportunity to acquire his division through a management buyout (MBO). The business was part of a larger company traded on the US stock market, making the transaction a complex and high-stakes process. Simon needed expert legal guidance to navigate the buyout and ensure a smooth transition.

Approach

We were engaged to facilitate the buyout through an asset purchase, overseeing the transfer of goodwill, contracts, plant and equipment, stock, ongoing supply agreements, cross-contracting, and property occupation arrangements. Our Corporate and Commercial team led negotiations with the seller’s UK and US legal representatives, ensuring every aspect of the deal was properly structured.

Outcome

The transaction was successfully completed within the required timeframe, allowing Simon to take full ownership of the division. With a seamless transition in place, the business has continued to grow and thrive under his leadership.

Testimonial

“From my first introduction to Tony and Sam, I knew I had the right team. Their expert advice and clear guidance made the process seamless. I would definitely recommend Jacksons and will be using them for all future legal services.”