Joint Managing Director of R&R, Karl Davies commented:
“Derek and I are absolutely thrilled to get this over the line and couldn’t have picked a better support group of Mazars and SME Capital. Their attention to detail has been exemplary and the team are so easy to work with, which has made the transaction so much smoother. We look forward to continuing this thriving relationship and this will no doubt help us as a company grow and flourish in the coming years. We thank everyone at SME Capital for their support and in particular James and Chris for their absolute professionalism and commitment to getting the deal completed as requested. “
SME Capital Regional Directors, James Lowe and Chris Collings, added:
“We are delighted to have supported Karl and Derek with their MBO. This is a long-standing, high quality business with a loyal customer base underpinning the quality of its service proposition. We’ve spent a good deal of time with the team and are thrilled to be backing the next stage of their growth journey. Many thanks to the Mazars Debt Advisory team for working with SME Capital on this transaction. It was a pleasure to work with Josh and the team who ran a fantastic process which helped the transaction complete smoothly on a tight timeframe”
The Mazars team consisted of Mark Day (Head of M&A, Midlands), Arran Smedley and Luke Middleton (M&A) along with Josh Thorneycroft (Director, Debt Advisory), who commented:
“We are delighted to have worked with such as well-established regional business with an excellent reputation in its sector. Cheryl and Steve have built a sustainable, high performing business, and we look forward to seeing its continued growth under Karl and Derek’s stewardship, who were already long-standing employees of the Company. It was a pleasure to work with SME Capital who demonstrated a great degree of flexibility throughout the process and impressed with their speed of execution.”
Clarion Solicitors assisted SME Capital with the deal legal documentation with Harrison Clark Rickerbys acting on behalf of the Borrower.
If you would like to understand MBO financing in more detail, or find out more about our wider funding options, please do get in touch.
About SME Capital
SME Capital was founded to support the growing number of SMEs who face difficulty or frustration in accessing capital through traditional methods. We understand the importance of real and trusted relationships in the SME lending market and have dedicated Regional Directors based across the UK. By combining traditional lending expertise with the latest in data analytics, we are supporting established UK SMEs with their long-term objectives and business ambitions.
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