Wed, 29 Jan 2020 | MBO/MBI
The senior management team at finance provider Signature Private Finance has completed a £16.8 million management buyout (MBO) of the business.
The buyout team was led by chief executive Tony Gilbertson, with finance director David Hughes and sales director Jon Preston. The MBO followed the securing of new funding from Foresight Group LLP.
Signature Private Finance was founded in 2012 and operates across the UK, with 12 staff working in offices in Birmingham, Cardiff, Edinburgh and London. The company recently achieved its lending target of £100 million.
Tony Gilbertson said: "This new investment will accelerate our growth strategy, helping our development of new products that more broadly support the needs of our clients and targeting new locations in order to better serve our growing national customer base.
"The significant increase in deals we have delivered in the preceding months gave us confidence to take this step at a time when the market is beginning to surge now the election is over and the uncertainty about Brexit has faded."
Gilbertson also hinted at further locations opening in future, saying the company would “continue to expand our ‘boots on the ground’ policy and open new offices to ensure every property hotspot is within easy reach of a professional lending team that understands the local market, ready to respond quickly to enquiries and shorten the lending process.”
Foresight Group partner James Livingston said: "Signature is well-positioned to accelerate its strong growth with the additional support and capital that Foresight will bring.
"Tony and his management team have developed a successful alternative lender with a good corporate culture and we look forward to working with them to take Signature through the next stage of its growth."
The company specialises in the provision of expert witness services to the construction, civils and process industries in connection with all forms of dispute resolution procedures, including litigation, arbitration, adjudication, conciliation and me...
Well established firm of solicitors specialising in property law and private client matters. Trading for nearly 20 years the business provides a professional and highly personal service offering serving clients across a plethora of recognised legal d...
The company is a an independent B2B consultancy and effectively a franchisor, specialising in providing expert advice and a free tendering service. This enables their clients to choose the most appropriate and cost-effective equipment supplier and se...
02
|
May
|
Legal services group completes eighth acquisition | BUSINESS SALE
Acquisitive legal services group Lawfront has completed a de...
02
|
May
|
Vehicle recovery firm rescued with pre-pack sale | BUSINESS SALE
A vehicle recovery and maintenance business has been acquire...
01
|
May
|
Testing technology firm acquired at 3.5x revenue | BUSINESS SALE
MK Test Systems Limited, a Somerset company that designs and...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.