Fri, 19 Jul 2019 | BUSINESS SALE
An outdoor water activity centre has been successfully sold to its incumbent management team, with the deal advised by DTE Corporate Finance for an undisclosed sum.
DTE Corporate Finance, based in Bury, advised Prospects Services Limited (which is a subsidiary of the Shaw Trust Charity) on the sale of its South Cerney Outdoor in Gloucestershire to its management team led by Matt Pritchard.
The centre was originally acquired by Prospects Services Limited from Gloucestershire County Council in 2012.
It boasts one of the oldest and deepest lakes in the Cotswold Water Park and provides a range of water-based activities for groups and individuals, for educational institutions and corporate organisations alike.
The buyout was a part of the management team’s broader mission to further enhance their vision of delivering activities, education and training for young people and the wider community in partnership with the county council.
Chief executive of Shaw Trust, Chris Luck, said: “South Cerney outdoor is an excellent facility with superb commercial opportunities for growth.
“The trustees and I are pleased Matt Pritchard and his team will be developing these further and that this buyout secures the jobs of the talented staff and future of the centre.”
Adding to this, corporate finance director at DTE, Andy Humphrey commented: “It has been a pleasure to again work with a business within Shaw Trust, helping to align their purpose and values to their business activities.
“In particular, this transaction was worth investing in, given the aspirations of Matt and his team.”
Legal advice was provided by Caroline Litchfield, a corporate partner at Brabners.
For more news about management buyouts (MBO), click here. For all our business listings, click here.
This is a very rare opportunity to acquire a very profitable and long-established gardening business operating in and around Herefordshire and the West Midlands (primarily in Gloucestershire, Worcestershire and Shropshire). Offers invited.
RELOCATABLE
Fantastic opportunity to secure a Franchising Event business, ready for a second half of 2020 relaunch. Ready for an extremely successful 2021, with many dates already pre-booked, new franchising opportunities & established licence agreement ready fo...
The business currently operates all year round. The business is run & managed by the current owners with a selection of part time staff in the restaurant & public bar. The business has built up an enviable reputation not just locally but within the i...
LEASEHOLD
|
11
|
|
Aug
|
PPL Corp. seeks sale of Western Power Distribution | BUSINESS SALE
PPL Corporation has announced that it has put its UK utility...
|
10
|
|
Aug
|
Adelie Foods’ Urban Eat brand acquired by Samworth Brothers | BUSINESS SALE
Samworth Brothers has completed the £6.4 million acqui...
|
07
|
|
Aug
|
Wrexham-based wire firm falls into administration | ADMINISTRATION
Wire manufacturer Wrexham Wire has fallen into administratio...
Sign up to receive our acquisition alert emails to get your FREE guide
|
22
|
|
Nov
|
inTec Business Solutions acquires Titan Network Services | BUSINESS SALE
Manchester-based IT services company Titan Network Services ...
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