Tue, 24 Jun 2014 | MBO/MBI
A Cambridgeshire printing firm has changed following a management buyout.
Macro Art is a specialist wide-format digital printing business, which has created building wraps for Selfridges' and Harrods' London stores. It has been announced that YFM Equity Partners, which has offices in Leeds and Sheffield, has committed £2.1m towards the MBO.
John Walker, a pioneer of wide-format printing, founded the company in 1992 with his wife Gretchen. Following Mr Walker’s death, his wife decided to sell the firm to the management team.
Backed by YFM, the MBO is being led by managing director James Jennings, commercial director Michael Green and sales director Matt Guise. There is also a group of new investors and non-executive management including: David Sadler as chairman, formerly chief executive and major shareholder of Aardvark Group now part of the Penman Group; Nigel Luckett, currently a non-executive director at YFM portfolio company Pressure Technologies; and Chris Gregory, founder of corporate finance advisers Orbis Partners.
Martin Jinks at Roythornes in Peterborough was the legal adviser for the vendor while Andrew Stilton of Keystone Law in the Midlands provided legal advice for the management team.
Mary Broadhead, investment director at YFM Equity Partners, who led the deal, commented: "We are delighted to support James and the team as they prepare to capitalise on the increased marketing spend of companies and organisations throughout the UK and Europe and invest in the latest high-tech printing equipment to support their growth plans."
______________________________________________________________________
Related information:
Businesses for sale
Business acquisition funding
An esteemed electronics company specialising in the design development and supply of photonic and optoelectronic components sub-assemblies and finished products for a diverse international customer base. With in-house R&D labs production and assembly...
Global strategic design and innovation consultancy, providing clients with award-winning 360° solutions and insights to achieve competitive advantage in their markets, with services including brand identity and packaging design. Operating from its gl...
A highly regarded drylining specialist deeply ingrained within the construction sector primarily working on new-build development projects. With a turnkey offering and trustworthy services the company has established a long-standing client base with...
09
|
Dec
|
Human risk management firm Boxphish buys threat group Trillion | BUSINESS SALE
Leeds-based human risk management platform Boxphish has boug...
09
|
Dec
|
SHS Drinks toasts acquisition of Shandy Shack | BUSINESS SALE
Drinks brand Shandy Shack, whose tipples include Raspberry L...
09
|
Dec
|
Aim-listed Brave Bison celebrates purchase of sports marketer Engage Digital | BUSINESS SALE
Global sports marketing company Engage Digital has been boug...
05
|
Mar
|
New private equity owner for fire protection specialist | BUSINESS SALE
Checkmate Fire, a fire protection specialist headquartered i...
21
|
Mar
|
Management sign deal for fire protection business | MBO/MBI
The management team at a fire protection device firm has put...
23
|
Dec
|
Wakefield Acoustics subject of £4 million MBO | MBO/MBI
A management team at Wakefield Acoustics has completed a &po...
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.