'Optimistic outlook' after MBI at Essex security company

Mon, 04 Dec 2017 | MBO/MBI

A security company based in Essex whose clients include big names like ASDA, House of Fraser and Morrisons has changed hands in a management buy-in.

Cardinal Security has supplied security officers and store detectives since 2003 and also provides keyholding services to the retail and logistics industry.

The new owners are said to have an "optimistic outlook" for the business, after the transaction was completed in under two months.

One of the buyers, Simon Chapman, said: "During the last three months, Inveniam has supported our MBI of Cardinal Security and has expedited the conclusion of the deal in a professional and seamless manner. It has provided timely and experienced advice supporting the implementation throughout and helping to provide a strong financial platform for us to grow the business and develop new opportunities."

The corporate finance director at the Inveniam, added: "The security sector in the UK is challenging but with the experience and capabilities of the incoming team, we are absolutely confident in their ability to take the business forward."

Management buy-ins have become increasingly popular in recent years due to the fact that they allow managers to both invest in a business and takeover its running at the same time. MBIs open up opportunities for advancement and can unlock a company's potential, should all go well.


Share this article



Latest Businesses for Sale

Day Nursery
Merseyside, UK Wide

This is an exciting opportunity to acquire a well established and highly regarded children’s day nursery which is situated in a bustling town in Merseyside. Impressive purpose built detached children’s day nursery, registered for 100 children. Conven...

Asking Price: £399,950
Turnover: £369,249

LEASEHOLD


Day Nursery
Derbyshire, UK Wide

Impressive purpose built day nursery (Registered for 48 children). Operated under management. Convenient & accessible setting, excellent reputation, genuine growth potential. The nursery occupies a convenient and accessible position in a well populat...

Asking Price: £200,000
Turnover: £306,732

LEASEHOLD


Childrens Day Nursery
Worcestershire, UK Wide

Well established and impressive children’s indoor activity centre and party rooms. Prominent and accessible trading position, excellent reputation. Superbly presented throughout, 200 covers, car parking. The main open plan play area is presented to a...

Asking Price: £399,995
Turnover: £342,103

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
18
 
Nov
 

Kitwave acquires Alpine Fine Foods | BUSINESS SALE

Independent wholesaler Kitwave has acquired Alpine Fine Food...

 
15
 
Nov
 

Carpetright agrees to shareholder takeover deal | BUSINESS SALE

Carpetright has agreed a deal to be taken over by its larges...

 
14
 
Nov
 

Scale manufacturer taken over in MBO | MBO/MBI

Weighing scale manufacturer Marsden Weighing Group has been ...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
18
 
Nov
 

Kitwave acquires Alpine Fine Foods | BUSINESS SALE

Independent wholesaler Kitwave has acquired Alpine Fine Food...

 
15
 
Nov
 

Carpetright agrees to shareholder takeover deal | BUSINESS SALE

Carpetright has agreed a deal to be taken over by its larges...

 
14
 
Nov
 

Scale manufacturer taken over in MBO | MBO/MBI

Weighing scale manufacturer Marsden Weighing Group has been ...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources