Mon, 30 Jan 2012 | MBO/MBI
Midlands-based environmental compliance firm is likely to undergo a management buyout, after ninety one per cent of its members voted in favour of the action.
The company, which operates from headquarters in Stratford-upon-Avon, saw the majority of its 4,000 members vote in favour of the action at an extraordinary general meeting held on Thursday.
The buyout would see its management team – led by its chairman and former environment secretary, John Gummer, now Lord Debden – take control of 70 per cent of the whole company. The other 30 per cent will be owned by German compliance scheme owner Greenpoint, according to a report in the Yorkshire Post newspaper.
Valpak had seen a number of other companies express interest and make bids for it last year, including Peter Hunt, managing director of Leeds-based Wastecare. Valpak’s senior independent director, Gerryl Orbell, stated that he believed that the management buyout was the best route for the company.
“I am confident that the joint management and Greenpoint bid offered the best option for members, employees and the future of the company,” he said.
The company’s members will receive as much as £610 each from the deal, totalling around £2.5 million. Valpak will change its status from a mutual transition to a limited liability company.
This well-established company offers an excellent opportunity to acquire a reputable brand in the mobility sector, with a comprehensive product range and strong relationships with NHS Trusts.
LEASEHOLD
This is a specialist roofline merchant with a national presence and strong customer relationships, offering products across various sales platforms. With a solid foothold in London and the home counties and a seasoned managing director committed to s...
This innovative print solutions provider is seeking new ownership to drive further growth, with a strong emphasis on recurring business and an impressive e-commerce platform. With an experienced team, state-of-the-art equipment, and a robust client b...
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.