MBO of S:Craft backed by Beechbrook Capital
BDO M&A with transaction support from 2525 Limited have advised the shareholders and the management team on the MBO of Shuttercraft Limited (S:Craft) backed by Beechbrook Capital
S:Craft is the UK’s leading distributor of own brand shutters. Based from Winchester, the Business has been a standard setter in its industry for over 15 years.
The Business offers the highest quality product at multiple price points and distributes through a diverse network of retailers and 22 franchisees across the UK. The combined approach of quality product alongside industry standard setting customer care has led the Company from strength to strength since its inception.
The management team has been key in the continued growth of S:Craft to date. Their expertise along with the capabilities and investment made by Beechbrook Capital will create a platform to solidify the Company’s continued position as the market leader.
Excited about the Company’s future prospects the founding shareholders will also maintain a minority stake in S:Craft.
BDO provided a full range of services from the outset of the transaction covering M&A lead advisory, vendor due diligence and taxation. 2525 Limited provided pre-sale preparation support to the shareholders as well as ongoing transaction consultancy.
References
The shareholders first thought of selling their business over 2 years ago. At the beginning we knew we needed expertise to prepare for sale and Adam was introduced to us by our auditor as someone who could help. Over the 2 year period since, Adam has been instrumental in our planning and has stayed with us throughout the entire journey until the completion of the transaction. Adam initially reviewed the business and built an action plan for areas requiring attention and more latterly has managed the co-ordination between management, the shareholders, the financial advisors and the lawyers. This co-ordination in particular has been an enormous help and allowed the management to focus principally on the running of the business. Adam’s contribution towards the success of the transaction cannot be overstated – it is difficult to imagine how we would have got everything done without him - and I would recommend Adam to anyone thinking of / embarking on selling their business.
S:Craft CEO
Especially for entrepreneurs with little or no knowledge about the beguiling world of corporate finance, selling equity in a business can be a mine-field. The need for impartial advice starts even before making the decisions about when and how to sell. For us, this was when we were first introduced to Adam who was able very quickly to pose the right questions and offer advice as to how to approach the answers. In my view there are not many people who can genuinely steer process without undue influence over the decisions. Adam is one such. His knowledge about ‘how things work’ and his explanations about the financial complexities became essential to a satisfactory outcome. His easy manner and thorough approach to action required were self-evident. Discretion is one of his strong points. I strongly recommend Adam for this advisory role in whatever guise.
S:Craft Shareholder
BDO acted as M&A advisor on the MBO of a business introduced to us by Adam. By the time of our appointment Adam had already been assisting the business for around 2 years in its preparations for sale and it was transaction ready. Adam then acted as the co-ordinator between the selling shareholders and the management team with the professional advisors. This proved to be an invaluable role on a complicated transaction and Adam’s involvement was key to the success of the deal. Owners of businesses benefit enormously from having someone like Adam in helping them to prepare and then navigate through a sale process, and we wouldn’t hesitate to recommend him to others embarking on their exit plans.
BDO LLP
Adam provided fantastic support on an MBO we closed in December 2018. Adam started by providing guidance to the selling shareholders and the management team on getting the business ready for a sale, prior to the sale process starting – this meant that when we got involved, the vast majority of the preparatory work had already been done and this made our job much easier. Adam’s role then developed in to acting as the co-ordinator between the selling shareholders, the management team, the CF advisers and us. This proved to be an important role on a complicated transaction and Adam’s involvement was key to getting the deal over the line. We would certainly recommend Adam for a role where a business is looking to go through a sale process - Adam has lots of experience of navigating through tricky issues and has a proven track record of delivering results.
Shoosmiths
The shareholders first thought of selling their business over 2 years ago. At the beginning we knew we needed expertise to prepare for sale and Adam was introduced to us by our auditor as someone who could help. Over the 2 year period since, Adam has been instrumental in our planning and has stayed with us throughout the entire journey until the completion of the transaction. Adam initially reviewed the business and built an action plan for areas requiring attention and more latterly has managed the co-ordination between management, the shareholders, the financial advisors and the lawyers. This co-ordination in particular has been an enormous help and allowed the management to focus principally on the running of the business. Adam’s contribution towards the success of the transaction cannot be overstated – it is difficult to imagine how we would have got everything done without him - and I would recommend Adam to anyone thinking of / embarking on selling their business.
S:Craft CEO
Especially for entrepreneurs with little or no knowledge about the beguiling world of corporate finance, selling equity in a business can be a mine-field. The need for impartial advice starts even before making the decisions about when and how to sell. For us, this was when we were first introduced to Adam who was able very quickly to pose the right questions and offer advice as to how to approach the answers. In my view there are not many people who can genuinely steer process without undue influence over the decisions. Adam is one such. His knowledge about ‘how things work’ and his explanations about the financial complexities became essential to a satisfactory outcome. His easy manner and thorough approach to action required were self-evident. Discretion is one of his strong points. I strongly recommend Adam for this advisory role in whatever guise.
S:Craft Shareholder
BDO acted as M&A advisor on the MBO of a business introduced to us by Adam. By the time of our appointment Adam had already been assisting the business for around 2 years in its preparations for sale and it was transaction ready. Adam then acted as the co-ordinator between the selling shareholders and the management team with the professional advisors. This proved to be an invaluable role on a complicated transaction and Adam’s involvement was key to the success of the deal. Owners of businesses benefit enormously from having someone like Adam in helping them to prepare and then navigate through a sale process, and we wouldn’t hesitate to recommend him to others embarking on their exit plans.
BDO LLP
Adam provided fantastic support on an MBO we closed in December 2018. Adam started by providing guidance to the selling shareholders and the management team on getting the business ready for a sale, prior to the sale process starting – this meant that when we got involved, the vast majority of the preparatory work had already been done and this made our job much easier. Adam’s role then developed in to acting as the co-ordinator between the selling shareholders, the management team, the CF advisers and us. This proved to be an important role on a complicated transaction and Adam’s involvement was key to getting the deal over the line. We would certainly recommend Adam for a role where a business is looking to go through a sale process - Adam has lots of experience of navigating through tricky issues and has a proven track record of delivering results.
Shoosmiths