M3 Newsletter - Autumn 2007
- Silicone firm enhanced thanks to M3 assisted BIMBO
- M3 keeps the heat on to complete multi-million pound MBI
Silicone firm enhanced thanks to M3 assisted BIMBO
Warwickshire based distributor Techsil Ltd has sealed a bright future for itself in a multi-million pound, buy-in management buy-out (BIMBO), assisted by M3 Corporate Finance.
The specialist distributor employees 17 staff at its warehouse and offices in Bidford, distributing products and high performance liquid polymers, typically used for bonding, sealing or coating applications, to a wide range of markets across Europe.Lead advisers M3 provided all the necessary corporate finance services including negotiation, advice on deal structure, sourcing suitable finance and ensuring the transaction completed smoothly.
The new Managing Director, Paul Hughes said "M3 were always on top of the process and when the inevitable issues arose, they were there with a proactive approach to their resolution. I wouldn’t hesitate to recommend and use them again."
The acquisition will enable the directors to focus on their specialist areas of expertise within the industry and to continue expanding the business through its successful growth strategy.
Matthew Oliver, a director of M3 said: “We are delighted to have helped Paul Hughes acquire the majority shareholding in this leading distributor of silicone products. He is one of a growing breed of entrepreneurs who have climbed the corporate ladder but now want to take control of their own destiny by acquiring a controlling stake in a business.”
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M3 keeps the heat on to complete multi-million pound MBI
South West company IC Mathison has been given a new lease of life following a multi-million pound management buy-in assisted by M3 Corporate Finance. M3 provided lead advisory to Tim Cowan who has bought a substantial stake in the long established heating and plumbing company.
I C Mathison, employs more than 20 people at its headquarters in Portishead, has a store serving both trade and DIY customers and a bathroom showroom. It was set up 27 years ago by Ian Mathison, who will continue to be a director of the business.
Lead advisers M3 Corporate Finance assisted with negotiation of the management buy-in, advised on deal structure, secured the necessary finance and project managed the deal to successful conclusion.
IC Mathison plans to stock and install a range of additional products including renewable energy heating systems as part of a new expansion drive.
Matthew Oliver, a director of Bristol-based M3 Corporate Finance, said: “We are delighted to have helped Tim Cowan buy a substantial stake in this successful and well respected company. Tim’s ideas for further business development, together with his expertise and energy, will undoubtedly see the company build on its successful reputation.”
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M3CF Information
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