Management buy-in at bathroom products group

Clarke Willmott has advised on the private equity-backed management buy-in of Cooper Callas. The Bicester-based business is a distributor of bathroom products in the UK. The acquisition was financed by a combination of bank lending from Santander, invoice/stock/trade finance from Leumi ABL and private equity investment from Percipient Capital. The deal involved the acquisition by a new corporate vehicle, Coopers Distribution Ltd, of the entire share capital from the long-standing shareholders. Phil Carr, who led the management buy-in team, said: 'The acquisition presented a number of complex legal challenges that needed clear direction and advice to ensure the transaction remained on course. The team at Clarke Willmott worked closely with financial advisors and legal partners to pull together all elements, providing real assurance to the investors. Great to work with some truly dedicated individuals and a well-structured team.'

 

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