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.'

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

 

 

 

Other Articles

The new Apprenticeship Levy could help transport and logistics companies solve their recruitment problems and equip their workforces with…

Cornwall is a land steeped in legend but this salty business success story is no myth.

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Santander Incubator social enterprise, Liverpool Girl Geeks, has secured £20k in Rosa funding to help them grow their programmes and…

Travelstar European Ltd, one of the West Midlands’ leading coach hire companies, has moved to larger premises in Portland Street, Walsall,…

The UK’s aerospace industry is the focus of our second quarterly bulletin in partnership with EEF, the manufacturer’s organisation. We take…

Where Next?