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Panther in management buyout

Deal - Panther Warehousing has completed a £17m management buyout - SantanderCB

Panther Warehousing has completed a £17m management buyout, backed by private equity firm LDC, with support from Santander's Structured Finance team in the Midlands.

The deal was led by MD Colin McCarthy and will see the company's founder and chairman Wilson Banett retire. LDC directors Rob Schofield and Victoria Marcer have also joined the Panther board, whilst former Home Retail Group board director Greg Ball has been appointed Panther's nonexecutive chairman.

Panther recorded a turnover of £27m and pre-tax profit of £1.2m in its most recent set of result for the year ending 31 December 2014.

 

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

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