New Boss goes for growth in Laser Company

A leading Yorkshire laser cutting company, which produces components ranging from ice skates to military armour plating, has moved out of family ownership for the first time following a buy-in management buy-out (BIMBO). Sheffield-based Mayflower Technology specialises in laser cutting, pressing, machining, welding and fabricating metals and other materials. Founded in 1995, the £20m turnover … Continued

Multi Million Pound Deal Brings Hi-Tech Co to Merseyside

Merseyside Special Investment Fund (MSIF) has backed a multi-million pound transaction which will bring one of the UK’s leading systems integration companies, Jade Communications, to Merseyside. Jade Communications specialises in the provision of end-to-end network solutions, operating within the areas of wireless and hand-held solutions, LAN, deployment services and structured cabling. The £4m funding package … Continued

Views on Management buy-outs

Simon Wells, Business Finance Director GE Commercial Finance “Our highlight in deal terms in 2005 was an introduction from Dow Schofield Watts of an MBO of a supplier to the aerospace industry. The opportunity was created by the retiring shareholders leaving some equity and we provided a £6.5 million funding package to include leveraging receivables, … Continued