Majority sale of shares for Orbital Fabrications
PEM Corporate Finance were appointed by Orbital Fabrications to provide M&A advice on the sale of 80% of its shares.
PEM Corporate Finance advised the majority shareholders at IMS on structuring an MBO deal which secured the future of the company and to realise the value of their investment.
PEM Corporate Finance worked with the shareholders to structure a deal that allowed the retiring shareholders to realise the value of their investment whilst also securing the future of the company by locking in key management.
Incident Management Solutions (IMS) was founded by the Vendors, Andy and Lou Tunnicliffe along with Simon Young. They drove the business initially but had stepped back to allow Simon, who was a minority shareholder from the outset, to take over as Managing Director. Having proven the new teams ability, PEM Corporate Finance then worked collaboratively with Andy, Lou and Simon to structure a deal that allowed Andy and Lou to exit and Simon and his management team to take over.
Andy and Lou had already stepped back from day-to-day operations and Simon was already a minority shareholder. So this was less about Vendor and Purchaser and more about working collaboratively with everyone to find the best solution for the company. The change of ownership also allowed more of the team to become shareholders.
A new company was formed to acquire IMS and to allow the share structure to reflect the new team.