MBO at Bailey Fisher

We acted as lead adviser on this management buyout which saw the Founder Partners become minority shareholders and a new tier of management stepping up to manage the business day-to-day.

What we did

PEM Corporate Finance acted as lead adviser on the management buyout at Bailey Fisher Executive Search Limited, an independent executive search firm operating globally to identify impactful talent across technology, digital health, life sciences and private markets. HSBC UK supported the buyout with bank cash flow lending on the back of a well-crafted and constructed business case written by PEMCF.

Company background

Based in Cambridge, Bailey Fisher are an executive search firm, focused on hiring senior executives to some of the most successful companies based in the UK. The management team at Bailey Fisher are fully integrated into the local business fabric and focus on improving the local business scene by, for example pushing to have more women in the technology industry.

What was special?

The deal was completed in c3 months despite the complex capital structure with minority shareholders, leading to a skilful tax structuring of the final deal. As a well-known entity, and given the crucial importance of Paul Bailey and Ann Fisher (the Founding Partners of the company), we structured the transaction to give them a consultancy role post-deal enabling a smooth transition post-MBO.

Deal structure

The transaction saw the Founder Partners reduce their equity stake to 20% and the new Managing Director acquire a controlling shareholding.