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.
We acted as lead advisers to Mark and Mandy Ogier and advised them on the sale of their majority stake in MMCC to a management team.
PEM Corporate Finance acted as lead advisers to Mark and Mandy Ogier and advised them on the sale of a majority stake in MMCC Ltd to management.
MMCC Consultants is an independent software developer providing business management systems for back-office and mobile applications. It was founded in 1998 by Mark and Mandy Ogier and has grown rapidly, now delivering IT solutions to household name businesses such as Kwik Fit, Euromaster, ETA and the National Gallery.
The deal was financed internally and did not require bank finance. This has helped to achieve a smooth handover of control and responsibility in the business.
The deal was funded by the business, vendors and equity finance from the MBO team.