Enabling a Management buyout of a data solutions business

After a US giant acquired Gloucester-based Recipero, an opportunity arose for its original owners to buy back the business. And that's when we stepped in to make the deal happen.

Image credit: Recipero



Undisclosed MBO from global giant TransUnion


share capital retained by acquiring management team


Founded in 2000, Gloucester based Recipero is a data business that collates mobile device identification numbers, enhances them with additional information and delivers a SaaS database ecosystem to aid its customers in preventing theft, fraud and related crime.

Recipero was acquired by US giant TransUnion in 2016. However, a change of global strategy at TransUnion brought about the opportunity for Recipero’s former management to reacquire the business through an MBO. Recipero’s management team approached us to manage the MBO transaction as well as securing the funding to buy back the business.


Management buy-out

We brokered the deal between the management team and the vendor that saw the management team retain 100% of the share capital.


We conducted a keenly competitive funding process to secure the most attractive financing package from the ultimate winner, Shawbrook Bank, who provided a loan to fund the transaction.

Business planning

To support the transaction, we worked closely with the management team to build a robust business plan and financial model, which were then scrutinised by Ernst & Young on behalf of the Funders.


With our support, Recipero’s former management team applied for finance to cover the MBO. This was achieved by an undisclosed loan financed through Shawbrook Bank. This allowed Recipero’s former owners to restore the company to independent management and ownership.


"We are enormously grateful to our advisory team for their professionalism and tireless efforts to secure the deal, funding and the transitionary processes."

Their incredible support ensures that we will continue our crucial work with UK Law Enforcement, businesses and the public to create a safer trading environment for all."
Les Gray
Chief Operating Officer at Recipero
Lead Advisor:
Myles Hamilton
Myles Hamilton
's bio
Support Advisor:
Alexei Garan
Alexei Garan
's bio
Support Advisor:
's bio
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