Recipero

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

Highlights

£?

Undisclosed MBO from global giant TransUnion

100%

share capital retained by acquiring management team

Challenge

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.

Solution

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.

Fundraising

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.

Results

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.

testimonial

"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
 - 
Director
Read 
Myles Hamilton
's bio
Support Advisor:
Daisy Mackay
 - 
Manager
Read 
Daisy Mackay
's bio
Support Advisor:
Alexei Garan
 - 
Director
Read 
Alexei Garan
's bio
Optional caption to go here lorem ipsum dolor sit amet.

Selling a business

We can help you develop your exit strategy, value your business, find a buyer and negotiate a deal that unlocks maximum strategic value.

Learn moreLearn moreLearn moreLearn more

Related success stories

See all stories
Invitation Digital Limited (operator of Vouchercloud)

Enabling a Management Buyout from Vodafone

When the owners of a market disrupting brand had the opportunity to buy their business back from Vodafone, they asked us to make the deal happen.

Learn more
Baltimore Consulting

Debt backed management buyout of specialist recruitment agent

Baltimore Consulting is an award winning recruitment specialist supplying candidates to local government and the NHS. Find out why Baltimore's management team came to us to help with a management buyout.

Learn more