Capital Law is pleased to have advised the managers on the management buyout of Metamark. The deal was led by Primary Capital. We were introduced to the transaction by Iridium Corporate Services Limited.
Metamark is the leading worldwide manufacturer and distributor of self-adhesive vinyl and digital media, headquartered in Lancaster. Primary Capital, Paul French (CEO) and Ian Simister (Sales Director) take over from the founder shareholders, Mark Bateson and Mike Stuart. In the past five years, since Paul and Ian have led the business, profits have doubled. The new owners plan to continue the growth of the company, taking it to new markets.
Paul French, CEO of Metamark said – “Our management team was new to buy-outs, so when the owners and Primary gave us the opportunity, we knew we needed guidance and support. I have known the Capital team for some years so we reached out to them. And their guidance and support have been ideal. They explained the process from the start; never over-complicated issues that were already complicated enough, and worked very efficiently with our new owners and their advisers to get us to completion without drama. Their skill, experience and sheer “usability” was striking, and hugely helpful to us”.
Alys Carlton, Corporate Partner at Capital Law said – “We are delighted to have been involved in the deal. We work a lot for managers in private equity-led transactions, and this one was satisfyingly well-organised and efficient. Our clients are vastly knowledgeable about the Metamark business, of course, but wanted to become very knowledgeable about MBOs in this process – which we all managed to achieve very satisfyingly. It is a pleasure to work with them”.
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