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Meridian advised the shareholders of Aerial Direct Ltd ("Aerial Direct") on a structured Management Buy-Out.
Aerial Direct is the leading O2 reseller, catering to communication needs of the SME and mid-market by offering a range of unified communication solutions.
Meridian advised the management team on their acquisition and integration of sister company Aerial Telephones and the exit of non-operational majority shareholders. The deal included refinancing the existing property loan and was supported by a debt package from NatWest.
The transaction allows management to pursue their strategic growth strategy and product expansion plans.
David Kilby, Director of Aerial Direct Group, commented,
“I have to say that our previous corporate finance experience was less than satisfactory, but Meridian had a completely different approach and were involved on a hands-on basis from day one. We look forward to working with them again moving forward and can really see how they manage to retain their regional dominance as trusted advisers.”
The transaction was supported by a number of Solent professionals from BDO, Shoosmiths, Blake Morgan and NatWest.
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Meridian Corporate Finance Ltd
Unit 4 Manor Farm Offices, Flexford Road, North Baddesley, Southampton, Hampshire, SO52 9DF
Call: +44 (0)23 8026 8793
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