Case Study: CDI Anders Elite Ltd
- Deal size:
- Management Buy-Out
- Deal completed:
- September 2016
Meridian advised the management team of CDI AndersElite Limited (“AndersElite”) on the purchase of the company from the US exiting shareholders.
Established in 1984, AndersElite are leading technical recruitment experts to the built environment. With eight regional offices across the UK, AndersElite provide permanent, temporary and contract recruitment services and solutions for a wide variety of clients across many industries, mainly in construction, civil engineering and rail systems.
Michael Barcia, Director of Meridian concludes, “We were introduced to Simon and Steve by Lloyds to help them navigate their way through a Management Buy-Out. They are a great team with exciting ideas for AndersElite, which we look forward to helping them implement.”
The Management Buy-Out enables AndersElite to continue with their vision for the future, without compromising the impeccable client service, which is already driving the company to its successes.
The deal was supported Dechert LLP who provided legal advise to the exiting shareholders; Shoosmiths LLP who provided legal advice to the Management Team; Fiander Tovell Ltd who provided tax advice and Lloyds Bank who provided funding.