Case Study: Project Bravestar
- Management Buy-Out
- Mechanical and Engineering
- Deal completed:
- November 2017
Meridian advised the shareholders of Project Bravestar (“Bravestar”) on their Management Buy-Out to the incumbent management team.
Bravestar was established in 2000 and has offices and workshops located in Southampton, Hampshire. Bravestar provides a personalised and professional engineering service with high emphasis on safety, quality and customer satisfaction. With their diverse client base, Bravestar operate in a variety or markets covering the pharmaceutical, petro-chemical, power generation, marine, water, gas, aerospace, paper, food and the building service industry.
Meridian Manager, Philip Mettam who led the deal process comments, “This deal was an excellent outcome for all concerned. The Shareholders are able to pursue new lifestyle choices, whilst the business remains in the family as the incumbent management team step forward and continue to build on Bravestar’s existing success and drive it forwards.”
The Management Buy-Out was supported by a finance facility agreed with HSBC bank and will enable Bravestar to continue with their vision for the future, without compromising the impeccable client services, which is already driving the company to it’s successes.
Legal advice was provided by Mark Shepherd, Partner and Rebecca Mauleverer, Partner at national law firm Shoosmiths LLP (Southampton). Funding was provided by Gemma Wild, Relationship Director at HSBC (Southampton). Liam Doughty, Associate at Paris Smith LLP(Southampton)provided legal advice to HSBC.