Project Gospel

Meridian Corporate Finance advised on the Management Buy-Out of Project Gospel, a London based specialist courier business, as their current shareholders endeavoured to hand down control to their up-and-coming management team.

Project Gospel is a London based shipping and courier company, specialising in the handling of antiques and artwork. In addition to this, Project Gospel offer a state-of-the-art storage facility with a fully comprehensive security and climate control system and full coverage for high value art and antique goods.

The deal was led by Prabin Sunar and Philip Mettam at Meridian Corporate Finance. Herrington Carmichael provided their legal expertise and Cathy Revis of Fiander Tovell provided tax support. Meridian, Herrington Carmichael and Fiander Tovell worked together to plan, structure and transact a management buy-out process, enabling the current shareholders to efficiently hand over the business and its future to its management team and recognise the value they had built over their years of service.

One of Project Gospel’s exiting shareholders commented: “I want to give Philip and Prabin a big thank you for all they have done for Project Gospel and myself over the last 9 months. The sensitive and professional way in which they dealt with all the complexities involved in this process has been exceptional. From my side I understood how tricky this was going to be from a humane perspective but completely underestimated how complex it would be regarding the professional side; so for that, thank you!”

Prabin Sunar, Associate Director at Meridian, commented: “It has been an absolute pleasure to assist Project Gospel and their shareholders in structuring and delivering this transaction. We really enjoyed the process with the shareholders and management of Project Gospel and wish the team the very best as they navigate what is inevitably a very exciting journey ahead.”