MBO of Merriott Plastics

Transcend Corporate has advised new company Merriott Plastics (Holdings) Limited on the £7.5m management buyout of the Merriott Plastics group, a leading provider of low-volume, high margin engineering solutions to UK-based industrial customers.

The management team has taken a majority stake in MPG, backed by finance provided by a package of debt facilities from Barclays Bank plc together with the vendor.

Following the management buyout, Bill Hall, vendor of Merriott Plastics Group, commented “Transcend’s advice in managing and structuring this transaction has been exceptional, from helping us negotiate terms with the management team, structuring the transaction, to finding finance, managing the process and successfully delivering it. I am delighted that management will be able to increase their stake in the company as well as benefit from its continued development.”

Transcend was involved in the valuation of the business, negotiating of the deal structure and raising a debt package to support the deal.