Fri, 04 Jan 2013 | MBO/MBI
A successful MBO of Introview Group has been completed, lead by the firm's production director, Garry Hardy.
Watersheds, a corporate finance firm, oversaw the deal, which also involved finance director Mike Seamarks. However, it is Mr Hardy who will become managing director following the MBO after the retirement of Keith Burgess.
The main operating company of the group is Newnorth Print Ltd, which was established in 1971 to deliver a range of print services to different UK-based markets.
Mr Hardy commented: “The three of us had already made the career change of a lifetime when we initially became owners 14 years ago, with Watersheds’ help. It was natural for Mike and me to enlist Watersheds for the second time, when Keith decided to retire.
“This is an exciting time in print, as we move firmly into digital technology, which enables Newnorth to respond to customer requirements faster.”
Watershed' partner Stephen Smart oversaw the MBO of the firm, which employs 60 people.
He commented: “They meticulously organised the management transition to have no impact on the
business, which facilitated our focus on management of the project to deliver a relatively complex structure and its documentation against a deadline.”
Sale of a soft home furnishing provider, operating nationwide from a leasehold premises in the East Midlands. Currently a family ran business specialising in the sourcing and import.
The company provides roadside assistance, vehicle recovery and garage workshop facilities, utilising a diverse, varied fleet of specialised vehicles to provide rapid support to clients based across South East England.
The company is a manufacturer of specialist textile products that have a variety of applications, including the aerospace, agricultural, defence, maritime and materials handling sectors, as well as any industries involved in height safety.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.