Tue, 24 Jun 2014 | MBO/MBI
A Cambridgeshire printing firm has changed following a management buyout.
Macro Art is a specialist wide-format digital printing business, which has created building wraps for Selfridges' and Harrods' London stores. It has been announced that YFM Equity Partners, which has offices in Leeds and Sheffield, has committed £2.1m towards the MBO.
John Walker, a pioneer of wide-format printing, founded the company in 1992 with his wife Gretchen. Following Mr Walker’s death, his wife decided to sell the firm to the management team.
Backed by YFM, the MBO is being led by managing director James Jennings, commercial director Michael Green and sales director Matt Guise. There is also a group of new investors and non-executive management including: David Sadler as chairman, formerly chief executive and major shareholder of Aardvark Group now part of the Penman Group; Nigel Luckett, currently a non-executive director at YFM portfolio company Pressure Technologies; and Chris Gregory, founder of corporate finance advisers Orbis Partners.
Martin Jinks at Roythornes in Peterborough was the legal adviser for the vendor while Andrew Stilton of Keystone Law in the Midlands provided legal advice for the management team.
Mary Broadhead, investment director at YFM Equity Partners, who led the deal, commented: "We are delighted to support James and the team as they prepare to capitalise on the increased marketing spend of companies and organisations throughout the UK and Europe and invest in the latest high-tech printing equipment to support their growth plans."
______________________________________________________________________
Related information:
Businesses for sale
Business acquisition funding
The company utilises its trucks and specially designed trailers to undertake the haulage of steel materials, including wide, slit and perforated coil steel; steel blanks, sheets and plates; rolled steel products; and machinery for the steel industry....
A profitable and well-established engineering business dedicated to delivering exceptional precision parts with unparalleled quality. Specialising in complex, high-tolerance components, this company caters to a wide range of industries, including las...
A well-established off licence and convenience store located in the heart of Stoke-on-Trent. This profitable business has been serving the local community since 2003 and boasts a strong, loyal customer base. Specialising in a wide range of wines, bee...
FREEHOLD
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.