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Reading: Blandy advises Just Kampers MBO

11 Feb 2010

Odiham company now ready to progress with new management team in place.

 

Leading law firm Blandy & Blandy LLP has recently advised on the management buyout of Just Kampers for an undisclosed consideration. Blandy & Blandy acted for the new management team.

Odiham-based Just Kampers is a leading parts and accessories supplier for VW Camper vans and VW Beetles.

The business was set up by Mark Reynolds over 20 years ago, and now supplies parts to VW enthusiasts worldwide on a daily basis. Reynolds remains a director of Just Kampers, although his son Josh has taken over as managing director, and he will play a key role in the continued development of the business.

The transaction was led by David Few, partner and head of the Corporate and Commercial team at Blandy & Blandy. He was assisted by corporate associate Peter Woolley.

Commenting on the transaction, Mark Reynolds, founder of Just Kampers, said: "It has been very refreshing to deal with a law firm who can be proactive and help lead a deal from conception through to a successful conclusion. I have no hesitation recommending Blandy and Blandy and I'm sure I will be using them again in the coming months and years."

Few commented: “It is a pleasure to have advised the new management team, particularly after we had previously advised Just Kampers Limited on the legal aspects of an internal reorganisation.

"It is undoubtedly difficult in the current climate for companies to procure bank funding for this type of transaction. However, this deal demonstrates that, even in existing market conditions, finance is available in the Thames Valley for the right business with growth potential. As a firm, we have seen this trend reflected in the number of new corporate transactions which we have been instructed on recently. I wish the new management team every success with the proposed development of the Just Kampers business.”

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