Solent: Trethowans acts on aap3 MBO
The corporate team at Southampton, Poole and Salisbury-based Trethowans Solicitors has advised the management team of aap3 in relation to its management buyout (MBO) from the existing shareholders.
aap3 is an IT services and recruitment company based at Southampton Science Park, Hampshire, but operating in over 30 countries across Europe, the US and the Middle East. It is a specialist in managed IT services, network engineering services, video services and support, flexible resourcing, and permanent and contract IT recruitment.
Lucy Grey, senior associate at Trethowans, led the transaction alongside Meridian Corporate Finance and Lloyds Bank. She commented: “It was a pleasure to work with the MBO team and to see their enthusiasm for the company they were purchasing. I wish them success and very much look forward to working with the MBO team again over the coming years to assist them with the company’s growth.”
“My co-directors and I were delighted to complete our MBO. I’m grateful for the support and guidance we received from both Trethowans and Meridian Corporate Finance and look forward to working with both again in the future,” said Mark Wilkinson of aap3.
