MBO of GHG, backed by YFM Equity Partners and Triplepoint

    Submission Date: 13/06/20

    Completion Date: 07/07/20

    Target:­­ GHG

    Value: £17 million

    Acquirer: MBO vehicle led by Austin Snelgrove and backed by YFM Equity Partners.

    Deal Description: Spectrum Corporate Finance advised the shareholders of Loss Adjusting and Claims Management specialist GHG Limited (GHG) on the management buy-out supported by private equity firm YFM Equity Partners and debt provider Triplepoint.

    Funding: YFM Equity Partners – Jamie Roberts, Adam Hart, David Wrench

    Corporate Finance Advisers: Sell-side (shareholders and management) – Spectrum Corporate Finance: Darren Miller and Simon Davies.
    Buy-side – BDO Corporate Finance, Reading – Duncan Lamb and James Vallence

    Legal Advisers: Sell-side (shareholders) – Paris Smith, Southampton – Jonathon Roy and Arezou Rezai
    Buy-side – Gateley, Reading – Sarah Souter, Chris Reed, Laurel Knight and Chris Jones

    Financial Due Diligence: James Cowper Kreston, Southampton – Brad McAvoy, Stuart Williams, Nikul Patel and Phil Snell

    Commercial Due Diligence: RPL – Geoff Rampton

    Tax Advisers & accountants (shareholders): Wilkins Kennedy – Bruce Elkins and Kelvin Lawrence