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