Birketts has advised the shareholders of Level Best Solutions Limited on the management buyout of the Edenbridge-based business.
The transaction will see the company acquired by Level Best Solutions Holdings Ltd, a newly incorporated holding company established for the buyout, providing a platform for the existing management team to lead the business through its next stage of development.
Birketts advised the sellers across the corporate, acquisition finance and completion workstreams.
The Birketts team was led by Corporate Partner Helen Garner, supported by Corporate Senior Associate Phillip Hopkins, with specialist banking and finance support from Senior Associates Joe Roberts and Gavin Williams. The matter required close coordination between advisers in the UK and the Middle East, including Bryan Cave Leighton Paisner LLP acting for the buyer and Brodies LLP acting for NatWest.
Helen Garner, Partner at Birketts, said: “We are delighted to have supported Nick and Nicholas on this important transaction. Management buyouts often require a careful balance between enabling the incoming management team to take the business forward and protecting the position of the outgoing shareholders. This deal achieves that balance while maintaining continuity within Level Best Solutions and providing a strong foundation for its next chapter.”
Nick Heasman, Director and former majority shareholder at Level Best Solutions Limited, said: “We are delighted that we appointed Birketts. The team has been professional and proactive in every department. We would highly recommend them.”
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