In the latest news from fds Director Services, we are pleased to share that we have successfully advised on a management buyout (MBO) of Hunters, an architecture and building consultancy.
An MBO involves selling the business to the existing management team. For a business owner, a sale to the management team could be either the only viable, or most desirable, option.
Susan Pasint-Magyar and Neil McCabe of Hunters are pleased to announce details of a change in ownership of the company. With this announcement, they would like to confirm that the provision of all of their current services within each sector will remain unchanged. They look forward to building on the reputation, relationships and growth that Hunters have established over the last 63 years.
Edward Keelaghan and Ian Hurlstone have relinquished their shareholdings in Hunters. This has been wholly acquired by Susan Pasint-Magyar and Neil McCabe, joint Managing Directors, who will continue to lead the multi-disciplinary practice. The deal was headed by Jo Haigh, Founder and Chairman of fds, and Poonam Kaur, CEO, who worked alongside Paul Trudgill of Knights Solicitors.
Poonam Kaur commented: “We are delighted that we were able to assist both parties in this transaction to achieve a mutual beneficial outcome.”
Paul Trudgill of Knights said: “It was really satisfying to be able to assist Neil and Sue to complete their transition to owners of the Hunter and Partners group”.
Sue Pasint-Magyar said: “We would like to take this opportunity in thanking you all for the very efficient and professional way that you have handled our MBO. We would highly recommend your services to others’’
Ed and Ian will continue working solely with Hunter & Partners South trading as HPS. This is and will remain an entirely separate entity to Hunters.
Interested in learning more about how to execute a management buyout and how fds can support you? If so, please contact us for a confidential discussion.