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Work examples // 09/05/2017

Macintyre Scott & Co Ltd – Transport & Logistics MBO

Transport and logistics while paper

Menzies advised the management team on the Vendor Initiated Management Buyout of Macintyre Scott & Co Ltd, a specialist wholesale and logistics business focused on the travel retail market. With the largest bonded warehouses on the South Coast, the company works with major brands providing a single consolidated delivery service to travel retail customers including the cruise lines. The debt only transaction was funded by NatWest bank.

“Menzies were instrumental throughout the process and especially when helping us consider the best funding structure and funding partner. Their experience and guidance was critical in getting the deal completed.”
Peter Blatch – Sales Director


John Foundling - Menzies Accountant

BACKGROUND FROM JOHN FOUNDLING – CORPORATE FINANCE PARTNER

Macintyre Scott has grown into a successful and respected bonded warehousing and distribution company, with international brands and companies as long-term and valued customers. Their core services include bonded warehousing, underbond consolidation and distribution, UK domestic deliveries and global transport & logistics.


Management buy-outs explained

For an exiting owner, an MBO will offer an attractive succession plan, as there will be continuity of management and no requirement to disclose confidential information to outside parties. An MBO is an attractive option for businesses with retiring owners, a track record of profitability and a strong, motivated management team with a clear vision of the future direction for the business.

What about Management buy-in (MBI)?

An MBI is similar but the management team is external to the business. The risks are different, as MBI teams will not have the same detailed knowledge of the business, but the latter could potentially have gained sector experience and could therefore identify the potential a business has to generate good returns to its shareholders.

More about Menzies MBO Advisory Services.


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