HomeInsightsWork examplesManagement Buyout (MBO) Example


Work examples // 03/05/2018

Management Buyout (MBO) Example

citra partners management buyout example (case study)

Menzies advise beer and real ale specialists Citra Partners, alongside an investor consortium, on their investment in award-winning brewery, Woodforde’s, providing financial due diligence and transaction support advice.

“Menzies were critical in the successful acquisition of the Woodforde’s brewery by ensuring that we fully understood the underlying financial performance of the Brewery to underpin our investment case. They also provided us with a clear view on the working capital requirements of the business, which was fundamental to the deal. We have been so impressed with the level of service Menzies have provided us throughout the transaction process and we must extend our thanks to Mike and Ross at Menzies. We look forward to continuing our relationship with Menzies in the future.”
James Hughes, the new CEO of Woodforde’s

Mike Grayer - Menzies Accountant

Background from Mike Grayer – Corporate Finance Partner

Woodforde’s is Norfolk’s largest independent and a multi award-winning brewery. Well-known for its Champion Beer of Britain ‘Wherry’ – which has been established for 35 years – the business is now looking to invest significantly to drive the next stage of growth.

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.

Make a confidential MBO enquiry

We understand that undertaking an MBO process is a sensitive process, so for a confidential call-back or information request please submit your MBO enquiry below


Submitting your details will not be subscribe

you to any marketing communications mailings and

all follow-up communications will be handled in

confidence by our Corporate Finance Team.

Print Friendly, PDF & Email

  • The customer is king but are they delivering value?

    Chris Maloney – Strategic Advisory Partner A business must have customers to succeed, right? Well yes, of course, but business owners should be asking whether these are the right type of customer. This is a question that should certainly go beyond the obvious “do they pay on time?” and the focus should be on further […]

    Print Friendly, PDF & Email
  • Spring Statement 2019 Summary

    Will Sweeney – Tax Technical The Spring Statement provided confirmation that the uncertainty over Brexit has hit business investment and growth, with GDP growth predictions decreasing from 1.6% at the budget to 1.2%. Business investment and growth are forecast to start growing again from next year with GDP growth of 1.4% for FY20, then 1.6% […]

    Print Friendly, PDF & Email
  • Response to the Consultation on Trust Taxation

    HM Revenue & Customs’ (HMRC) recent, wide-ranging consultation asked Professional Advisors for their thoughts on how the taxation of trusts in the UK could be simpler, fairer and more transparent. We welcomed this opportunity to contribute towards HMRC’ findings and the opportunity to apply our Brighter Thinking approach. Our Submission In our submission, we wanted […]

    Print Friendly, PDF & Email