MBO of 42 Technology

42 Technology

PEM Corporate Finance advised 42 Technology, a technology and product design consultancy, on the successful management buyout of the company. 

Background

Based in St Ives in Cambridgeshire, 42 Technology is a successful technology and product design consultancy. 42 Technology supports its clients at the early stages of defining the product and technology strategy through to the transfer of new products into manufacture or going live with a new manufacturing process.

What was special

The change of ownership occurred during a significant increase in annual sales, with a surge in new client wins particularly from Europe and North America. The consultancy also strengthened its in-house team in key areas such as wireless communications, product design and thermofluidics.

Deal structure

42 Technology's executive directors and staff bought the bulk of the business from its previous owners, Howard Biddle and Dave Wilson, who retained a small shareholding and their non-executive roles. The company also implemented a scheme giving employees the opportunity to acquire its shares.

Legal advice was provided by the Cambridge office of Taylor Vinters.


Press release

Deals

  • Cambridge Publishers Ltd
  • Molecular Dimensions Tony Savill
  • Nitritex Limited
  • Sale of Pope Woodhead & Associates
  • George Lister logo
  • Element Energy logo
  • Alacer Software logo
  • 42 Technology
  • dB Broadcast logo
  • Kloeber Ltd logo