MBO at Independent Project Engineering

We advised the founding shareholders of Independent Project Engineering Ltd (IPE) on their management buyout (MBO), securing the future of the business and setting it up for growth.

We advised the vendors, Ray Bragg and Colin Judge, who wanted to realise some value from IPE upon exit but also wished to secure the future of the company with an orderly transition to new ownership.

IPE is one of the UK’s leading designers and suppliers of hardware and software solutions to major radio and television studios for some of the world’s largest broadcasters and new media companies. Typically, they install their products in newsrooms, master controls rooms, and production and playout facilities.

The MBO followed a process that was instigated by Ray and Colin about 18 months earlier when they engaged PEM Corporate Finance to undertake an Exit Planning Review and valuation of the business. PEM Corporate Finance was on-hand to advise the vendors on the lead-up to the formal MBO process including the sale of the display and control products division to Densitron.

Ray and Colin sold 100% of their shareholding to the new executive team comprised of Simon Warburton and Garth Meehan.