Debére Completes Another Significant MBO

Debére accountants has just completed its fourth large transaction in as many months, a significant management buyout (MBO), and the firm is also busy proposing its services for at least two more large sales.

The Washington-based accountancy firm has acted as the company’s advisor since 2016, and supported the deal as corporate finance advisor, handling negotiations between all parties and lawyers. Debére also prepared extensive business plans and cashflow forecasts, structured the final transaction and obtained clearance from HMRC.

Tony Tomlin, Director at Debére commented: “We have worked with the business owners for almost eight years now and it was a pleasure to advise them on their exit from the business after a successful period as Directors. We are pleased to have retained them all as clients following the MBO and we wish the buyers the best of luck for their continued growth and we look forward to supporting their plans for the future.”

Peter Cromarty from CCBS Group and Barry Gill from TIG Corporate Finance also supported the corporate finance function, and Chris Hughes from Mincoffs Solicitors acted for the buyers.

Barry Gill, Director at TIG Corporate Finance commented: “The company is a great North East business supporting some big projects across the UK. It has been great working with the directors on this MBO, and I look forward to seeing the growth of the company as it moves into its next phase of growth.”