Wake Smith’s legal work on the successful management buyout of Home Decor helped secure Deal of the Year (sub £10m) at Insider’s South Yorkshire Dealmakers Awards.
The £3m MBO of the Rotherham-based suppliers of sliding door and interior solutions, enabled the management team to buy out the shares held by private equity investor Cerberus Investment Group and led to a defining moment for the firm.
Executive team Jason Limbert, Chief Executive Officer; Neil Martin, Contract Sales Director; and Jon Griffiths, Sales & Marketing Director increased their minority shareholding to take full ownership of the company.
Wake Smith Solicitor’s director and head of company commercial Rebecca Robinson advised HSBC’s South Yorkshire Corporate Banking on the transaction documents for the £2.7m funding support.
Rebecca said: “The event showcased how buoyant the South Yorkshire dealmakers market is, and the outstanding work being completed on transactions by dealmakers across the region. The deals completed and the strong pipeline of work positions the region as a key driver of UK growth unlocking new opportunities for trade and inward investment.”
The deal goes forward to the UK Dealmakers Awards, where the best from each region come together to crown the Champions of Champions.
The event recognises the region’s leading banking, funding, legal and corporate finance communities, and the best deals they were involved in over the last 12 months.
Wake Smith’s corporate team’s work was also shortlisted in the Corporate Law firm of the Year category for the eighth consecutive year; in both the Deal of the Year £10m plus category and the Private Equity Deal of the Year category for the £15m investment package for Castings Technology; in the Venture Capital Deal of the Year for the seed fundraise for Sheffield-founded tech business Siguru Ltd, and for the L-RES UK MBO in Deal of the Year (sub £10m).
For further advice on company matters contact Rebecca Robinson, head of company commercial and director at Wake Smith Solicitors on 0114 224 2025 or email [email protected]