Ward Thomas Group

A specialist logistics, storage and removals business

ward-thomas.co.uk

Mobeus has invested £7.2 million to support an equity release for the shareholders of Ward Thomas Group, a brand-led specialist logistics, storage and removals business.

The group comprises Bishopsgate Specialist Installations, Anthony Ward Thomas Master Removers and Aussie Man & Van, and has turnover in excess of £20 million.

DEAL

The transaction provided a partial realisation of value for the existing shareholders (including management) of the group.

FINANCE

Mobeus invested £7.2 million as a combined debt and equity package. Due to the level of rollover and asset cover, Mobeus was able to take a relatively modest minority stake which was very attractive to management.

INVESTMENT RATIONALE

The group is run by a high quality management team with strong operational capabilities and a proven track record in making astute acquisitions.

TRANSACTING EXPERTISE

The Group historically consisted of three distinct corporate entities with slightly different shareholding structures. The transaction comprises two sequential investments which brought the companies together under common ownership in a tax efficient manner.

Other related websites;

http://www.manandvan.biz/ 

http://www.bishopsgate.co.uk/

Information

Richard Babington
Sector:
Business Services
Type:
Management Buyout
Status:
Current
Date:
December 2014
Leader:
Richard Babington