WJL is a joinery contractor and manufacturer of bespoke furniture, panelling and doorsets within the commercial and public sector markets.
The outcome was a win-win situation for both the remaining and departing shareholders, and allowed WJL to restructure the business in line with their strategic plan.
Jamie Lovatt, Managing Director, said "Neil Davidson was recommended to me by another business which had previously greatly benefited from Alderburn Finance's support. Neil worked closely with our Corporate Finance advisors and between them they provided seamless support in facilitating the MBO to all parties satisfaction"
The management team wished to 'buy-out' the company's existing institutional shareholder to allow the management team to fully benefit from future expansion.
The outcome was the institutional investor agreed to exit and the company, now owned 100% by the management team, went on to develop an additional strategic outlet.
ANY PROPERTY USED AS SECURITY, INCLUDING YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
EARLY REPAYMENT CHARGES APPLY. A BROKER FEE MAY APPLY.