MC Vanguard supports Acuity Fund in Management Involved Buyout of KG Washford Ltd

North West accountancy firm Mitchell Charlesworth’s corporate finance arm supported Acuity Fund Ltd in a Management Involved Buyout (MIBO) of KG Washford Ltd.

Redditch-based KG Washford, established in 1973, is a designer and manufacturer of high quality precision engineered equipment for a variety of OEMs in the aerospace and automotive sectors.

Robin Gower Preferred
Pictured: MC Vanguard Director,
Robin Gower

Mitchell Charlesworth’s corporate finance division, MC Vanguard, provided commercial advice, with legal advice from Taylors Solicitors and funding from Close Brothers Invoice Finance.

The MIBO from the new Gibraltar-based SME buyout private equity house Acuity Fund Ltd and the existing management team at KG Washford secures the company’s future with the expertise of the existing management team and the strategic leadership of Acuity.

Acuity Fund is a Gibraltar-based buyout private house whose acquisition strategy is to build a group of high quality UK SMEs to provide a comprehensive supply chain servicing the aerospace, military, and defence industries across Europe. Of key importance is its mission to maintain each target’s employee base, create employee ownership opportunities, nurture the organic growth of each business, and preserve their legacy.

Robin Gower, a Director at MC Vanguard, said MIBOs – deals in which retiring vendors sell a controlling stake of the business - can offer a “win-win” result for all concerned.

“There is a lot of goodwill involved with MIBO deals because they secure the long-term future of the businesses and their people,” he said. “In this case, it also offers firms like KG Washford the added stability and vast opportunity of being part of major group consisting of other like-minded businesses across a range of thriving industries throughout Europe.

“This is not just good news for Acuity Fund and the SMEs involved but for British business in general.”

“MC Vanguard has been appointed as Acuity Fund’s corporate finance advisor and these are exciting times,” said Robin Gower. “MIBOs may sound like straightforward transactions but they are invariably complex processes. One of the most important facets of our role has been to bring together the mindsets of the Plc background of Acuity’s Board with owner-managers in the SME sector.”

“The KG Washford deal will be the first of many similar deals and I’m delighted to say that we ended up with both happy vendors and happy acquirers.”

For further details about MC Vanguard contact Mitchell Charlesworth on 0161 8176100 or email Robin.

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