Management Buy-Out – Universal Site Supplies

Client Overview

Universal Site Supplies Ltd (USS), based in Essex, supplies a variety of construction and safety products to the construction industry. 

How we supported our client

Initially, USS approached Affinia to conduct a valuation of the company to facilitate negotiations between the shareholders around one party exiting. Affinia subsequently assisted the two shareholders who wished to remain in the business by structuring a transaction that catered to the needs of all parties.

The Result

“The USS Directors have established a highly successful business, which has experienced significant growth since its inception in 2008. It has been a pleasure to support them with the valuation, the negotiation of transaction terms, and securing tax clearance to execute the management buy-out (MBO). In collaboration with the buyer’s lawyers, we reviewed the share purchase agreement, particularly concerning the financial and tax implications of the transaction. The company’s existing bank supported the transaction by providing a new invoice finance facility, which we assessed to ensure it was adequate for the business and that the terms were competitive. We wish USS continued success and are confident the business will go from strength to strength long into the future.” Says Stuart Sheldrick, Director