Devonshire Corporate Finance advises on MBO for engineering specialist recruiters – Alexander Associates
Devonshire Corporate Finance Ltd (DCFL) recently advised on the management buy out for Alexander Associates, a £10 million specialist engineering recruitment consultant in Kent.
Managing Director of Alexander Associates, Gareth Jones comments: “The team at DCFL were instrumental in the MBO of our business. I found it amazing how quickly they got to grips with the figures and were able to illustrate the performance and potential of the business in a language that financiers require. DCFL were on our wavelength from day one.
“Knowing your business inside out is essential but without having a team to understand your goals, guide and represent you there are countless pitfalls and dead-ends to hamper your progress. DCFL were constantly one step ahead, anticipating hurdles and ensuring we were prepared and fully understood every detail. The amount of time and distraction DCFL saved by managing the process was beyond value to the business during the transaction and ensured the time away from the business was kept to an absolute minimum.”
Marc Fecher, Head of Devonshire Corporate Finance says, “It was a pleasure to be able to support and advise Gareth and his team from start to finish on this deal. Alexander Associates is a fantastic business that will be taken to the next level now that ownership has transferred to the longstanding, proven and passionate management team”.