Management buy out of Williams Medical Supplies

  • SECTOR: MEDICAL SUPPLIES
  • TYPE: MANAGEMENT BUY OUT
  • SIZE: UNDISCLOSED

 

Momentum advised the management team on the management buy out of William Medical Supplies Ltd, the UK’s largest distributor of medical products to primary care providers.

The company, with sales over £47 million, distributes medical equipment, pharmaceuticals and medical consumables to general practice and clinics throughout the UK.

Founded in 1990, the business has experienced strong growth over the last 17 years and has invested heavily in buying additional brands to continuously improve their portfolio of products for their customers.

Managing director Vince Kerr and commercial director, Nigel Knight, have bought the business, providing an exit for the Company’s founder, Robin Williams.

The Company employs over 150 staff and is based in Rhymney, Gwent.

Some key deal features

  • ISIS Equity Partners and National Australia Bank provided funding for the MBO
  • The deal was completed within only four weeks of ISIS gaining exclusivity
  • Robin Williams will remain with the firm for six months in an advisory role
  • Momentum structured the deal as to allow the management team to take a significant element of cash out of the business

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