Case Study #2 – Precision engineer MBO

Since February 2019 we have been working with a precision engineering business in the Droitwich Spa area, its a great SME outfit and was successfully bought out in an MBO in January, we came on board via a Private Equity house who required a Finance Director to be in place within 30 days (which is a common occurrence) fortunately we have a number of great Portfolio FD’s on our books who need extra days to complete their diaries and are able to support a client in that area of the West Midlands.

The client has a really interesting model, they building coating machines for national mints principally for use with commemorative coins, the machines are all for export and have a long build cycle together with a repeat order / replacement cycle of 9 months and 10 years respectively.  There is no credit risk as their clients are the ones printing the money!

Initially we worked two days per week, but now the finance function and business has settled down we are working for them a day per week, providing help and guidance as well as supporting their monthly production of Management Accounts,  annual Statutory accounts and a pack for the Private Equity House.

The relationship is an ideal long term one, we provide support and the MBO keeps on track for the benefit of the team, the business and the private equity house plus the Portfolio FD we have working with them is really enjoying the role.

This is just the sort of Win Win situation that works perfectly for FD Capital, if you are preparing an MBO or working with a Private Equity house then reach out to use today and we can replicate the above successful model for your business.   What has been great about this role is that we have built up a strong relationship with the PE House concerned.

We are always on the look out for new clients who we can work together with, our preference is a long term relationship and the Private Equity space often provides just that.

Some further information is included below relating to specific areas where members of our team operate from or are based out of.

Telford Finance Director – located in Shropshire an ideal location for Telford and Shrewsbury based clients.

Shropshire Finance Director – A very experienced FD with 20 years of debt and equity funding experience immediately available.

Wolverhampton Finance Director – Highly experienced team members who can cover the wolves area.

Birmingham Finance Director – based in our second city team members ideally located to service the Birmingham and nearby areas.

Manchester Finance Director – We now offer FD’s and CFO’s in the Manchester area and up to Preston in Lancashire.

Leeds Finance Director – We now offer FD’s and CFO’s in the Leeds area.

London Finance Director – We have a number of talented experienced FCA’s living and working in London ideal for your business.

If you are a Private Equity House or Venture Capitalist looking for Finance Directors or CFO’s or an FD/CFO yourself, then reach out to us as we always looking for additional talent to join our team.

 

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