Our Banking & Finance team act for Santander in successful management buyout
6th August 2024
We’re delighted to share the successful completion of a management buyout (MBO) at Huddersfield-based ecommerce retailer, Interior Goods Direct Ltd (IGD), and home and commercial window coverings manufacturer, Green & Brown Ltd (G&B). We acted for Santander in this transaction, with our team directed by our Head of Banking & Finance, Phil Scott.
The buyout was led by Managing Director Nigel Blakey, with the support of Directors Job Brown, James Toase, and Andy Thomson. This significant milestone will enable the companies to focus on growth plans, strengthen operations, and provide greater employment and developmental opportunities for the 270 existing staff and future team members.
The transaction was structured and led by Andy Miller, Partner at corporate finance firm Sentio Partners, who introduced the management team to Martin Beckett and Paul Hainsworth at Santander UK PLC.
Phil Scott was supported by Zara Shafiq (Associate, Banking & Finance) and Frances Scarisbrick (Associate, Corporate).
Nigel Blakey, Managing Director, said, “It is a very exciting time for the future of our companies. This buyout is a testament to our team’s hard work, dedication, and belief in the potential of our company.”
Phil Scott commented: “We’re proud to have played a pivotal role in this transaction, demonstrating our commitment to supporting ambitious growth plans and creating more employment opportunities in the region. We look forward to seeing IGD and G&B thrive under their new leadership.”
For more information, please contact our Press team.
