Case Study: Network Research
- Deal size:
- Management buy-out
- Deal completed:
- March 2012
Meridian Corporate Finance LLP (“Meridian”) advised the management team of Network Research & Marketing Limited (“NRML”) on the acquisition of the company from its existing shareholders.
NRML based in London, provide clients with insight to customers and market perception of brands .The buy-out allows the majority shareholder to retire whilst and incentivizes management to continue growing the company over the coming years.
Comment from Maxine Hennessy of Centric commercial finance “The Meridian Team were fantastic partners to work with on the Network Research & Marketing deal. The transaction was complex with contractual collateral that was far from favoured in the ABL world but with the support & creative thinking on Meridian’s part, Centric found comfort enabling not only the financing of the complex receivable but also in providing additional facilities, thereby exceeding the client’s expectations. Meridian’s innovative approach earns them the respect of the local corporate community & indeed makes them easy & fun partners to work with.”
Joe Jeffers, associate partner at Meridian commented “The purchase of NRML provides management with a great opportunity to build on the company’s reputation and continue to grow over the coming years. During the process we approached a number of banks and finance providers; ultimately Centric were able to provide the right mix and level of funding to unlock the deal. We wish the new management team the best of luck in their continued involvement with the company.”