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Meridian provided advice to the operational shareholders and management on the secondary buy-out of HCR Group Ltd.
The HCR Group is the UK's largest independent relocation services company. Established for 25 years and previously known as Countrywide Mobility Partners, HCR offer a complete range of employee relocation and rental accommodation services on both a national and international basis.
HCR, based in Basingstoke, Hampshire, was originally subject to a management buy-out in June 2000 when Michael Barcia advised the current managing director Andrew Finney and his team on their acquisition from Countrywide Assured Group plc.
Legal advice was provided by Shaun Kelly of Lamport Bassitt, with funding provided by Fortis Bank, both of whom transacted the original MBO.
The transaction provides an exit for the non operational shareholders of the business.
Commenting on the transaction Michael Barcia, Director at Meridian said "It is always nice to keep in touch with prior clients and to help them further enhance their equity stakes in businesses. HCR is a quality business with a proven track record and I look forward to working with Andrew Finney and his team in continuing the growth of the business."
