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Network Research & Marketing Ltd
Transaction: Management Buy-Out
Sector: TMT
Completed: March 2012
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 management buy-out allows the majority shareholder to retire and incentivizes management to continue growing the company over the coming years.
Maxine Hennessy, formerly of Centric Commercial Finance commented, “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 and 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 and indeed makes them easy and fun partners to work with.”
Darren Thompson, Director 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.”
