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Management buy-outs of Supply Plus Limited and Todd Research Limited

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Management buy-outs of Supply Plus Limited and Todd Research Limited

Management buy-outs of Supply Plus Limited and Todd Research Limited

We have recently assisted with the linked management buy-outs of Supply Plus Limited and Todd Research Limited, investee companies of private equity firm Spring Ventures.

Previously part of the same group, the acquisitions of Supply Plus and Todd Research in two simultaneous management buyouts now sees the companies separated.

Supply Plus designs, manufactures, supplies and distributes a range of safety and fuel delivery equipment to a wide customer base, exporting to over 40 countries in the past 12 months. Complete ownership of the business is now with the senior management team and fully UK based.

Todd Research is a global expert in threat detection X-ray equipment. Todd Research develops, supplies and maintains X-ray metal detection and blast suppression equipment for public and private organisations. Ownership of Todd Research now sits with Spring Ventures and the Todd Research management team.

The management buy-outs were partially funded by Spring Ventures, and the Supply Plus buyout was partially funded by IGF Business Credit Limited.

Derek Gotts, Managing Director of Supply Plus commented: “We really enjoyed the work ethic, direct approach and enthusiasm of the EMW team. We came to a successful conclusion, and look forward to working with EMW again in the future.”

John Hudson, Managing Director of Spring Ventures, commented: “The EMW team managed a complicated process. They were active and supportive throughout the transaction and we thank all that were involved”.

Ian Morris, Principal in our Corporate team also commented: “It was a pleasure to have had the opportunity to assist Supply Plus and Todd Research in these transactions. They both involved a number of interesting challenges. We wish both companies all the best for their independent futures”.

The team was led by Ian Morris, assisted by Daisy Divoka, James Wood, Hollie Tompkins, Emma Bulleyment, Amanda de Bruyn (Corporate team), Natalie Ingram (Commercial team) and Mehraj Enus (Real Estate team) .

Our Corporate team advises companies, management teams, investors and debt providers from business start-ups through to mergers and acquisitions, management buyouts, development funding and exit.

For more information about this deal please contact Ian Morris, or give us a call on 0345 070 6000.