InsightsNews - Corporate, Banking and Finance - POSTED: January 12 2021
Brachers advises on the management buyout of Form Workplace Solutions
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Brachers has acted for the management team of Buckinghamshire-based Form Workplace Solutions on its successful management buyout (MBO).
Form Workplace Solutions is a leading specialist office interiors contractor offering comprehensive design, build and refitting services to clients nationwide, including BPP Professional Education, Bühler, Kuwait Petroleum and the British Medical Association. This year the business has evolved to meet the changing needs of clients in light of the COVID-19 pandemic, with an increased focus on safety, space and creating workspaces for smaller, highly mobile workforces.
The deal was led by Corporate Partner Matt Simmonds with support from Commercial Property Partner Emma Andersen, solicitor Alistair Wickham and trainee solicitor Sunil Landa. Abri Coetzee of The Advisory Firm provided Corporate Finance advice on the transaction.
Quentin Stacy, Director and former owner of Form Workplace Solutions said: “I am extremely grateful to Matt Simmonds and the team at Brachers, together with Abri Coetzee and the team at The Advisory Firm, for all of their support during the process. Matt and his team were excellent, giving us clear advice and guidance at the right time to ensure our deal completed on time.”
Michael Howard, Director and part of the MBO Team of Form Workplace Solutions said: “The new management team at Form Workplace Solutions has worked together for several years and the company’s founders will remain with the business for the foreseeable future. Combining our expertise will ensure we are in a great place to capitalise as the economy begins to return, enabling us to continue to offer the high levels of service and quality workmanship Form Workplace Solutions is known for.
“I would like to thank Matt Simmonds and Abri Coetzee for their fantastic advice to us. They were a key part of our team and we could not have achieved a successful completion without them.”
Matt Simmonds, Partner at Brachers said: “This has been incredibly difficult time for the office interiors sector, but Form Workplace Solution has had a comparatively strong year primarily due to the strength of its leadership team, who have innovative ideas about how modern offices will change following the Covid-19 pandemic. We look forward to working with them in the future. Congratulations also to Abri Coetzee of The Advisory Firm for leading the transaction from concept to completion and for his excellent advice throughout.”
Abri Coetzee, Director at The Advisory Firm said: “The MBO team have incredible potential and vision which will enable them to continue to deliver innovative and effective workspaces for their clients; this is a rock-solid business that has weathered many storms and this year was no different. Matt and his team at Brachers are extremely knowledgeable and commercially minded and we look forward to working together again soon.”
The MBO Team includes Michael Howard, Dean Chapman and Chris Harding, who have all worked in the business for a number of years and are well known in the sector. The former owners Quentin Stacy, Graham Macey and Gary Dover will remain in the business as part of the company’s leadership team to ensure continuity, and retain minority shareholdings.
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