Deal Background
The Forshaw Group, based in Liverpool, provide property restoration and full building repair services, predominantly on behalf of insurance companies, for damage to commercial and residential properties caused by fire or flood.
Established in 1948, the company was a second generation family-run business prior to the MBO by the current executive management team of Liam Hanlon and Jay Calvert.
How Langtons Helped
Langtons acted as Lead Advisors to the shareholders of the Forshaw Group, helping to set up the initial structure of the deal and present the information to both the management team and potential funders.
Langtons also provided support for the shareholders throughout the whole process, from Financial Due Diligence to Legal support, as well as providing specialist tax advice.
Results
Merseyside Special Investment Fund (MSIF) were identified by Langtons as a suitable funder for the MBO.
The MBO was successfully completed and all parties were extremely satisfied with the deal.
