The Momentum team did an incredible job, our previous deal collapsed in August 2005 and Momentum persuaded the vendors to accept a new deal and project managed that deal to completion in under six weeks, I could not recommend Momentum highly enough.
Simon Quillish, Managing Director of Hall & Kay
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Momentum advised the management team and Barclays Ventures in the Management buy out of Hall and Kay Fire Engineering Ltd (“Hall & Kay”).

Hall & Kay has a turnover of over £40 million and is the second largest fire protection business in the UK. It installs and maintains sprinkler devices in a wide range of commercial properties.

Hall & Kay was purchased in a £21 million deal that saw the management team acquire a majority equity interest in the business. Barclays Ventures invested for a minority equity stake and debt was provided by Barclays Bank.

Key features:

The management team achieved a 60% equity stake in this £21 million deal for a combined investment of less than £500,000.

As part of the funding arranged by Momentum the management team investment was obtained secured only on the shares.

The deal was completed in less than six weeks from granting of exclusivity.

Momentum assisted with business planning, formulating detailed financial forecasts, deal negotiation as well as overall project co-ordination.

A break fee was required to be paid to the vendors in order to secure exclusivity for this deal. That break fee was provided by Momentum – we are entrepreneurs too!

Momentum’s role with Hall & Kay has continued with the provision of regular board input and advice.