Momentum Corporate Finance acted as lead adviser on the management buy-out of Taylor Maxwell Group Limited, a leading supplier of timber, brick, cladding systems and ancillary products. The terms of the transaction were not disclosed.

The transaction allowed control of the business to be passed to a new generation of management whilst allowing the retiring shareholders to realise the value of their shareholdings.

The transaction was financed with debt facilities from Lloyds TSB Commercial Finance.

The Taylor Maxwell Group is one of the United Kingdom's leading brick and timber merchants with over 24 branches nationwide and a turnover in excess of £130 million.

Key features:

  • The deal was the third management buy-out that the company has successfully been through.
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  • Momentum assisted with structuring the transaction, preparation of the detailed financial forecasts, deal negotiation as well as overall project co-ordination.
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  • The transaction was structured to give Taylor Maxwell a strong equity capital base.