Charles Russell Speechlys advises management on NCE buy-out
Charles Russell Speechlys has advised the management of NCE, a company which has established itself as one of the leading names in data centre services and solutions across the globe.
The founding shareholders sought to sell the business to their management team and engaged Lock Dutton Corporate Finance (LDCF), to advise them on obtaining equity house investment. Charles Russell Speechlys was then brought in to advise the management team on the legal aspects of their investments as well as debt funding arrangements.
The transaction was a complicated one, as half of the management team resided in the USA and half in the UK. There were a number of times when UK and USA tax rules caused issues for the exiting shareholders and management team.
There was also a balance of interest which needed to be carefully managed between the exiting shareholders and the continuing management team.
The management buy-out was backed by Equity Investors, Rockpool Investments and the NCE MBO team, was led by Andrew Genever (who also led the management team).
The LCDF team was headed by Craig Hewitt-Dutton and Andrew Lock, while the Charles Russell Speechlys team was managed by Corporate Partner Geoffrey Sparks, with assistance from Corporate Senior Associate Jonathan Steele.
News & Insights
Bad AGMs (and how to avoid them) - January 2018
Essential tips to help avoid difficult AGMs - this year in a crisis management context.
Charles Russell Speechlys advises Duco Technology Ltd on $28m equity fundraising with Insight Venture Partners and others
Duco provides self-service data engineering in the cloud.
Charles Russell Speechlys advises Berkshire Hathaway subsidiary Shaw Industries on acquisition of STS
Shaw is the largest carpet tile manufacturer in North America, with annual revenues of almost $6billion.