Lead adviser to management on an MBO from an AIM Listed company
Operating within an exceptionally short time frame, Haslers Corporate Finance LLP (HCF) was appointed to advise the management team of The Talent Business Limited, a global search business operating in the advertising and media sectors.
HCF completed the management buyout of the global Talent Business Group from struggling AIM listed parent, Hatpin plc, from instruction to completion in just 2½ weeks.
Haslers´ role included not only advising on the acquisition and structure but, vitally for the management team, considering and proposing how to build in a significant staff incentive scheme in the form of both share option and bonuses.
The deal has initially been fully funded by the management team and family with a majority stake but it is envisaged that, in Q1/Q2 2008, a re-financing with bank debt will be completed, with HCF co-ordinating the project.
