SOLD TO:

Management Buyout

INDUSTRY:

Technology & Media & Telecoms

Custom Sight & Sound deliver and support integrated residential and entertainment systems for private clients and property developers.

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Avondale were approached by the management buy-out team, who already had small shareholdings, to purchase the business outright. They wanted to ensure that value of the business independently verified and secured for both sides on the right terms in an orderly basis.

The team dynamic and personal relationships had always been strong and the team were keen to maintain this ethos. Avondale helped the parties to understand a commercial, open market valuation and the discounts that might apply to both minority shareholders and management buy-outs. They also helped the team to better understand the model and cash flow headroom available to fund any buy-out  transaction.

Avondale provided advice throughout the process helping terms to be agreed between the parties and a successful completion. The team are already working hard on their next phase of growth having already secured a  number of additional key projects and flagship contracts.

Thank you for your assistance in our buyout. We completed a week ago, and all of us are happy with the result. I do not think that we could have got here without Avondale though. I certainly know who to contact when the time essentially comes for me to sell my holding.
Giles CharmanCustom Sight & Sound

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