About the client
Hall Fire Protection is an established business offering independent fire suppression engineering services to a wide range of customers, covering design, fabrication and installation. Previously a 3i investee business, Hall Fire Protection was an owner managed business.
About the deal
Rickitt Mitchell advised the shareholder on the sale of his company to a management buyout team and project managed the transaction through to a successful completion. Competing bids were sourced to ensure a fair price was achieved, with the vendor choosing not to take a higher bid in order to honour his commitment to his team.
“Using a structured deal with vendor loan notes and retained equity enabled the management team to take majority ownership without recourse to an external equity provider.”Brian Higgins | Partner | Rickitt Mitchell