Forward complete management buyout of MHP Industries

Forward Corporate Finance is delighted to announce the successful completion of the management buyout of MHP Industries Limited by one of the founders and directors, Mark Hipgrave and his wife Gina.

MHP Industries based in High Wycombe was founded in 1972 and is one of the UK’s leading vacuum forming and toolmaking companies.

Rob Dukelow-Smith of Forward Corporate Finance has worked with the founders of MHP Industries over the last year or so to consider the future development of the business. The management buyout enables Mark Hipgrave to take full ownership of the business and continue its growth.

Mark Hipgrave, owner of MHP Industries commented, “Rob has provided excellent support to me throughout the process. His advice has been invaluable in finding solutions to problems and navigating the transaction.”

Rob Dukelow-Smith from Forward Corporate Finance commented, “Having worked with Mark over the last year, I am delighted to see this transaction complete. I wish Mark and the business every success in the future.”

Thanks also go to Mark Stigwood and the corporate team at Attwaters Jameson Hill and Diane Ruskell and the team at Ruskells Chartered Accountants representing the management team, and to Sing Li at Machins LLP acting for the vendors.

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Management buy outs are another way of buying or selling a business – it is a sale of the business to a management team. However, in most cases, you as a group of managers will not have the funds to buy the business and will require assistance from banks, private equity and the vendor.

As businesses revenue streams and service delivery continue to evolve, the debt market tends to follow suit. Access to sufficient liquidity is critical for financing working capital, growth, capex, and a partial/full exit. Whether you are an asset heavy, or more service orientated operator, there are a broad range of debt finance instruments available to help meet both your current, and future cash requirements.