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News
Tuesday, January 16th 2007 Alexander & Co Corporate Finance Partner, Stephen Verber, has created a windfall deal for entrepreneurs Oliver Kay and Tony McDonald. When Mr McDonald approached Stephen asking for advice on how to exit his investment in Oliver Kay Ltd, a Bolton based Fruit and Veg distributor, he had thought the only way out was via a trade sale. However Mr McDonalds partner, founding director Oliver Kay, being only 35 did not want to retire yet. Stephen's solution was to introduce Manchester based equity house Aberdeen Asset Managers Growth Capital who have now taken a significant equity stake. This enabled Mr McDonald to realise full value for his shares, Oliver to receive a significant sum for part of his shareholding and to become majority shareholder in the business going forward. "This demonstrates our ability to create original solutions to difficult problems" said Verber. In a deal worth £17m, all parties believe they have obtained full value for money. This deal is another one of many in the retail and distribution sector that Alexander & Co have advised on in recent years. It demonstrates yet again our knowledge and experience of the sector. < Back to News Headlines |
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