Shoosmiths advises on quick-fire MBO for a2e

Shoosmiths advises on quick-fire MBO for a2e


Author: Alastair Gray

Shoosmiths' corporate team has helped a Manchester venture capitalist back the management buyout of a specialist maker of aluminum doors and windows.

It took just five working days to help complete the MBO of Formes Alutek Limited by a2e Venture Catalysts.

Senior associate and corporate specialist Karen Procter led the Manchester-based team with support from corporate solicitor Kelly Harvey, and with input from partner Graham Hall (banking), and senior associate Neil Bradley (real estate).

Procter said: "This was a very quick turnaround MBO. Whilst we knew a2e was considering the investment, Shoosmiths was only formally instructed on 20 September.

"We completed the acquisition of Formes Alutek, and the new equity documents, just five working days later, on 26 September."

Turner Parkinson's Stephen Hadlow acted for the shareholders of Formes Alutek.

Formes Alutek is a specialist manufacturer of aluminium door and windows, many of which are supplied to local authorities for schools, colleges and leisure centres, as well as to the construction industry for commercial new builds.

a2e Venture Catalysts is the corporate finance and private investment banking business of Manchester venture capitalist Amin Amiri.