Sports Marketing Bureau completes MBO/MBI

Investee Company – Marketing Bureau (London) Limited (UK)

Investee Company Business Type – Sports-related marketing company

Type of Financing – Management Buyout/Buy-in

Equity Providers – HSBC Ventures

Equity Leader (Individual) – Jason Gould and Jon Stradling

Debt Providers – HSBC Bank, Reading

Debt Type – Senior debt and working capital facilities

Debt Leader (Individual) – Undisclosed

Equity Amount – £250,000

Total Deal Value – Undisclosed

Other Advisors – Advisors to the Management: – Osborne Clarke (Legal)

Advisors to Equity Vendor: – Nabarro Nathanson (Legal), and BDO Stoy Hayward (Financial due diligence)

Comments – The management of Marketing Bureau (London) Limited have acquired the company, with the assistance of new management and HSBC, from retiring shareholders. The company, based in Wallingford Oxfordshire, is an event marketing agency specialising in sports and has an annual turnover of approximately £2 million. The company is invoved in golf and car showroom events.

The management team was lead by the management buy-in candidate Brian Kenworthy. He said: “HSBC Ventures provided invaluable support during our negotiations with the vendor. The funding structure they arranged allows us to focus on our growth ambitions without the burden of substantial repayments in the early years.”

Jason Gould of HSBC Ventures said: “We have been impressed by the combined skills of the new management team, and are looking forward to working with the team over the coming years to help build the business to the benefit of all shareholders.”