Syndicate of investors back MBO of TMI UK.

Investee Company – Chiaros Holdings Limited, formerly the UK arm of TMI.

Investee Company Country – United Kingdom.

Investee Company Business Type – Business and office management consultancy services.

Type of Financing – Management Buyout.

Equity Providers – ProVen Private Equity, Barclays Ventures.

Equity Leader (Individual) – Roger Penlington of ProVen Private Equity.

Debt Providers – Bank of Scotland Structured Finance.

Debt Type – Senior debt and working capital facilities.

Debt Leader (Individual) – Paul Scott.

Equity Amount – Undisclosed.

Total Deal Value – £4.5 million.

Other Advisors – Wilcox Lane and Clutterbuck, Grant Thrornton (Management), Manches (Chiaros Holdings), Smith and Williamson, Taylor Joynson Garrett, and DLA (Equity syndicate), Field Fisher Waterhouse (Vendor), Osbourne Clarke (Bank of Scotland).

Comments – TMI was established in Denmark in 1975. Three years later, the company licensed its activities to Labinah Management Services Limited for the UK, Ireland, and Cyprus.

TMI aims to help businesses achieve commercial success with consulting, learning solutions and implementation tools, so that customers are both satisfied and provided with an environment where they can grow and develop.

Roger Penlington of ProVen Equity led the equity syndication supported by Barclays Ventures, whose investment was managed jointly by Richard Bucknell and Liz Jones from the Birmingham and London offices and Re-Org Solutions Limited.

Debt and working capital facilities were provided by Bank of Scotland, Structured Finance.

Re-Org Solutions Limited will become a strategic advisor to the new business.

Richard Aherns, principal of Re-Org Solutions Limited, and Roger Penlington of ProVen will join the new company’s board of directors.