ICFG UK advised on the MBO of OMM
HMT acted as lead advisors to the management team which included assessing the strategic options, identifying suitable funding partners, negotiating detailed investment terms, newco structuring, financial modelling and project managing the deal to a successful completion.
“HMT were mandated to find the right funding partner to support the management buyout of the company but also one that will allow OMM to accelerate its growth plans over the coming years. Andrew and Ricky spent time with us to understand OMM’s value proposition, our market position and the cash flow requirements of the business and ran a competitive process to optimise the funding terms. During the process they provided invaluable support and valuable commercial advice, both in terms of the fundraising and the negotiations with the exiting shareholders.
The management team are now fully aligned to take the business forward and we look forward to working with HMT again on future projects.”
Stuart Thompson, Director at ThinCats commented:
“It is a pleasure to work with ambitious businesses like OMM and we are excited to support Howard, Yousaf and their experienced management team through their next phase of growth. We thank Ricky and the expert team at HMT for their diligence and collaborative approach and we look forward to working together on future funding.”
Ricky Lane commented:
“We are delighted to have advised Howard, Yousaf and the management team on this transaction. OMM operate in an exciting niche of a growing market and, having successfully grown the business over the past 20 years, the funding structure provided by Thincats will allow Howard and the team to further capitalise on OMM’s industry leading position. We wish the team every success and look forward to working with them again on future transactions.”