RVW Management Buy Out

A new management team at RVW Consulting, a multi-disciplinary engineering consultancy firm looks back over the last 10 months after a management buyout.

KTS Owens Thomas led the process from beginning to end

RVW Consultancy, based in Cardiff, provides an end-to-end service for clients, from site acquisition, planning and detailed design to construction support and fit out.

The firm’s disciplines include civil, structural, geo-technical and geo-environmental planning plus complementary services like development planning, traffic and highways engineering, conservation and project management.

RVW incorporated in 2001, having run as a partnership since 1989.  Founders Ray Hancock and Simon Walrond first started to think about a succession plan in 2014-15 and looked to their in-house team for a good solution. Ray and Simon sought specialist advice from KTS Owens Thomas who then supported them throughout the succession plan.

The 3 year succession plan

Significant time was spent with experts at KTS Owens Thomas to gain an understanding of:

  • shareholders’ internal business housekeeping needs
  • a valuation for the business
  • an understanding of the process from all perspectives
  • knowledge of what funders look for – historical financial performance/forecasts
  • the team and their attributes and the future opportunities for the business and
  • how a management buy-out could be structured, funded and executed

KTS Owens Thomas supported RVW through the entire process including:

  • Drafting the business plan
  • Preparing financial forecasts
  • Delivering the proposal to funders
  • Following due diligence
  • Legal completion

KTS Owens Thomas has expertise in Corporate Finance matters including succession planning support (MBOs).  For further details on how we might help your firm, please don’t hesitate to contact our team by email or by ringing 029 2082 9000.

What the client said

“The deal structure was put forward by KTS Owens Thomas was reviewed and accepted by Finance wales, a testament to the work they had done.  KTS Owens thomas steered us through the process, funding a suitable funder, recommending solicitors and acting as mediators keeping the process on track to completion.  The financial acumen provided led to a fair and affordable MBO, ensuring a bright future for the business and staff. Their support has been tremendous with genuine understanding of our business needs.”

 

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