Springboard Corporate Finance is pleased to announce that it has advised on the management buy-out of JB Kind.
About the deal
JB Kind Limited, a leading UK distributor of doors based in Swadlincote, South Derbyshire has been acquired by its management team, led by Managing Director, James Cadman, for an undisclosed sum. The transaction was completed with funding from Lloyds Bank.
JB Kind has a long and illustrious history, having been founded in 1870. The business now focusses on the distribution of innovative and bespoke wooden doors and associated products to builders’ merchants, and house builders.
David said, “Under James’ leadership, JB Kind has emerged strongly from the downturn in the UK construction market. The management buy-out will enable the business to further develop and broaden its product offering whilst capitalising on resurgent demand. It is clear to us that the building products sector as a whole will show strong growth over the next couple of years and will see increased M&A activity.”
How we made a difference
- Negotiated an innovative deal structure to satisfy key stakeholder objectives
- Structured funding terms on behalf of the management team with debt providers and Vendor; and
- Project managed the process throughout securing a successful completion
James Cadman - Managing Director, JB Kind
The Springboard team supported the business to develop its business plan, secure funding and deal with the intricacies of negotiating the terms of the MBO with the vendor. David Neate and his team were on hand at all times during the MBO process and were excellent in providing expert and pragmatic advice.
