The management team of Equiom, advised by Springboard Corporate Finance, has completed a secondary management buy-out.
About the deal
Equiom is a leading provider of fiduciary and administration services and is headquartered on the Isle of Man. The business employs more than 100 staff across offices in the Isle of Man, Jersey and Malta.
The deal was backed by LDC who supported the management team led by Group Managing Director Sheila Dean. It represents a successful exit for ISIS Equity Partners who supported the original MBO of the business in 2006 from Anglo Irish Bank.
Springboard acted as advisors to the management team of Equiom. Simon Ward, who led the transaction for Springboard, commented “We are delighted to have supported Sheila and her team on this deal. They have built an exceptionally strong business with great prospects. With the support of LDC they are ideally positioned to continue to deliver.”
How we made a difference
- Advised management team throughout all stages of the institutional auction process
- Ensured selection of best partner for the team moving forward
- Negotiated and project managed delivery of optimal deal
Sheila Dean - Group Managing Director, Equiom
Our brief to Springboard was that from the outset it was imperative that the present and future interests of Equiom's management shareholders were protected. I am pleased to say that at all times throughout our relationship with Springboard they worked tirelessly to ensure that they secured the best deal possible for management.