Veyron is a leading multi-site UK motor vehicle parts and spares supplier to independent garages.
Originally part of a larger group, Veyron’s management team were looking to take the business in a new strategic direction to enhance revenues and margins. Stakeholder management was key as support from multiple unconnected parties was necessary to enable a transaction to complete.
BDO’s Special Situations M&A team, in conjunction with the Restructuring and Advisory Group worked with the management team to identify an opportunity to structure an MBO with support from multiple stakeholders.
The MBO successfully completed in conjunction with a working capital facility from a new finance provider that underpins the Company’s strategy and should secure the long term future of the business with significantly enhanced profitability and cash generation.