Hydromarque management buy in success sees deal nominated for award

Posted on 13th May 2021 by Streets

Image to represent Hydromarque management buy in success sees deal nominated for award

Peterborough based Hydromarque is a leading distributor and supplier of water pumps and spare parts to the food, wastewater, fuel and agricultural industries.

With a well-established and strong management team the Directors wanted to secure the future of the business and an exit plan through a management buy in. In this particular scenario the management buy in saw BCF Equity Partners take a controlling stake in the Hydromarque group but with the existing shareholders and management team remaining in place.

Adam Aisthorpe, Corporate Solicitor and Managing Director of Streets Law, the dedicated and standalone legal services practice of Streets Chartered Accountants, along with Streets Partner Jon Day, advised and supported the client in terms of the structure of the transaction and the financial and tax implications. 

Nigel Moore, Corporate Partner at Buckles and his colleague Nichola Stephens were the legal advisors to BCF Equity Partners, the private equity arm of Bishopsgate Corporate Finance. Crowe LLP also advised the buyer on the financial due diligence aspects of the deal.

Commenting on the transaction Adam said: “The deal was a complex one in that it involved a new holding company, roll over equity for certain sellers and also loan notes, which were secured by a debenture in favour of the sellers. We also simultaneously advised on a shareholders agreement between the sellers and the buyer in the new acquiring company, Hydromarque Group Limited, put new service agreements in place for the main sellers who were remaining as employees and directors of the group and advised on the extraction of the main commercial/office premises to a new property holding company.

“Given this background it was great to have worked with fellow professionals with a desire for an outcome that was commercially attractive and that satisfied all those involved. It shows the strength and depth we have at Streets in being able to successfully advise clients on deals of this nature and complexity.”

The success of the deal transaction and the role of those professional advisers involved in it has been recognised through the deal being nominated and shortlisted for an award in the Dealmaker Awards 2021, for the under £10m deal category for the East Midlands.


No Advice

The content produced and presented by Streets is for general guidance and informational purposes only. It should not be construed as legal, tax, investment, financial or other advice. Furthermore, it should not be considered a recommendation or an offer to sell, or a solicitation of any offer to buy any securities or other form of financial asset. The information provided by Streets is of a general nature and is not specific for any individual or entity. Appropriate and tailored advice or independent research should be obtained before making any such decisions. Streets does not accept any liability for any loss or damage which is incurred from you acting or not acting as a result of obtaining Streets' visual or audible content.


The content used by Streets has been obtained from or is based on sources that we believe to be accurate and reliable. Although reasonable care has been taken in gathering the necessary information, we cannot guarantee the accuracy or completeness of any information we publish and we accept no liability for any errors or omissions in material. You should always seek specific advice prior to making any investment, legal or tax decisions.

Expert insight and news straight
to your inbox

Related Articles

Boost Your Restaurant's Cash Flow with These Top Tips!

Maintaining a healthy cash flow is crucial for the success of any restaurant. Here are five key strategies to get you started: Optimise Menu Prices Ensure your dishes are priced for both competitiveness and profitabilityStreamline InventoryReduce waste and free up cash by using smart inventory management techniquesNegotiate with SuppliersBetter terms ...

Property Finance - unlocking opportunities with confidence and support

Exploring, navigating and understanding the complex landscape of property finance options can not only be time consuming, but hard to understand with the diverse range of financing options that are available in the market. It is essential from the outset for business owners to carefully evaluate their financing and ...

Closing a limited company

There are a number of reasons why you may need to close your limited company. This could be because the company structure no longer suits your needs, your business is no longer active, or the company is insolvent. You will usually need the agreement

You might also be interested in...