Work Profile Management Buyout

Client NatWest/The Royal Bank of Scotland Invoice Finance (RBS IF) Team

Business Term loan facility providers/Invoice discounting

Situation

The existing management team of BPT Security Systems (UK) Ltd and BPT Automation Ltd –leading distributors of security equipment and support service providers for over 20 years – wished to purchase both companies. The BPT product range is extensive and covers door entry control systems, automated gates/barriers, monitors and security operating systems.

Solution

SA Law advised NatWest on the provision of a term loan facility to finance the purchase and also advised RBS IF on invoice discounting arrangements. The existing management team successfully acquired the shares of both companies from existing shareholders through a newly formed holding company “The Access Control Group Ltd”.
Howes Percival acted for the management team and Blake Lapthorn Linnell acted for one of the principal shareholders. Grant Thornton acted as tax and financial advisors to the vendors and Mazars LLP acted as reporting accountants for NatWest and RBS IF.

Comment

"BPT is a very sound business with strong prospects for the future. Throughout the due diligence and when closing the deal, SA Law provided NatWest with an outstanding standard of service, ensuring we had a very satisfied customer at the end of the deal.” Brett Alligan
Deal Manager, NatWest