Corporate finance experts from Bristol-headquartered law firm Burges Salmon have advised the shareholders of leading design and innovation consultancy Kinneir Dufort on its management buy-out.
As reported by Bristol Business News last week, the deal to acquire Bristol-based Kinneir Dufort was backed by equity investor Mobeus.
The Burges Salmon team acted for Kinneir Dufort’s shareholders on all legal aspects of the transaction including advising on corporate, tax and incentives.
Burges Salmon head of corporate finance Richard Spink, pictured, said: “We are very pleased to have worked with the shareholders of Kinneir Dufort on this strategic buyout supported by Mobeus.
“The deal allows management to invest further in the growth of the business alongside Mobeus and for a number of the shareholders to realise value in their longstanding interests in the group.”
Sean Devane, on behalf of the Kinneir Dufort shareholders, said: “Burges Salmon’s advice, experience and commercial guidance was essential in helping us to navigate what was a complex process, from the early stages of heads of terms to detailed final documents. They worked closely with us as a team throughout and provided an invaluable interface with the buyer team.”
Kinneir Dufort was founded in 1977 by Ross Kinneir and Francis Dufort and has grown to a company that now comprises a team of 75 with expertise in research, innovation, human factors, UX, brand and packaging, product design, engineering, prototyping and technology.