Assay Corporate Finance advise on Naismiths VIMBO

Assay are delighted to have advised the shareholders of Naismiths Limited, a leading UK multi service real estate consultancy business, on its recent Vendor-Initiated Management Buy Out.


The transaction was led by Mark Asplin and Greg Fowler of Assay, who since being engaged 18 months ago to conduct a strategic review of the business, have worked alongside the management team leading up to and throughout the execution of the transaction.


Assay negotiated the transaction between the vendors and the management team in addition to helping raise bank funding to facilitate the deal and service the ongoing growth plans of the business.


Blane Perrotton, Managing Director of Naismiths, said “Mark and Greg have provided us all with excellent support and advice in relation to this transaction. Following on from their strategic review of the business in 2016, of which a number of key observations have been implemented for the better, we did not hesitate to involve them again.”


Mark Asplin, of Assay, said “We have worked closely with Naismiths for a period of time now and we are delighted to have helped facilitate a successful transaction to suit all stakeholders and transition Naismiths into its next chapter of successful growth and profitability. We look forward to continuing to support Naismiths in the future.”


Legal advice was provided by Gateley (vendors) and Freeths (management). ABN Amro supported the transaction with funding.


For more information on this contact Greg by clicking here.