Praise for city firm’s role in buy out

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A Milton Keynes business advisory firm has been praised for the role it played in helping the management of a Daventry company to complete a buy out.

MHA MacIntyre Hudson, in Silbury Boulevard, helped bosses Andy Miller, Paul Batson and Jamie Ward buy Meister Abrasives UK Ltd from Swiss-based trading company Abraxos Holdings AG.

Meister md Andy Miller, said: “The team saw us through to completion, whilst providing solid advice and support on all financial and tax aspects of the process, giving us confidence to get on with running the business while they got on with completing the deal. Good professional people with the knowledge and experience to get the job done – could not have been better.”

The management buy-out was led by MHA MacIntyre Hudson corporate finance partner Laurence Whitehead, assisted by director Martin Shaw and executive Sandip Odedra. Specialist corporate tax advice was provided by tax partner Rachel Nutt.

Incumbent law firm Howes Percival also advised on the legal aspects and funding was provided by GE Capital and the management team.

Meister Abrasives distributes high precision industrial abrasive products, specialising in grinding wheels

produced for precision applications in a broad spectrum of industries including automotive, fuel injection, bearing, medical, semi-conductor and aerospace.