The corporate finance team at Berry Smith has acted in respect of the sale of Clarks Modular Buildings Limited to the management team. Clarks Modular Buildings is based in Cardiff and provides a bespoke service of design and installation of modular buildings to customers nationally. It has a varied customer base which includes the education, sport and construction sectors.
The transaction provided Ian Clark, director and sole shareholder, with an exit from the company following a number of years as MD of the business. The team at Berry Smith were delighted to assist Ian and worked closely with him ensuring the smooth progress of the sale through to completion.
Owen James, who led the transaction for Berry Smith, commented ‘We were thrilled to assist Ian in his exit from the business through the sale to the management team. The complex structure of the transaction required us to draw upon expertise from across the firm to provide the client with a seamless service. We wish the management team every success in the future.’
The corporate finance team at Berry Smith acts on behalf of private and public companies, management teams, investors and debt providers. We work with businesses from start-up, investments and through to mergers and acquisitions, MBO and MBI transactions.