Grant Thornton helps in carburettor MBO
Top ten firm Grant Thornton has helped specialist carburettor distributor Webcon complete a management buyout from its parent company Standard Motor Products Europe Ltd.
Grant Thornton’s corporate finance team acted as advisers in the deal, financed by business finance provider NBM-Heller.
Mark Tomalin, who managed the deal for Grant Thornton said: ‘On the face of it this was not a complex transaction but it did require a unique funding structure.’
Webcon, based in Sunbury, Middlesex, supplies 16,000 different stock lines and is one of the world’s biggest suppliers in the carburettor market.
Martin Eva, sales director at Webcon, said the company was impressed with the speed and flexibility with which the deal went through.