Acquisition of Reflex Limited
HMT advised Mr Andy Brymer, managing director, on the acquisition of Reflex Limited, the Reading-based re-seller of audio visual equipment. Reflex Limited was established in 1983 to exploit the opportunity for providing solutions for displaying computer generated images to end users. The business now employs 32 staff and sells principally to the corporate, MOD and education market.
The opportunity to purchase the business came about when the Board of the parent company, Visual Presentation Holdings Limited, decided that they wished to dispose of Reflex to focus on its distribution businesses.
HMT acted as financial advisors to Mr Brymer, which included business planning, negotiating a funding package with the Bank of Scotland, together with negotiations with the vendors and their professional advisors.
Andrew Thomson commented:
“We are delighted to be involved in the acquisition of Reflex by Mr Brymer. The Business has an extremely strong track record with its existing management team and believes its strategy of continuing to exploit other niche markets will ensure its continued growth and success.”