Management buyout of Xeretec Office Systems Limited
HMT advised Mr Mark Duffelen and Mr Alyn Jenkins on the sale of Xeretec Office Systems Limited to the MBO team for £2.5 million via Albion House Finance Limited.
Xeretec sells and distributes the entire range of Xerox document production hardware and Office Supplies. Xeretec was appointed with Premier Concessionaire status in 1996. Since 2000, Xeretec has been recognised by Xerox Europe as one of the largest Concessionaires in Europe being awarded the Xerox Concessionaire of the Year, and European Reseller of the Year.
HMT acted as Lead Advisors in the transaction.
“Given the relationship between the MBO team and vendor, this was a straight forward transaction. The management team is highly experienced and well placed to take the business forward.”