Management Buyout of Tessella Limited
HMT, led by partner Andrew Thomson and associate director Holly Bedford, advised Newco and existing management on the management buyout of Tessella Limited. Mobeus Equity Partners supported the buyout and founder Kevin Gell retains a significant minority stake plus continues to serve as a board member.
Founded in 1980, Tessella is an international provider of science powered technology and consulting services. World leading organisations choose their unique blend of science, engineering and sector expertise to deliver innovative and cost-effective solutions to complex real-world commercial and technical challenges.
Kevin is joined on the board by Managing Director Alan Gaby, along with Jon Tilbury, Grant Stephen, Stephanie Elliott, new Chairman Steve Curl and Guy Blackburn from Mobeus.
Alan Gaby commented:
“HMT, using their experience and expertise, provided the required assurances, such that Management could concentrate on the business aspects of the deal, with full confidence that the structural aspects were taken care of. HMT were engaged early in the process, before a financing partner was chosen and their support, responsiveness and clarity of advice proved a very valuable contribution, before and during the negotiations. I would not hesitate in using HMT in the future or recommending their services to others.”
Andrew Thomson commented:
“We are delighted to have advised Alan and his team on their MBO. Tessella operates in an exciting market and we look forward to working with the management team as the company embarks on its next stage of growth.”