Bishopsgate advises Replay Maintenance on its YFM backed MBO
Location
Sector
Deal Type
Value
Bishopsgate has advised the shareholders of Replay Maintenance, one of the UK’s leading providers of synthetic sports surface maintenance and installation on its YFM Equity Partners backed management buyout.
Replay Maintenance headquartered in Long Bennington, East Midlands, has a 20-year track record in delivering service and maintenance contracts for synthetic sports surfaces across the UK. It has established itself as a market leading specialist in the maintenance of athletics tracks, 3G pitches, tennis courts, water-based hockey pitches and sand-filled/dressed sports surfaces.
Replay’s expert team of field operatives uses a range of specialist equipment and machinery to service a diverse array of clients, including universities, schools, leisure centres, and various county football associations. The company has also been entrusted with preparing athletics facilities for major international competitions held in the UK, such as the 2012 Olympics and the 2014 and 2022 Commonwealth Games.
YFM’s £6.5 million MBO investment will help Replay to achieve further growth by building upon its existing client base, pursuing new business and cementing its position as UK market leader.
YFM is supporting incumbent Managing Director, Nick Harris, in leading the buyout. Nick Harris has been with the business since 2012, initially joining as Business Development Manager. Nick is joined by Amy Hart, Tony Aitchison, and Sean Cook to form the management team.
Bishopsgate Advisors
Morgan Atherton
Joe Bates
Rob Carroll – previous Chair of Replay Maintenance
Many thanks to Bishopsgate for their unwavering support and expert guidance during the process. Their understanding of the business and the priorities of all the various stakeholders in the transaction, plus their knowledge and experience of private equity deals were invaluable in achieving a successful outcome. Morgan and the team were reassuringly professional and commercial in their approach and provided quality, value-added advice at all stages. We’re all very pleased to have chosen Bishopsgate to advise on this important transaction and we’d have no hesitation in recommending them to other business owners contemplating M&A deals.
Morgan Atherton – Managing Partner, Bishopsgate Corporate Finance
We’re delighted to have orchestrated this successful deal which will help Replay and its management team achieve the next phase of its exciting growth journey. Collaborating closely with the exiting shareholders, the management team, YFM and other advisers, Bishopsgate leveraged its deep expertise and experience in mid-market private equity M&A to achieve a great result for everyone involved. It was a pleasure working with Rob, Garry, Nigel and Richard during this complex and multi-faceted transaction and we wish both Nick and the team, and YFM, every continued success.
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