James Cowper Kreston provide financial due diligence in Quarr Group MBO
22 January 2018
Press ReleasesJames Cowper Kreston are pleased to announce their role in the recent management buyout of Quarr Group, who provide catering, construction and building maintenance and cleaning services
Quarr Group has been in operation for 25 years and their clients include, but are not limited to: healthcare companies, universities, commercial business and local authorities.
The MBO team included the executive directors from each of the subsidiary companies, headed up by their three managing directors: Brian Warren of Nviro, Simon Ingram of Mountjoy and Nelson Williams of Pabulum.
James Cowper Kreston provided financial due diligence services to HSBC, the Group’s long term banking partner, who provided senior debt facilities to support the buyout.
Anthony Reed, HSBC’s Area Director for Hampshire and Dorset, said: “We have been a banking partner of The Quarr Group for more than 10 years and, in that time, we’ve seen the business go from strength to strength. We look forward to continuing our valued, long term relationship with The Quarr Group as they move forward with this exciting new phase of growth.”
Stuart Williams, James Cowper Kreston Partner, said: “We are pleased to once again provide support to HSBC on one of their transactions and enjoyed working with both them and the team at Quarr. We wish management all the best for the future as the group enters its next phase of development.”
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