Our Corporate Finance team advises Panoramic Growth Equity on the MBO of Full Circle Events & Exhibitions Limited and Psycho Peacock Limited (‘the Group’)

Our Corporate Finance team, led by Brad McAvoy and Nikul Patel, recently provided financial and tax due diligence to Panoramic Growth Equity on the management buyout of Full Circle Events & Exhibitions Limited and Psycho Peacock Limited (‘the Group’).

Panoramic Growth Equity (PGE) was set up in 2009 and invests between £2m and £8m in UK based companies, that have a turnover of more than £3m and the potential for growth, covering a range of sectors and a variety of transactions including development capital, replacement capital and management buy in/buyouts.

Founded by Steve Barratt and Helenya Jones in 2013, Full Circle is an end-to-end event exhibition services business with in-house graphics provided through sister company Psycho Peacock. The Group has established a significant position in the UK events industry over the past five years and whilst the industry came to a standstill during the pandemic, tactical investment through that period has led to a strong recovery. The Group now serves some of the largest event organisers and venues across UK and Europe.

Steve Comar, Managing Director, added “The MBO sets the stage for continued growth and innovation in both Full Circle and Psycho Peacock. We are excited to have two strong, like-minded commercial partners in Panoramic and Shawbrook, who will be supporting us on this exciting next phase. As a business, we are firmly focussed on bringing out the best in our teams, clients, and events, and channelling all our distinctive Mancunian energy into supporting the industry we love.”

David Wilson, Partner at Panoramic, commented “We are delighted to support Steve and the rest of the team in the acquisition of Full Circle and Psycho Peacock. We are very excited at the prospect of backing an experienced management team, to now build from their existing position in the events and exhibitions market. We also look forward to working with Dan Martin and the rest of the Shawbrook team, with their support, we are confident we can help management continue to drive the success of the Group.

Brad, Nikul and the James Cowper Kreston due diligence team provided valuable insights and support during the transaction and enabled us to make informed decisions to ensure a successful completion.''

Brad McAvoy, Corporate Finance Partner at James Cowper Kreston said, “We were delighted to work with David Wilson and his team at PGE on another transaction. With the support of PGE, we look forward to seeing Full Circle Events & Exhibitions Limited and Psycho Peacock Limited achieve its growth potential and expand its national and European market position.”