Corporate finance experts from Burges Salmon have advised the shareholders of Bristol-based Kinneir Dufort Limited, one of the UK’s leading design and innovation consultancies, on a management buyout backed by equity investor Mobeus Private Equity.
The Burges Salmon team acted for the shareholders on all legal aspects of the transaction including advising on corporate, tax and incentives.
Lead partner Richard Spink, head of Corporate Finance at Burges Salmon, said: "We are very pleased to have worked with the shareholders of Kinneir Dufort on this strategic buyout supported by Mobeus. The deal allows management to invest further in the growth of the business alongside Mobeus and for a number of the shareholders to realise value in their longstanding interests in the group."
Sean Devane, on behalf of the Kinneir Dufort shareholders, said: “Burges Salmon’s advice, experience and commercial guidance was essential in helping us to navigate what was a complex process, from the early stages of heads of terms to detailed final documents. They worked closely with us as a team throughout and provided an invaluable interface with the buyer team.”
Kinneir Dufort was founded in 1977 by Ross Kinneir and Francis Dufort and has grown to a company that now comprises a team of 75 with expertise in research, innovation, human factors, UX, brand and packaging, product design, engineering, prototyping and technology.