The corporate team at Leicester law firm Spearing Waite has advised on the management buyout of Premier Display.

The MBO was led by joint owner Jason Colman, who bought the business for an undisclosed sum with financial backing from HSBC, led by Elliott Watts.  Financial advice was given by Nic Hanlon of Hanlon Corporate Advisory Limited.

Premier Display, which is based at Mill Lane Industrial Estate in Glenfield, makes bespoke exhibition stands for clients as diverse as Audi, Allergan, AEG Electrolux, Nikon and Timberland.

The firm was set up 30 years ago and has 20 permanent staff. Jason first got involved 7 years ago, as part of a previous MBO.

Now the latest MBO has completed, Jason is managing director, with overall control of the business. His aim is to build on the firm’s ambitions to keep ahead of the times and ensure clients are happy by delivering top quality products, to budget and on time.

Jason commented:

“Everyone advising on the transaction was excellent and the friendly advice and professional approach has been very good.”

The team at Spearing Waite was led by Partner & Head of Corporate Group Martin Smith and included Corporate Associate, Hannah Tessyman and Partner & Head of Employment, Andrew Rowell.

Martin said:

“We were delighted to have advised Jason on his MBO and look forward to seeing the continued success of the business.”

Gavin White at Fraser Brown acted for the outgoing shareholder.

Elliott Watts, HSBC; Nic Hanlon, Hanlon Corporate Advisory Limited; (Centre) Jason Colman, Premier Display; Hannah Tessyman and Martin Smith, Spearing Waite LLP.

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