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derby video wall firm in £12m buyout backed by advice from martineau johnson 03/10/2007 Birmingham and London law firm Martineau Johnson has provided legal advice to investors in a Derby-based high technology firm in a £12m deal.
Fast growing Datapath Limited, one of the UK´s leading suppliers of the technology behind large screen displays, has been the subject of a combined management buy-out / buy-in.
Martineau Johnson advised private equity investor Foresight Group (Foresight), which injected £3m by way of equity finance, as well as introducing buy-in candidate Simon Hunt as Chairman.
The deal was instigated by Datapath's two founders, Steve De'Ath and Tony Jones, who sought to generate support to take the business forward.
The two founders will continue with key roles in the management of the business.
Datapath, which has 27 employees and has annual sales approaching £10m, boasts an annual growth rate of over 30 per cent.
Martineau Johnson's team was led by corporate law partner Kavita Patel, who said: "The private equity industry has had a tough time in terms of the headlines of late.
"However, the investment in Datapath shows that leading players like Foresight are still acting as a real catalyst for deals and future business growth in the small to medium sized deals market."
In addition to Martineau Johnson, advisers on the deal included Cooper Parry LLP and Browne Jacobson on behalf of Datapath, Flint Bishop on behalf of RBS NatWest and Tenon Corporate Finance on behalf of Foresight and RBS.
For further information please contact Kavita Patel on
kavita.patel@martineau-uk.com |
