Global Chair Components

The Business

Formed in 1996, Global has developed to become the UK’s leading established supplier of office component and contract leisure furniture.

Headquartered from a purpose built warehouse and distribution centre in Reydon, Suffolk.

Headed by a strong and experienced management team with c.50 loyal employees.

Global’s last accounts reported revenues and adjusted EBITDA of £16.4m and £3.9m respectively.

The Deal

£20m+ debt funded management buyout (MBO) with founding shareholders securing a partial exit with significant levels of cash out and ring fenced loan notes.

Founding shareholder retained a significant equity stake, remaining the largest single shareholder in the business on future exit.

Other shareholders securing exit or partial exit along with wide ranging management incentive plans implemented to secure succession and a unified focus on the future development of the business.

Value Add

Presenting and advising on the strategic options available to the shareholders.

Designing a management buyout (MBO) structure and obtaining requisite tax clearances to ensure shareholders obtained entrepreneurs’ relief.

Preparing a three year business plan and detailed financial model, leading negotiations on debt fundraising and project managing external due diligence.

Advising on commercial and tax aspects of the legal documents and driving the deal to a very successful conclusion.

Location

Reydon, UK

Sector

Distribution

Deal

Debt Funded Management Buyout (MBO)

Global Chairs Logo

The team at JDC have provided fantastic guidance along every step of the process and delivered a deal that exceeded everyone’s expectations.  We look forward to continuing to work with the team on the next stage of our development and wholly recommend them to any business owner who is looking for corporate finance advice.

Darryl Dawson Global Chair Components