Lemon Groundwork Solutions

The Business

Formed in the 1970s, Lemon is a manufacturer of Steel Reinforcement and Prefabrication and the UK’s largest Cellcore, Claymaster and Clayboard supplier.

Headquartered in Wickford, Essex and with a base in Rugby, West Midlands.

Winner of the Institute of Chartered Accountants “Large Business of the Year” award in 2013.

The Deal

Structured management buy-out with controlling shareholder securing a partial exit.

Majority shareholder retained a significant equity stake, remaining the largest single shareholder in the business.

Management succession ‘baked in’ to the deal, with management team having a unified focus on the future development of the business.

Solid platform for further growth securely established.

Value Add

Designing the management buyout (MBO) structure in a tax effective manner and obtaining requisite tax clearances from HM Revenue & Customs.

Assisting the team to identify balanced and favourable commercial terms to the benefit of all team members.

Financial modelling of the business with deal structure overlaid.

Advising on the terms of the new shareholders’ agreement and liaising with lawyers to completion of the deal.

Location

Wickford, UK

Sector

Structural and Civil Engineering

Deal

Structured Management Buyout (MBO)

Lemon Groundworks Logo

From our very first meeting with JDC we were impressed by the depth of their knowledge and experience relating to all areas of our forthcoming reorganisation and we have been delighted with the advice and guidance they have provided.  We made the right choice of advisers and I would unreservedly recommend them.

Kevin Childs Lemon Groundwork Solutions