Lemon Groundwork Solutions
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.
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.
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.
Structural and Civil Engineering
Structured Management Buyout (MBO)