JDC Secures £13m in Funding to Support Management Buy-Out at Motorclean

We are pleased to announce our latest transaction with an established Essex based business, where we were able to secure funding from HSBC to facilitate a debt-funded MBO from their financial investors.

Headquartered in Basildon, with turnover of £50m, Motorclean is one of the UK’s largest suppliers of cleaning, facilities management and ancillary services to the motor industry. It was previously majority owned by financial investors, Mobeus, but we led a competitive refinancing process which allowed the existing management team to raise sufficient debt to secure the buy-out and take full control of the business.

Acting as lead adviser on the deal from start to finish we managed the deal through Bank credit and diligence processes and also negotiated the exit terms from the Company’s previous owners. This deal continues to showcase our reputation as the leading independent corporate finance firm in the East of England.