Blake-Turner advised Matt Murphy on his management buyout (MBO) of UK and Netherlands-based specialist IT recruitment business, Levy Associates.
Levy Associates was formed by Lawrence Levy in 2000 and had grown to £18m of revenue. It appeared in the Sunday Times FastTrack 100 list of fastest growing companies in the United Kingdom.
Matt Murphy acquired a majority shareholding in the new holding company. Our key objectives were to assist him in protecting his investment and negotiating the warranties and disclosures appropriate for the transaction.
Matt Murphy said, “Levy Associates is a fantastic business. We have an outstanding team and world class clients. This is a great time for us to move forward both in the UK and internationally and the entire team are very excited by the opportunity we have ahead of us”.
Lawrence Levy added, “both Matt and I are grateful for the professional advice and support provided during the transaction. The advisers all worked hard to get the deal completed and it was a real comfort to have their experience and support alongside us every step of the way.”