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Management Buyout of Lymington Precision Engineers Backed by Vine Street Capital

HMT Corporate Finance, led by partner Bruce Morrison and manager Catherine Jones, advised Vine Street Capital on their investment in the MBO of Lymington Precision Engineers (“LPE”).

LPE is a manufacturer of precision machined components, fabrications, assemblies and kit sets for a variety of markets including oil and gas and nuclear energy.  Established in 1980, it now has an enviable reputation for quality and utilises the latest manufacturing technology.

Vine Street Capital have backed an MBO led by Tony Chalk, Managing Director, Martin Palmer, Quality Director, and Richard Cole, Finance Director.

Mark Perryman of Vine Street Capital commented:

“HMT’s due diligence was first class, with a focussed and practical approach. They really got under the skin of the business and dealt with the difficult issues arising”.

Richard Cole, Finance Director of LPE said:

“Catherine and Bruce were thoroughly professional throughout the assignment, quickly understanding the business dynamics and taking an holistic approach to the transaction”.

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