Management Buy-out of Review Display Systems Ltd
HMT LLP led by Partner Paul Read and assistant manager Viqas Chohan undertook due diligence on the management buy-out of Review Display Systems Ltd (“Review Display”) backed by Royal Bank of Scotland (“RBS”).
Based in Kent, Review Display a company established in 1982 are a designer and supplier of industrial flat panel display technologies together with associated Touch Screens and Single board computer solutions, helping provide knowledgeable advice to world leading manufacturers across multiple disciplines.
With over 15 years of experience, the current management team acquired the business from its founder Ralph Smith who was seeking a retirement sale. Management now intend to grow the business through a number of exciting opportunities from their current client base, building on Review Displays market known reputation for providing a high quality expert service.
HMT led by Partner Paul Read and Assistant Manager Viqas Chohan undertook financial due diligence for RBS on this transaction.
Mathew Glentworth, Director at RBS commented,
“HMT delivered a clear and concise report that defined the core issues during a competitive process and challenging timetable. The firm’s flexibility and professionalism played a key role in successfully completing the transaction.”
Paul Read commented,
“We were delighted to advise Mathew Glentworth and RBS on their funding of the MBO of Review Display. The business is now well placed to push ahead in its next growth phase. We look forward to working with Mathew again in the future.”