Cheltenham based law firm BPE Solicitors and Gloucestershire accountancy firm Hazlewoods have acted for the management team on the buyout of FAI Farms Limited for an undisclosed amount. The new management team has acquired the entire shareholding of FAI Farms Limited.
FAI Farms Limited is a leading research, data and consultancy business working to provide practical solutions for climate and food security based in Oxford. The management buy-out marks the latest step in their growth plans.
BPE Corporate Partner, Adam Kean, led the legal side of the deal with support from Associate Solicitor, Angharad Doyle, advised management team on the buyout of the business, securing the transaction and completion.
Adam said “We were delighted to work with the management team on this buy-out and to work alongside Hazlewoods on the transaction. It shows that despite a difficult marketplace, businesses are growing”.
Rich Grover, Corporate Finance Senior Manager at Hazlewoods provided the accountancy support, with Partner, Peter Woodall, providing tax support to the management team. Commenting on the deal, Rich said “We are pleased to have advised Øistein and the new management team on their buyout and wish them all the best for their growth plans. The transaction demonstrates that, despite continued uncertainty in the global economy, deals can still be completed as strength returns to the M&A market”.
Øistein Thorsen, the newly appointed CEO and Managing Director of FAI Farms says “I am very grateful to both BPE and Hazlewoods for their expertise and guidance of our buy out. This is an exciting time for FAI and we are delighted to be starting in a strong position thanks to Adam and Rich”.
BPE Solicitors is a law firm in the UK. With more than 130 staff including 70 fee-earners, BPE has its headquarters in Cheltenham with another other office in London, as well as access points in Cirencester, Bristol and Oxford. BPE Solicitors is an entrepreneurial business working with like-minded businesses and individuals. It supports businesses through their lifecycle, from starting up and structuring a business to development either through growth, joint ventures, buying and selling or floating on the stock market.
Hazlewoods is one of the UK’s Top 30 independent Business Advisers and Chartered Accountants, with an established sector expertise that provides specialist accountancy, tax, audit and business advice to individuals and businesses, with over 380 staff in two offices across Gloucestershire.