Liverpool-based chemical distribution company Meade-King Robinson has completed a management buyout (MBO) with £16 million of support from high street bank HSBC UK.
The package will enable current shareholders Philip and Emma Tarleton, who previously held 25% of the shares in the business, to acquire the remaining 75%.
It will also help fund the future growth plans of the historic company, which traces its roots back to 1867, through an expansion of its current product portfolio and supplier base.
Leading commercial law firm Hill Dickinson advised HSBC UK on the deal, led by partner Richard Capper and senior associate Jordan Clarke of the firm’s Banking and Finance team, supported by trainee solicitor Elizabeth English (Banking) and senior associate Alex Thow (Corporate).
MKR Group currently employs more than 50 staff throughout the UK and has in excess of 150 years of experience in the supply and distribution of a wide range of oils and chemicals.
