Carlton Strategy Advisors supports WestBridge Capital in its investment in the MBO of Vista Retail Support
Vista Retail Support Holding Limited (“Vista”) has announced that its senior management team (the “team”) has completed a management buyout of the business, with the support of private equity house WestBridge Capital and its partners, Clydesdale Bank and Octopus Investment.
The business was initially acquired by the team in a Finance Wales backed buyout in 2008. Following the secondary buyout, valued at £12.3m, the team has bought out the remaining existing shareholders including Finance Wales.
This deal sees a majority shareholding being acquired by the existing senior management led by managing director Vince Haffenden, technical services director James Pepper and sales and marketing director Richard Cottrell. In addition, current chairman, Keith Brooks, will continue in the role of non-executive chair.
Established in 1995 as a technology support business focusing on the retail sector, Vista has grown to a £14m turnover organisation with a workforce of more than 170 staff across the UK. Vista supports some of the best known high street retailers in the UK with brands like Lloyds Pharmacy, Superdrug, Dunelm Mill and Spar among its customers.
Carlton Strategy Advisors (“CSA”) supported WestBridge Capital and its partners, Clydesdale Bank and Octopus Investment, in its investment in the MBO of Vista by providing full-scope commercial due diligence.
CSA supported WestBridge in earlier investments in Energist Group, Aero Stanrew and Linkfresh.
Advisors on the Transaction
Director David McClelland commented:
"Our CDD provided an overview of the main sources of commercial risk and opportunity, assessing Vista as a business that can develop its commercial proposition and grow sales over the coming years, according to CSA’s interpretation.”