James Cowper Kreston provides transaction support for Panoramic in MBO of Online Home Retail
14 January 2019
Press ReleasesJames Cowper Kreston are pleased to announce their involvement with the management buyout of Online Home Retail, trading as plumbworld.co.uk. The transaction services team provided financial and tax due diligence services to Panoramic Growth Equity, the investment firm which backed the MBO.
Online Home Retail are an e-commerce company which source high quality bathroom products; their ranges include items for both home and trade. The management buyout was headed by James Hickman, the original owner of the business prior to its purchase by Grafton Group plc.
Panoramic Growth Equity are an equity investment firm who work alongside small and medium businesses; they offer advice and capital to allow these firms to reach their full potential. James Cowper Kreston’s transaction services team worked closely with Panoramic to ensure that financial and tax issues and risks were considered before they made the choice to back the buyout.
Transaction Services Director, Brad McAvoy, who led the project said: “This was our first time working with Panoramic and we were excited to support their investment. The whole team worked incredibly hard in a tight timeframe to provide everything that the Panoramic team would need to make an informed decision and we are thrilled that it worked out well for them and for James’ team at Online Home Retail.”
