Cowgills advise Scorpion on a leveraged buyout supported by the incumbent bank HSBC.
Scorpion is a leading telematics specialist within the automotive industry. The Company designs, manufactures and supplies an IP owned product range to a multinational client base. The trading performance is underpinned by a high level of subscription income generated through a growing base of tracking connections.
About the deal
The Managing Director and previously minority shareholder, Mark Downing, has significantly increased his shareholding and become the majority shareholder in Scorpion Automotive as part of the leveraged buyout. Napthens provided legal advice to Mark Downing as part of the transaction.
Recent sector multiples: Range
Cowgills services provided
Cowgills corporate finance team supported the external fundraise and devised the transaction structure to enable the leveraged buyout.
Testimonial from Mark Downing, CEO of Scorpion
I am delighted to provide this testimonial for the exceptional corporate finance support we received from Cowgills during the completion of our Leveraged Buyout process. The expertise, dedication, and unwavering commitment displayed by the corporate finance team were instrumental in ensuring the success of this intricate transaction.
From the initial stages of structuring the deal to the final execution and beyond, the team exhibited an unparalleled level of professionalism and knowledge.
What set this corporate finance team apart was their personalized approach. They took the time to comprehend our unique goals, challenges, and vision for the future of the company. This not only facilitated a tailored financial strategy but also instilled a sense of partnership, as if they were an integral part of our management team.
Complex financial models, due diligence processes, and legal documentation were all handled with precision and efficiency. Their ability to anticipate potential roadblocks and swiftly navigate around them was commendable, resulting in a seamless and timely completion.
Throughout the journey, communication was transparent, clear, and timely. This was crucial in keeping all stakeholders informed and aligned, ultimately contributing to a cohesive and unified approach. Their consistent availability to address our concerns, answer our queries, and provide strategic insights showcased their unwavering commitment to our success.
In retrospect, partnering with Cowgills corporate finance team was undoubtedly a good decision. Their contributions not only ensured the financial feasibility of the Buyout but also provided us with the strategic foundation needed to drive the company forward. With their support, we have successfully transitioned into a new era of ownership, poised for growth and innovation.
I wholeheartedly recommend their services to any organization considering an MBO or any complex financial endeavor. Their expertise, professionalism, and dedication are truly second to none, and we are grateful for their instrumental role in making our MBO a resounding success.
Come and See us
We would be delighted
to hear from you.