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£6m MBO completed at Winder Power

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Advisory teams from Leeds acted on the deal including Clarion who advised the management team.

Winder Power, the manufacturer of power distribution and generation equipment, has completed a £6m management buyout backed by Enterprise Ventures and Bank of Ireland UK.

The deal passes control of the Leeds-based business to a management team led by Managing Director Laurence MacKenzie, operations director Andy Pinkney, general manager Paul Matthews and finance director Jo Evans. Mr Pinkney and Mr Matthews were already shareholders in the business.

Laurence MacKenzie, managing director of Winder Power, said: “This is a significant transaction for the MBO team and underscores our own commitment to the business. Both Enterprise Ventures and Bank of Ireland were thoroughly professional and supportive right throughout the transaction; we look forward to working with them into the future. We would like to thank them for their confidence in the business". 

For the full story please visit The Business Desk (10 January 2013).