Luxury winter sports travel experts, Ski Solutions, has managed to attract more than £6 million of funding through a secondary management buyout (MBO) that has been facilitated with help from London law firm, Joelson who acted for Craig Burton the CEO of Ski Solutions.
Ski Solutions has received the additional financial backing from Mobeus Equity Partners (Mobeus), a leading provider of finance to SMEs, having demonstrated growth in excess of 20 per cent over the last three years.
The investment from Mobeus will be used by Ski Solutions to fund bolt-on acquisitions that will support the management team with its ongoing growth within the adventure hospitality sector.
During the MBO, Joelson’s Corporate and Commercial team assisted with a wide range of legal matters on behalf of Ski Solutions’ CEO Craig Burton, which resulted in the successful transaction.
Phil Hails-Smith, a Partner in the Corporate and Commercial department at Joelson, said: “Ski Solutions have enjoyed significant growth within a competitive market, which has drawn the attention of a number of investors. We are delighted to have assisted Craig on this deal and been able to play a part in this successful MBO with Mobeus.”
Craig Burton, CEO of Ski Solutions, added: “Phil and the team at Joelson have done an incredible job in not only guiding me and the management team through the technical complexities of a secondary buyout, but have kept me sane and generally smiling throughout the twists and turns of the deal process.
“I highly recommend Phil to anyone in a PE environment looking for first-class management advice delivered in a straight-forward way”
“Entrepreneurial and responsive, key features when working with Asos. Joelson deliver what we value in terms of legal services – a partner who can respond, both reactively and proactively, to our ever changing business requirements.”
International Director ASOS plc