The Corporate Team at Southampton, Poole and Salisbury based Trethowans Solicitors has advised the management team, led by Mark Johnson, in relation to their buy-out of Lakesmere Group Limited.
Headquartered in Winchester, Lakesmere Group is a leading international building envelope and major façade specialist. The group has grown significantly since incorporation in 1993 and has continued plans for expansion under its new executive management team ownership.
The transaction was facilitated by the former sole owner, Mark Davey, as part of the strategy for succession planning and development of the Lakesmere Group. Mark Davey retains a stake in the business and continues as Chairman of the group.
Nick Gent, Partner at Trethowans, commented “It was a privilege to work with the two Marks and the management team on this transaction. Lakesmere has a fantastic reputation in the sector and with the revised ownership and management structure the Group is well placed to continue to build on its success.”
Mark Johnson, Group Finance Director, who successfully led the buy-out on behalf of the management team, commented “It was always our intention to introduce a strategy in Lakesmere that would aid future development and drive further integration across all our business units. Operationally things will remain unchanged however the MBO will provide additional strength to the Group board, establish a clear career path for our senior staff and continue to protect the interests of all our stakeholders”.