- 18 Jul 2023
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- 2 min read
Trethowans advises on management buy-out of Tiger Communications
The Trethowans Corporate Team are delighted to announce their involvement with Tiger Communications’ successful management buy-out (MBO) by some of the company’s longest-standing employees.
Led by Lucy Gleisner, Partner and Head of the Corporate Team at Trethowans, and supported by Amrita Sangha, Solicitor and Matthew Hall, Head of Tax Services at Azets, the management team completed a self-funded internal MBO, which acts as a natural succession plan and partial exit for owner Stephen McCallum. Ben Nicklen is promoted from COO to CEO as part of the transition, and is joined by Caroline Lewis (Sales Director), and Phillip Smith (Software Director). Stephen will remain as Chairman.
The MBO comes off the back of a successful fiscal year for Tiger.
CEO Ben Nicklen says: “The team at Trethowans and Azets assisting our MBO were excellent, advising throughout of the end-to-end process and ultimately, delivery of completion. We knew the process was in safe hands and couldn’t have asked for more support or expertise. Our relationship has spanned many years. Lucy and Matthew, and their colleagues perform as an extension of Tiger whenever needed, and are valued and trusted partners, who will continue to support the next phase of our business.”
Stephen McCallum commented “Lucy, Amrita and Matthew helped us deliver a fantastic result, guiding us through a complex process and going above and beyond when it was required. The future of Tiger is bright, and I very much look forward to continuing working with Ben, Caroline, Phil and our fabulous support partners Trethowans and Azets. Great job team!”
Lucy Gleisner, Partner at Trethowans commented “I have assisted Tiger, based in Ringwood, since 2014 and this management buyout marks a key step in the Tiger journey. The MBO seemed the best option to allow the management team to secure equity but had the least disruption. We worked closely with Azets to conclude this MBO and are delighted to assist the company achieve its objectives for future growth.”
