MC Vanguard helps Gibraltar firm drive acquisition strategy

Liverpool firm MC Vanguard, the corporate finance division of North West accountants Mitchell Charlesworth, has supported Acuity Fund Ltd during its management involved buyout (MIBO) of Redditch-based engineered equipment manufacturer KG Washford Ltd.

The Liverpool- and Manchester-based company provided commercial advice during the transaction, with North West law firm Taylors Solicitors supporting the deal with legal advice and Close Brothers Invoice Finance providing funding.

Robin Gower, a director with MC Vanguard, commented: “There is a lot of goodwill involved with MIBO deals because they secure the long-term future of the businesses and their people.

“In this case, it also offers firms like KG Washford the added stability and vast opportunity of being part of major group consisting of other like-minded businesses across a range of thriving industries throughout Europe.”

Acuity Fund is a buyout private house based in Gibraltar. Through its acquisition strategy, the firm is aiming to create a group of UK-based SMEs that will collectively provide supply chain servicing to Europe’s aerospace, military, and defence sectors.

Speaking further about the transaction, Robin said: “This is not just good news for Acuity Fund and the SMEs involved but for British business in general.

“MC Vanguard has been appointed as Acuity Fund’s corporate finance advisor and these are exciting times.”

He added: “The KG Washford deal will be the first of many similar deals and I’m delighted to say that we ended up with both happy vendors and happy acquirers.”

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