Catalyst steers EMCAS buyout
Catalyst Corporate Finance, based in Birmingham, has finalised its third deal in as many weeks. The corporate finance team completed the management buyout of EMC Advisory Services (EMCAS), based in Devon.
The deal follows Catalyst’s advisory role in the sale of Aston Carter and the management buyout of Valldata in the past fortnight.
EMCAS specialises in handling consumer claims in the endowment, payment protection insurance (PPI), excessive credit card charge, irresponsible lending and investment product areas.
Catalyst’s managing partner Andy Currie said. “Initially, the owners of EMCAS sought our advice on their future options to realise value and reduce their involvement in the business. Our understanding of their objectives, and the business, led us to agree that a management buyout was the most appropriate solution for all concerned.”
The Catalyst team was led by Currie and Jeremy Harrison with tax advice provided by the Midlands office of PricewaterhouseCoopers.
Lonsdale Capital Partners provided funding for the deal.
