Catalyst Corporate Finance advise on £46m deal
The Birmingham and Nottingham offices of Catalyst Corporate Finance have advised ISIS Capital Partners on the £46m secondary management buyout of Autologic Diagnostics Holdings.
Oxfordshire-headquartered Autologic, which is a vehicle diagnostic services company, was founded in 1999 and has offices in New York and Hong Kong.
In 2009, Autologic executive chairman Kevin Finn and managing director Peter Toland joined technical director Ian Jones in a buy-in MBO backed by VCT funds controlled by asset manager Foresight and mezzanine funding from money controlled by investment company Octopus.
Following this investment the company's turnover has grown from £6.2m in 2009 to £14.2m in 2011.
The new investment by ISIS will support the business in its continued overseas expansion.
Catalyst Corporate Finance led by Mark Humphries, supported by Paul Vanstone and James Guglia, advised ISIS.
Humphries said: "Management were keen to complete the deal within a very short timeframe to ensure they focussed on Autologic's growth opportunities and not get diverted by a deal process.
"To that end, following our appointment as the adviser, we were able to balance the commercial aspirations of all stakeholders with the need to complete the deal in the minimal time possible."
