Turner Parkinson’s Corporate team have advised Managing Director Matt Smith on the management buyout of international B2B marketing consultancy BDB. Matt led an executive team consisting of Catherine Butcher, Jenny Mason and Jon Hallowell, who acquired 100% of the company’s share capital from founders Susanne and Henry Dixon.
The consultancy has experienced a successful period since Matt joined in 2014, with new client wins and international expansion.
Matt Smith, spoke further: “I’m so proud to be leading BDB during this exciting period of development and growth. We have formed a truly formidable team here at BDB, and the deal has been structured to allow future talent the opportunity to share in the ownership”.
David Easdown, Partner in TP’s Corporate team, commented on the MBO: “We’re delighted to see this transaction complete for Matt and the team at BDB. At TP we always look at assisting developing businesses achieve further growth and this MBO definitely falls into that category as I’m sure Matt will lead BDB to continued success”.
Ben Bradley and Ryan Niblock of HURST Corporate Finance also acted as legal advisors to the MBO team.