Rollits advise on MBO of £27m caravan company

Hull commercial law firm Rollits has advised four  members of the senior management team at Coachman Caravan Company, a £27m-turnover business, on its MBO deal to keep the business in the family.

Managing director Elliott Hibbs led the management buyout, as he takes over from his father Jim Hibbs who founded the company 30 years ago along with business partner George Kemp.

The first Coachman caravan was built in a small factory in Hull in 1986. Since then, it has grown into a £27m-turnover firm - seeing growth in domestic sales in recent years due to the increasing popularity of the 'staycation'.

The MBO deal for the caravan manufacturer was supported by a finance package from HSBC.

The Rollits' team was led by Corporate Partner Nasim Sharf working with Chris Crystal (property) and Ed Heppel (employment).

Elliot Hibbs comments.  "Being involved in a buyout was a new experience for all the MBO team. But Nasim Sharf and the Rollits team made the process seem simple and seamless."

Nasim Sharf of Rollits said  "It was a pleasure to assist the team at Coachman Caravans  in the MBO and we wish the team every success in this new stage in the growth and development of their company."

HSBC were advised by Nick Scott at Andrew Jackson Solicitors and sellers by Andrew Tarbutt at Gosschalks.

Posted on: 14/12/2016

This article is for general guidance only. It provides useful information in a concise form. Action should not be taken without obtaining specific legal advice.

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