Case Study

Recipero

Management buyout of Recipero from TransUnion.

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We were delighted to help Recipero with a management buyout (MBO) from TransUnion.

Founded in 2000, Gloucester based Recipero is a data business that collates mobile device identification numbers, enhances them with additional information and delivers a SaaS database ecosystem to aid its customers in preventing theft, fraud and related crime.

Recipero was acquired by US giant TransUnion in 2016. However, a change of global strategy at TransUnion brought about the opportunity for Recipero’s former management to reacquire the business through an MBO.

Recipero’s management team approached us to manage the MBO transaction as well as securing the funding to buy back the business.

With our support, Recipero’s former management team applied for finance to cover the MBO. This was achieved by an undisclosed loan financed through Shawbrook Bank. This allowed Recipero’s former owners to restore the company to independent management and ownership.

Building Value

How we helped Recipero with a management buyout from TransUnion...

Management buy-out

Shaw & Co brokered the deal between Management and the vendor that saw the Management retain 100% of the share capital.
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Fundraising

We conducted a keenly competitive funding process to secure the most attractive financing package from the ultimate winner, Shawbrook Bank, who provided a loan to fund the transaction.
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Business planning

To support the transaction, Shaw & Co worked closely with Management to build a robust business plan and financial model, which were then scrutinised by EY on behalf of the Funders.
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We are enormously grateful to our advisory team for their professionalism and tireless efforts to secure the deal, funding and the transitionary processes. Their incredible support ensures that we will continue our crucial work with UK Law Enforcement, businesses and the public to create a safer trading environment for all.

Les Gray Chief Operating Officer, Recipero

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