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.