Management Buy-in of a Boutique Property Funds Management Company

Odyssey was appointed as the adviser for this transaction through its relationship with an external management team seeking to complete an acquisition of an established funds management company

Odyssey’s role was to advise the management team on the acquisition of the company and to help secure the necessary financing to complete the acquisition and fund the business plan

Odyssey role

Odyssey worked with the buy-in management team and its role included

• Negotiation of Heads of Agreement for the acquisition of the company
• Assistance to management in the development of the strategy and plan for the business
• Raising the funding required by management to complete the acquisition
• Negotiation of the terms of the equity funding
• Project management of the due diligence process and management of the legal documentation
• Control and co-ordination of all parties to ensure completion
• Ongoing board level support post completion

Odyssey value-add

The transaction was complex in that it required the completion of numerous tasks simultaneously. Negotiation of the acquisition and identifying and negotiating the funding needed to complete the management buy-in had to be completed within a short timeframe in a period when the outlook for the property market was turning negative. Leveraging on its relationship with investors, Odyssey raised the required equity funding to complete the transaction and negotiated a structure that provided management with a material stake in the  business and the investor with an appropriate projected return

Odyssey has maintained an on-going advisory role with the company’s new Board to assist in the implementation of the business plan