MBO completed at tech staffing firm Venturi

International specialist technology staffing company Venturi has completed a vendor-initiated management buy-out (MBO).

As a result of the MBO, founder Brad Lamb and the existing management team have acquired the two other directors’ shareholdings, enabling director James Doyle and staffing industry entrepreneur and investor Keith Jones to exit the business and pursue other interests.

Following the MBO, Lamb and the management team aim to further scale Venturi operations in the UK and internationally, particularly focusing on building its support for technology clients served by its New York office and dedicated team assisting clients in Germany.

SME credit specialist Caple supported the MBO with access to a five-year unsecured loan. Sonovate, Venturi’s existing financial provider, provided support with additional working capital.

Advising Lamb and the management team on the MBO was Newcastle-based RG Corporate Finance (RGCF), led by senior manager Alex Simpson, alongside partner and head of corporate finance, Carl Swansbury. Tax advice was provided by RG’s business tax partner Simon Whiteside, with support from senior manager Charlotte Burton. Legal advice to the vendor was provided by Melanie Yeomans of Ward Hadaway.

Doyle’s legal adviser was Kemilia-Jean Ogunmuyiwa of Cooley, while Jones was advised by Simon Wallwork of Slater Heelis.

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