18.07.2007

Kimberly MBO

In case you missed the update to our original story on the MBO at Kimberly access here are a few more details of the transaction.

The deal, which was led by Ray Ledger and Peter Pierkarus, the current managing director, both of who will own 15 percent of the equity, has been funded by LDC.
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(L-R)Paul Figgins and Andy Lyndon of LDC, Neil Meredith of KPMG, Ian Mayland and Peter Piekarus of Kimberly Access

Andy Lyndon and Paul Figgins led the investment at LDC said “We are backing a high quality management team, operating in a growing market niche, which combined with the strength of Kimberly’s market position makes excellent investment opportunity for us. We believe future consolidation opportunities exist which we are keen to support’’.

Neil Meredith of KPMG advised LDC and the MBO while Deloitte provided financial and commercial due diligence,
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