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An international market leading design and build business operating in the mass sporting and public events sector.
Originally, the managers of the business wished to purchase it from the owner in an MBI and subsequently raise additional capital for international growth.
Ruffena prepared the business for an MBO initially, which led to three subsequent investment rounds over an eight year period, enabling the company to grow from c£5m sales to over £140m, following major contracts with the London 2012 and Tokyo Olympics, and dozens of other major sporting, cultural and music events.
In 2021, following another strong growth year, a PE house acquired a majority stake in the company buying out all shareholders and leaving ther MBO team in charge, with a defined exit planeed for three years later. Early investors made a 23x return on capital, with later stage investors an 11x return.
An international market leading design and build business operating in the mass sporting and public events sector.
Originally, the managers of the business wished to purchase it from the owner in an MBI and subsequently raise additional capital for international growth.
Ruffena prepared the business for an MBO initially, which led to three subsequent investment rounds over an eight year period, enabling the company to grow from c£5m sales to over £140m, following major contracts with the London 2012 and Tokyo Olympics, and dozens of other major sporting, cultural and music events.
In 2021, following another strong growth year, a PE house acquired a majority stake in the company buying out all shareholders and leaving ther MBO team in charge, with a defined exit planeed for three years later. Early investors made a 23x return on capital, with later stage investors an 11x return.