Michelmores advises Revo Developments Ltd. on its restructure and management buy-out
Michelmores has advised Revo Developments Ltd. (Revo) on the restructure and management buy-out of its US-based ownership. Established in 2002 in Northampton, Revo provides software and hardware to improve automotive performance covering Volkswagen Audi group and Ford vehicles. The company also operates its America’s distribution from a facility on the US East Coast and has distribution in over 40 countries.
Samantha Billingham, Partner, led on the management-buy-out and commented "This was a complex transaction, involving different legal and taxation regimes but we are delighted with the results for the team at Revo as they look to develop the business."
Brian Garner, Tax Director, who advised on the restructure, said "Creating a structure that balanced the interests of the Revo team, and ensured clients were affected as little as possible in the multiple territories in which the business operates, involved intricate tax planning and attention to detail and we are confident that the business is now well placed to move into its next phase."
James Leng, Director, commented "This transaction paves the way for us to move forward into a period of generating great returns for the shareholders, and grow an exciting and dynamic business. Michelmores acted with diligence, patience and care in creating a structure that allowed this transaction to take place. We are incredibly pleased with the outcome."
Francesca Hubbard, Associate, also acted on the transaction.