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MHA’s corporate finance team has advised on a management buyout at Landwood Group, which has seen five directors become the sole owners of the Manchester-headquartered property business.
The firm’s corporate finance director, Ian Waddingham, and corporate finance executive, James Smith, provided advice to the management team on the deal.
The directors have purchased the shares of Landwood Commercial (Manchester) LTD, held by MRA Professional Services Group via newco Landwood Group Holdings LTD.
The MBO comes as Landwood Group has seen “considerable” growth in recent years, which included a merger with chartered surveyors Wignall Brownlow in March 2023. The company is also on track for turnover in excess of £3m.
The partners, Mark Bailey, Richard Parkinson, Helen Jude, Kate Lay and James Ashworth, will now focus on the firm’s future growth and develop the current markets they operate in.
Bailey said: “We are very much in growth mode – both building within the markets in which we currently operate and growing into new service areas.
“It has been a pleasure working alongside MRA Professional Services for the last four and half years and I thank them for their support during that time.”
Waddingham said: “Landwood Group is very well regarded in the property services sector and we’re proud to have supported the management team to acquire the business.
“They have exciting plans for growth, and I look forward to seeing them take the business forward on the next stage of the journey.”
