Quantuma advises on sale of GCMI to its employees
Ben Lee, founder and sole shareholder of GCMI, will remain managing director of GCMI to provide continuity to his customers and ongoing support to his team
Cross-border advisory firm Quantuma has advised on the sale of Grosvenor Credit Management and Investigations (GCMI), a vehicle collection company, to an Employee Ownership Trust (EOT).
The transaction was delivered by Quantuma’s Corporate Finance experts managing director Adrian Howells, manager Richard Hill and assistant manager George Fawcett.
The team was supported by Daniel Sladen, managing director and Dominic Lay, associate director from Quantuma’s sister company, K3 Tax Advisory, and managing director Karl Holmes of K3 Debt Advisory, who secured third-party funding from Allica Bank.
GCMI is a specialist vehicle logistics company, which was established in 2004 to provide vehicle leasing companies with outsourced services, including vehicle collection, asset recovery, process serving, enforcement and tracing of customers.
Ben Lee, founder and sole shareholder of GCMI, will remain managing director of GCMI to provide continuity to his customers and ongoing support to his team.
Meanwhile, Lisa Pugh and Nigel Jackson will join Lee on the Board of the TrustCo, acting as trustees of the EOT.
Quantuma said that by embracing the employee-centric approach, Ben is keen to build on “GCMI’s culture of collaboration, innovation, shared responsibility and shared rewards”.
The EOT transaction was delivered in partnership with sell-side lawyer Rebecca Burford, partner, Charles Russell Speechlys, and Jeremy Hyde, director, Howes Percival, who acted as a lawyer on behalf of the Trust.
Quantuma acted as the trusted financial advisor throughout the process. The team provided lead financial advice, company valuation, tax structuring, debt advisory, and leveraged its extensive experience in delivering M&A transactions “to navigate complex issues to deliver a successful transaction”.
Howells, managing director at Quantuma, said: “We are delighted to have delivered this transaction for Ben and his team. Employee ownership is gaining recognition as a powerful model for sustainable growth, as well as delivering a tax-efficient solution for existing shareholders.
“We commend GCMI’s forward-thinking approach in embracing this strategy. We firmly believe that shared ownership will only enhance employee engagement and motivation, supporting GCMI’s continued success in the years to come.”
Ben Lee, founder of GCMI, added: “This moment marks a significant milestone in our journey, and I want to express my heartfelt gratitude to our incredible team and customers who have supported us on this journey. I am pleased to continue working alongside the team to deliver GCMI’s strategy.
I would like to extend my appreciation to the Quantuma and K3 team, who provided exceptional deal support and invaluable guidance in delivering the transition to an employee-owned model.”
