THE COMPANY

Founded in 2000, Gloucester based Recipero is a data business that collates mobile device identification numbers, enhances them with additional information and delivers a SaaS database ecosystem to aid its customers in preventing theft, fraud and related crime.

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CHALLENGE

Recipero was acquired by US giant TransUnion in 2016. However, a change of global strategy at TransUnion brought about the opportunity for Recipero’s former management to reacquire the business through an MBO. The management team approached us to manage the MBO transaction as well as securing the funding to buy back the business.

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OUTCOME

We brokered the deal between the management team and the vendor that saw the management team retain 100% of the share capital. We conducted a keenly competitive funding process to secure the most attractive financing package from the ultimate winner - Shawbrook Bank -which provided a loan to fund the transaction. This allowed Recipero’s former owners to restore the company to independent management and ownership.

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TESTIMONIAL

"We are enormously grateful to our advisory team for their professionalism and tireless efforts to secure the deal, funding and the transitionary processes."

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Their incredible support ensures that we will continue our crucial work with UK Law Enforcement, businesses and the public to create a safer trading environment for all."

Les Gray
Chief Operating Officer at Recipero