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DWF advises independent environmental consultancy on multi-million pound MBO

13 March 2019
DWF has advised environmental consultancy APEM on the management buy-out (MBO) of the business backed by private equity house Westbridge Capital.

Specialising in the aquatic environment and remote sensing, APEM provides environmental consultancy, laboratory services, field surveys and remote sensing capabilities to a range of sectors including water, power, engineering, construction and transport.

National Head of Corporate at DWF, Frank Shephard, led on the legal aspects of the deal alongside tax partner James Cashman, senior associate Katy Philips and corporate solicitor Rebecca Gargary.

The transaction will see Stockport-based APEM use the funding to support the business's strategic growth as it continues to expand internationally and develop complementary service lines to support its clients' needs. The business currently employs over 100 staff in eight offices across the UK, one in Germany and one soon to open in the USA.

APEM founder Dr Keith Hendry has retired following the completion of the MBO. Dr Adrian Williams and Dr Stuart Clough, who have been instrumental in growing the business over the past decade, will continue to take the company forward.

Commenting on the deal, Frank Shephard said: "We're pleased to have advised APEM on this deal which will enable the business to invest further in its specialist services both in the UK and internationally."

DWF's corporate team has acted on a number of high profile deals already this year including advising Polemos plc, an AIM-listed cash-shell, on the reverse takeover of Digitalbox Publishing (Holdings) Limited and the acquisition of Mashed Productions Limited. The team has also acted for Ipsum Group, backed by private equity fund Aliter Capital, on its third bolt-on acquisition, the purchase of drainage and maintenance company Euro Environmental Utilities Group Limited.

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