Kevan Shaw acted as lead deal adviser to a management team led by buy-in candidate Tony Webster on the Management Buy-In/Buy-Out of Manchester based Sunquest Tanning Systems Limited.
Sunquest is the largest manufacturer of UV vertical tanning units, lie-down sunbeds and non-UV manual and automated spray tanning booths in the UK. The company employs over 70 people.
The deal also involved the acquisition of Ribquest Limited, a designer and manufacturer of rigid inflatable boats. The management team, who were advised on all aspects of the deal by Kevan Shaw, include Tony’s fellow management Buy-In candidate Mike Bower. Jackie Burton, Mike Lord and Gary Hobson, three existing Sunquest employees, also joined the management team as production director, customer services director and sales director respectively