Biggart Baillie advises on the £4m MBO of Nessco Group
Monday, July 07, 2008
The firm recently acted as legal advisers to the purchaser and the equity syndicate on the MBO of Nessco Group. Nessco is a leading telecommunications services provider to both energy and general industrial markets.
The team was assisted by Fiona Piper and Kirsty Smith and involved specialists from the firm’s Tax, Pensions, Banking and Property teams. The firm was introduced to the deal by its long-term client, Aberdeen Asset Managers, which led the equity syndicate.
The business employs 140 people and operates from Aberdeen, Glasgow, Edinburgh, Reading, Baku and Brazil. Nessco was founded by its CEO Tom Smith nearly 30 years ago and is growing strongly and enjoys a blue chip customer base including bp, Total, ExxonMobil, Amec, SBM, Expro, CB&I, MacDonald Hotels and Baxters Food Group.