Medical communications company Fishawack has undergone a £6m management buy-out.
The company has received backing from YFM Private Equity for £2.55m for the deal, as well as £2.05m and £500,000 from The Chandos Fund and the British Smaller Companies VCT respectively.
The Knutsford-based company has a strong reputation in the sector with clients such as Sanofi-Aventis, Roche, GSK, Bayer-Schering and Shire.
Tim Mustill, managing director of Fishawack, said “This is a very exciting development for us.
“Fishawack is a very strong brand with a solid and growing reputation for excellence.
“We are now very well placed to deliver on our ambitious growth and development plans. YFM Group have been supportive and straightforward throughout the buyout process and are an ideal partner for us as we look to grow.”
The company is also utilising a debt package from the Co-op Bank and received advice on the deal from Langtons Corporate Finance.
© Crimson Business Ltd. 2008
