Jamieson advises Management in the restructuring of a leading mid-market support services business

Jamieson Corporate Finance is pleased to announce its role in the successful restructuring of the management incentive arrangements for a leading mid market support services company. The company, owned by a Private Equity firm, cannot be named due to confidentiality constraints, but the role consisted of re-basing the management incentive package following a reorganisation of the team, tightening trading conditions and a forecast covenant breach. As part of the transaction, the senior debt and equity have been restructured.

The revised structure utilises both equity and non-equity based mechanisms to deliver future value to management. As a result of the negotiations the objectives of senior lenders, institutional shareholders and management have been aligned to help grow value in the business.

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