Park Place Corporate Finance

Independent advice for the independently minded

Propencity

£24m Management Buy-Out | £16m Sale

Propencity

Propencity is a main contractor and property developer with strong regional brands, Totty, Jackson and Dean & Bowes. The business is headquartered in Bradford. 

The business was a non core part of Peterhouse Group plc which had moved its focus away from contracting and into support services. PPCF worked with the management team of Propencity to create an MBO proposal and secure support from the parent company to proceed.

Acting as lead advisor PPCF introduced Bank of Scotland Integrated Finance which provided a funding package which allowed the management team to hold a significant majority equity stake. The business de-geared rapidly following the MBO creating shareholder value.

Interior Services Group plc, an AIM listed interior fit out specialist focussed on the South East but seeking to build a regional presence, expressed an interest in acquiring the business. PPCF was lead advisor to the shareholders in this successful realisation.

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