International legal practice Osborne Clarke has advised HSBC on the £25M funding of the management buyout of Amberon, one of the UK’s leading traffic management services, by LDC.
As part of its investment, LDC will take a significant stake in the fast-growing company alongside the current management team – led by Managing Director Terry Musson and Commercial Director Daniel East – whilst enabling its founder shareholders to exit the business.
The funding will allow Amberon to expand outside of the South West of England and Wales and into other parts of the country, as well as launch new complimentary services.
Based in Paignton, Devon the company works with infrastructure contractors, local authorities and utility companies to provide traffic safety solutions including support for repairs and road closures, lights and signage, and CCTV. In its last financial year it generated record sales of £26 million.
The Osborne Clarke Banking team who advised HSBC was led by Partner Tom Bussy who was supported by Senior Associate Rhodri Jones.
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