KBS Corporate Oversees Acquisition of Macrogate Ltd
KBS Corporate successfully advised on the sale of Macrogate Ltd in a management buy in deal by private buyer Paul Tucker. Based in Poole, Dorset, Macrogate Ltd is a mixed investment portfolio within the property and land sector comprising listed investments, freeholds, long leaseholds and ground rents with all properties currently let.
Formed in 1982, the company initially offered financial services whilst gradually moving into the property sector before focusing entirely on property investment in 1996 with small commercial and residential properties.
Our client wished to pursue a sale in order to retire and there were no immediate successors to take over the business.
KBS Corporate found a buyer within 6 weeks of instruction utilising the extensive research resources provided by KBS to enable a highly targeted approach. The £340,000 deal was completed in September 2013.
Ryan Bilsborough, deal executive at KBS Corporate, assisted with negotiations and was delighted that a deal could be concluded so quickly, allowing our client to achieve a smooth exit from the business.