ICFG UK advised on the MBO of Motocaddy
|Deal Type||Mergers & Acquisitions|
Founded in 2004, Motocaddy aims to bring the very best in design, build and functionality to golfers of all ages and abilities looking for reliable and affordable golf trolleys. They have developed an award-winning line of electric and push models available in over 40 countries worldwide.
Motocaddy also produces and distributes a wide range of golf accessories including electronic and push golf trolleys, bags, rain covers, caddy racks, umbrellas and spare parts such as batteries, trolley wheels, adapters, switches and buttons.
Ethos provided £22m funding on this transaction which also saw Beechbrook Capital provide a unitranche debt facility to support the MBO.
The investment will be used to expand Motocaddy’s international presence and develop new products.
This combined engagement is another example of HMT’s fully integrated corporate finance practice working together as a one stop shop for transaction advisory services.
HMT, led by Partner Paul Read, with Managers Corin Briault-Hutter, Adam Robertson and Executive Will Wimmer in support, completed a combined buyside advisory engagement comprising Financial Due Diligence and Debt Advisory for Ethos Partners on their investment in Motocaddy Ltd.
|Industry Sector||Consumer & Retail|