Law firm Hill Dickinson has advised on a management buyout (MBO) of Trak Global Security Solutions, the stolen vehicle security services company that previously formed part of the larger Trak Global Group.
A £9.75 million investment into the Crewe-based stolen vehicle services provider by private equity and infrastructure investor Foresight Group enabled creation of the new entity to go ahead.
TGSS is being carved out of the wider Trak Global Group and will be led by managing director Dave Turnock and chief executive officer Andy Christopher.
Leading for Hill Dickinson on the provision of legal advice to the management team were partner Matt Noon and senior associate Alexander Thow of the firm’s Liverpool Corporate team.
This MBO, together with backing and support from Foresight, gives the TGSS management team the opportunity to invest in new technologies and significantly expand its services geographically into Europe. We wish Dave, Andy and their team every success as they take the business forward.Matt Noon
Partner
Matt Noon said: “This MBO, together with backing and support from Foresight, gives the TGSS management team the opportunity to invest in new technologies and significantly expand its services geographically into Europe. We wish Dave, Andy and their team every success as they take the business forward.”
Dave Turnock added: “Matt and Alex at Hill Dickinson were pro-active throughout, guiding us through every step of the deal, providing commercially focused advice at each turn and generally playing an important role in delivering a successful transaction for us and for our investors.”
Dave Turnock has been with TGSS for more than 10 years while Andy Christopher brings with him a wealth of experience and contacts in the industry built over a career spanning 30 years.