scroll to content

Client: MSIF

Due Diligence

Deal Background

CS Financial Solutions Limited was established in 1987 in Liverpool, originally part of Griffiths & Armour Insurance Brokers.

In 2008, the business was acquired by Charles Stanley & Co, and has undergone a consolidation of its employee benefit business since that date.

The transaction was a Management Buy-Out (MBO) of CS Financial Solutions from Charles Stanley Group Plc by its current management team, lead by Paul McGuckin.

How Langtons Helped

Langtons acted on behalf of the Merseyside Special Investment Fund (MSIF) by carrying out financial due diligence on CS Financial Solutions Limited, whilst also assisting in the structuring of the deal.

Results

The MBO was successfully completed, with MSIF providing funds of Β£2m by way of an equity investment and loan notes.