Joloda International is a world leading provider of automated loading systems.
Primarily based in Liverpool and Anglesey, Joloda also has operating bases in Holland, Brazil and the USA.
Formed in 1962, the majority shareholder Wojtek Kordel was originally part of a Management Buy Out (MBO) in 1982.
The incoming management team comprised of 2 of the existing management team and an external Buy In candidate Michele Dematteis, a Merseyside based entrepreneur.
How Langtons Helped
Langtons acted as financial advisors to the exiting shareholders of Joloda, providing assistance in the negotiations and structuring of the transaction.
Langtons also provided commercial input throughout the legal process, as well as assisted in the project management and financial due diligence.
The BIMBO was completed successfully, with Wojtek Kordel remaining as a Non-Executive Director on the board to lend continuity and shareholder representation to the new board.
The new management team will provide renewed focus and drive to allow Joloda to experience considerable growth in the future.
I am enormously grateful to Langtons Corporate Finance for guiding us through a complicated disposal process which benefited from their efficient project management skills and pragmatic commercial advice. The business can now look forward to another exciting chapter in its development.
Joloda – Wojtek Kordel