Cowgills advised the management team of Window to the Womb to achieve a partial management buy-out using £2m finance provided by Shawbrook Bank.
The transaction is designed to enable the Managing Director, Dan Stothart to attain a larger shareholding in the company and to allow the other shareholders to financially de-risk through a partial sale. The deal will also enable these shareholders to maintain equity for a future value realisation.
About Window to the Womb
Window to the Womb offer a range of private ultrasound scans throughout the pregnancy journey, from 6-42 weeks gestation, and are conducted by fully qualified, medical Sonographers.
The company operates a fixed payment franchise model throughout the UK.
About the deal
As part of the transaction, an acquisition vehicle company was created, ‘Newco’ which received the £2m fundraise from Shawbrook bank and effectively acquired the shares being disposed. The sole shareholder of Newco is Dan Stothart, the Managing Director and primary driver for the MBO.
Sector
Healthcare
