press release
Browne Jacobson advises on high profile MBO of Synseal
25 February 2010
Corporate lawyers at Browne Jacobson have advised Gary Dutton MBE,
the owner of Synseal Extrusions Limited, on the sale of his
business to the incumbent management team, supported by private
equity firm H.I.G Europe and Yorkshire Bank .
Synseal is the UK’s leading supplier of PVC-U extruded products
to over 700 UK based windows, door and conservatory
fabricators.
The firm, founded in 1980, employs approximately 500 people at
its 31 acre headquarters in Sutton in Ashfield, near
Nottingham.
HIG provided funding of £30.5 million. The buyout will see the
management team of Synseal, led by Chief Executive Officer David
Leng, take a significant stake in the business.
Gary Dutton MBE, has retained an interest in the home
improvements industry and plans to develop Doorstop International
Limited, a composite door manufacturer.
Corporate Partner Gavin Cummings who led the team at Browne
Jacobson, said:
“This transaction is a real testament to the success of the
business which Gary founded, and demonstrates that funding is still
available in the market for strong businesses with a proven track
record and a quality management team.”