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Browne Jacobson advises Clydesdale Bank Plc on MBO of PE Systems

6 November 2019

National law firm Browne Jacobson has acted as legal advisers to Clydesdale Bank Plc on the management buy-out (MBO) of Wigan based company PE Systems.

Founded in 1987 by Mike and June Smith, PE Systems is a leading provider of power protection services for clients such as UK National Grid, SSE, UK Power Networks and GE. The MBO team is made up of managing director Nicola Jones, financial director Anouska Gee, production director Julie Nuttall and sales director Mark Wilson.

Jonathan Edwards, Browne Jacobson’s head of banking in Manchester said:

“It was fantastic to support and work with Clydesdale Bank Plc on this key deal which will allow PE Systems to further build on the success of the previous management team and continue to grow the business.

“Over the last year, we have delivered some excellent results on some very high calibre transactions and this is another significant deal to add to that list. We look forward to working with Clydesdale on some more exciting deals.”

Browne Jacobson’s team of over 30 corporate and banking & finance lawyers deliver corporate and banking transactions across the whole range of services for domestic and international clients including, amongst others, FTSE 100 companies, private equity investors and the UKs leading banking institutions.

The team were recently named at the Insider North West Dealmakers Awards 2019 in the ‘Deal of the Year (sub £10m)’ category for their work on the £7.5m investor buy-in of Joloda International Group by BGF where they acted for Clydesdale Bank Plc.

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