Irwin Mitchell advised Atlas Leisure Homes with a team including Paddy Sturman (Picture – Finance).
Atlas Leisure Homes was established more than 30 years ago and has 460 employees and a turnover of £38m.
The recent MBO followed the decision by existing shareholder and sales and marketing director Philip Spark to retire. The remaining shareholders, Steven McGawn (managing director), and Colin Jeffery (operations director) have acquired the shares. Philip Spark had been with the business for more than five years and was involved in the previous MBO in 2019.
Helen Phillips of HSBC provided additional working capital to facilitate growth, with Paddy Sturman (Picture) at Irwin Mitchell in Leeds providing legal advice.
Involved fees earner: Paddy Sturman – Irwin Mitchell;
Law Firms: Irwin Mitchell;
Clients: Atlas Leisure Homes;