Management Buy-Out At National Tyre Service And Viking
The deal makes National the UK’s largest independent tyre retailer, with 214 branches, employing more than 1,000 staff. Viking has 250 staff and ten warehouse locations.In addition to Alan Revie, the MBO team includes John Caldwell, executive director, Viking International, John Taylor, financial director, National Tyre Service and John Kemp, financial director, Viking International.
The team says it has attracted significant financial backing and will implement a development programme, beginning with a one million Pound investment in a new computer network, bringing together all companies in the group. Financial support for the deal came from structured finance company NMB-Heller and the MBO team was advised by KPMG Corporate Finance..