March 2016


Management buyout marks new era for Magnet Expert Ltd

Magnet Expert Ltd, the parent company of first4magnets®, has been bought from chairman Ian Asquith in a transaction advised on by Roy Farmer and Jenny Moore of Dains Corporate Finance. The management buyout, led by managing director Matthew Ellis, follows a record-breaking year for the company. The company has been acquired by the existing management team consisting of managing director Matthew Ellis, operations director Stuart Mather, finance director Lindsey Melady and sales director David Gault with previous owner Ian Asquith retaining a significant minority stake and moving into the role of... Read More