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UK - Bank of Scotland Corporate backs Mayflower BIMBO

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Bank of Scotland Corporate has provided an integrated debt and equity package to support the Buy-In Management Buy-Out of Mayflower Technology Ltd in a deal of undisclosed value. As part of the transaction, Bank of Scotland Corporate has taken a significant minority equity stake in the business.

The BIMBO, which takes Mayflower out of family ownership, was led by Henry Shirman, the incoming managing director.

Established in 1995, Mayflower specialises in component laser cutting, pressing, machining, welding and fabricating. From its Sheffield base, Mayflower supplies global equipment manufacturers across a number of markets including construction, quarrying, recycling, rail and capital goods sectors.

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