Exit for founder of Richborough Estates through management buy-out backed by Beechbrook Capital
Headpoint has advised Karl Parkinson-Witte on the sale of his interest in Richborough Estates, which he founded in 2003 and was joint managing director. The business, a strategic land promoter with more than 100 sites across the country, was acquired by its management through a management buy-out (MBO).
Richborough Estates identifies and promotes land suitable for new properties with landowners, securing planning approval for the delivery of new homes and supporting infrastructure before jointly appointing a development partner.
The deal was funded by specialist fund manager, Beechbrook Capital, to support both the exit for Karl and the company’s future growth ambitions.
Headpoint advised Karl through the critical stages of the sale process realising a successful exit and advised again on the sale two years later to Terra Firma’s Principal Capital Group.
Specialist corporate finance advisor for private companies
We advise on valuations, company sales and acquisitions, management buy-outs and raising private equity, growth and debt capital.