Richmond Capital Partners is developing a list of proven managing directors and director-level personnel who are interested in industry MBO and MBI opportunities.


The printing industry merger and acquisition specialist was set up by former Taylor Bloxham managing director Paul Holohan last year.


"We are looking to attract just a small number of proven individuals, who are perhaps looking to do it just one more time," said Holohan, who is chief executive at Richmond.


"We will try and match the right candidate to a particularly suited business, and get the parties to meet prior to a deal being done.


"All candidates must have a strategy first of all, and we have a good network of contacts with finances readily available," Holohan added.


The ideal number of candidates Holohan hopes to find is between 15 and 20. Richmond already has eight candidates on its books.


"One quite sad trend that we are noticing is the second generation level of owners wanting to dispose of their business," Holohan said.


Holohan explained that often the son or daughter who had inherited the business was either looking to get out of the industry, move abroad or had just decided the industry was not for them.


London-based Richmond is paid for its services on completion of deals. Payment is depends on factors including time involved and the size of the business.


Story by Andy Scott