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Farm Company Buy-Out

Written by Business Weekly

Wednesday, 03 November 1999

The business of one of the country's leading farm management companies, East Anglia-based Sentry Farming Group plc, has been 100% acquired by its employees through a management buy-out. The business of one of the country's leading farm management companies, East Anglia-based Sentry Farming Group plc, has been 100% acquired by its employees through a management buy-out. The 43 shareholders involved - all managers and staff of the company - financed the deal themselves through loan capital, bank facilities and their own money. Sentry manages farms and estates in various parts of the UK as well as Eastern Europe. The MBO needed the agreement of clients as existing contacts needed to be taken on by the new company. Sentry Farming Group plc is the only farm management company quoted on the Stock Exchange but because shares in Sentry Farms Ltd will not now be traded, Birketts Solicotors has set up an employees' trust to act as a vehicle for buying shares from any employee who may elect to leave the company in the future. MD Andrew Mason said Sentry's entire staff was behind the buy-out. ±e many Q˜

 

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