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8 June, 2006 - 08:16 By Staff Reporter

MBO at John Doyle Group

John Doyle Group plc, a diversified group of construction companies, has completed an MBO for an undisclosed consideration.The buy-out will facilitate the transfer of ownership from the chairman, Stef Stefanou, to wider equity participation amongst the firm’s employees, writes Alan Johnson.

Stefanou will continue to be the chairman and major shareholder in the business.

Grant Thornton Corporate Finance advised the management on the transaction and legal advice was provided by Eversheds, Cambridge, with funding from the Bank of Scotland, Cambridge.

Headquartered in Welwyn Garden City, John Doyle Group is a successful and innovative construction Group comprising John Doyle Construction, Ibex Interiors Limited, Blythewood Plant Limited and Bell Projects Limited.

The firm has recently had involvement in high profile construction projects such as the capital’s Battersea Reach development and the prestigious Albion Wharf residential complex in south west London.

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