International law firm Hill Dickinson has played a crucial role in advising the existing management team of Lattimer during the process of a secondary management buy-out (MBO) of Lattimer and the exit of its private equity investor, Merseyside Special Investment Fund.

Craig Scott, a Partner specialising in mergers, acquisitions and private equity transactions at Hill Dickinson provided tailored advice to Lattimer and its management team in respect of the deal, which saw the £10m-turnover business bought-out by its management team for an undisclosed sum.

Commenting on the deal, Craig Scott, Hill Dickinson said: “I have been the adviser to the management team of Lattimer since assisting them with MSIF’s original investment in 2007 to support their MBO of Lattimer from the Hampson Group.  Lattimer has since had great success with expanding the business globally and it is fantastic to see Lattimer’s journey of growth continue as the management team now acquire full control and ownership of the business.”

Lattimer specialises in the production of components for the manufacturing of bottled glass and employs 150 staff, spread throughout sites in Southport, the West Midlands and the USA.