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pdt solicitors advise Autologic Diagnostics on its £46M management buy-out funded by ISIS Equity Partners and HSBC Bank plc

Autologic is a leading supplier of dealer-level diagnostic solutions for major car brands to independent workshops and garages.

pdt first became involved with Autologic in 2009 when it advised on the company’s first management buy-out.  At that time, the company’s turnover was £6.2M.  In two years, the business has increased its turnover to £14.5M through rapid expansion of its operations and development of its brand packages.  It now has operations in the USA and Hong Kong and its products are sold throughout the world.

Commenting on the buy-out Kevin Finn, Executive Chairman of Autologic, said: “This deal continues our growth strategy for the Autologic business and will enable us to continue the development of our brands so that we can become the leading supplier of diagnostics equipment to the independent sector in the world.  We are pleased to be working with ISIS who share our vision for what we believe is possible for this business.”

Noel Ruddy, head of Corporate at pdt, said, “Following on from the 2009 MBO and a secondary MBO in July 2011, this buy-out represents a significant achievement for the management team.  We are delighted to have been able to deliver an excellent outcome for all those at Autologic who have worked hard to deliver excellent results in what is a very competitive and challenging market.”

Graeme Barron, Associate at pdt, added, “It was a pleasure working with the team at Autologic and I am pleased we were able to help them achieve a result which will enable the company to continue to grow.”

     
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"The corporate team at pdt handled the buy-out with great skill and professionalism. Noel and Graeme worked tirelessly to get the job done and gave us commercially sound advice on many difficult and complex issues. I would like to thank Noel, Graeme and pdt for all their help."

Kevin Finn, Chairman
Autologic Diagnostics

 
Noel Ruddy

Noel Ruddy
Partner, Corporate

Tel: 01403 831206
Email: nruddy@pdt.co.uk

Graeme Barron

Graeme Barron
Associate

Tel: 01403 831228
Email: gbarron@pdt.co.uk