28 Feb 2019
Aberdein Considine’s corporate team have advised on the management buy-out of Glasgow based e-commerce business liGO.
liGO, which was founded in 2003 and is one of the UK’s leading electronics suppliers, provides phones, headsets, two-way radios and other electronics to commercial and private consumers. The business employs 15 people at its Glasgow head office and warehouse. The firm is planning further growth after expanding its product range and services into a number of areas and markets over the last few years.
Funding to support the buy-out, which was provided by Barclays Corporate, allowed David and Mairead Brophy to buy out its founder and outgoing CEO Sam Amdjadi. David and Mairead will now take ownership of the business and will continue to support its growth strategy.
David Brophy is now CEO of liGO.
Aberdein Considine advised on the deal, with legal support provided by Corporate Partner Michael Currie and Commercial Real Estate Partner David Orr. The Barclays Corporate deal team was led by Alistair Stewart and Stuart McAleese.
Commenting on the deal Michael Currie said:
“We were delighted to work with David and Barclays on what was a landmark deal for both. David’s commitment and expertise as finance director has been critical to the success of liGo and we look forward to supporting his future growth now as owner and CEO.”
David Orr added:
“It was great to have to opportunity to advise on and help deliver this deal, using our knowledge of the market to provide the necessary guidance and expertise.”