Olswang acts on the secondary buyout of Marston Group

Olswang's market leading Corporate team have advised the management team of Marston Group (Marston) through the secondary buyout led by Inflexion Private Equity. The buyout led to Marston securing the institutional funding needed to expand the business.

A key driver for the new investment is the estimated £28 billion owed to various government departments due to unpaid court debts. Marston believes that its proven integrated Compliance & Enforcement recovery process can be applied more widely to reduce amounts outstanding to the taxpayer. This new investment allows Marston to significantly expand its aged debt capacity - not only in terms of court fines, but also in respect of every central government department and local authority court order across England & Wales. Marston also already undertakes more arrest warrant enforcement than any other private sector company in the UK, and this new funding allows it to increase the scale of this division.

Olswang's experienced team advised the Marston management team through the buyout process from start to finish, helping to secure a successful outcome for all stakeholders involved.

Fabrizio Carpanini, Head of Olswang's Corporate group comments: "Marston is a rapidly growing business in a unique market. This in-flux of funding will help them stay ahead of their competitors and service the UK courts system with the most sophisticated processes. Our team was delighted to assist the management team and look forward to continuing to work with them as the business grows."

Olswang's team was led by Corporate Partners Fabrizio Carpanini and Duncan McDonald, with assistance from Carsten Greve (Corporate), Stephen Smith (Tax), Neil Sargent (Finance), Libby Payne (Employment) and Anna Cope (Employment).