HSBC advised on MBO funding

24th April 2023

Manjit Virdee and Kate Fox advised HSBC on funding provided to MTE Heat Treatment to back their MBO.

MTE Heat Treatment, based at a 30,000 sq ft of custom-designed facility in Slaithwaite, West Yorkshire, provides sub-contract services for the heat treatment and surface engineering of metals.

The company serves a broad customer base, including the automotive and heavy automotive sectors, marine, energy and precision engineering industries.

“Happy to have supported HSBC on another successful transaction in the MBO.  It was a pleasure working with the professional teams involved and I wish MTE Heat Treatment all the best”. Manjit Virdee

Tariq Javaid of Azets advised the senior management team, Ben Redfearn and Jason Beaumont, who have acquired the business from Geoff Windas and Nigel Dyson, who are retiring.

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