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          DWF advises on management buy-out of CMS Window Systems

          DWF has advised on the management buyout (MBO) by Maven of Scottish business, CMS Window System (CMS), a manufacturer of premium windows and doors. This is the fourth investment made by Maven’s UK Regional Buyout Fund.

          Date: 03/04/2019

          Established in 2006, CMS specialises in designing, manufacturing and installing energy-efficient and environmentally-friendly products, including PVCu and aluminium windows, doors and curtains. 

          DWF corporate partner Gary Macdonald advised the management team who were backed by Maven Capital Partners on this transaction which includes the largest equity cheque ever written by Maven.

          Executive Partner of DWF's Glasgow office Paul Pignatelli led the team which advised CMS's selling shareholders alongside corporate director Tom Maxwell and solicitor Eilidh Durkin. Tax advice was provided by partner Caroline Colliston and solicitor Freya Gibb. Senior associate Vicki Thomas advised on pensions, associate Jennifer Wright on employment, associate Scott McGeachy on commercial matters, solicitor Mikela Rochford on banking and partner Paul Mason and associate Calum Raine on property matters.

          Gary Macdonald said: "The team at DWF are delighted to have advised on all aspects of this successful MBO which will see the business continue with its growth strategy."

          Related people

          Paul Pignatelli

          • Partner // Executive Partner Glasgow

          Caroline Colliston

          • Partner // Member of Diversity & Inclusion Leadership Group

          Jennifer Wright

          • Senior Associate

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