“Working with KCP is very much a case of ‘what you see is what you get’ – they are very easy to deal with.”Ted Goold, Non-exec Chairman | MiGlass
The company is a leading UK glass processor. It provides specialist B2B glass processing services across a range of niche sectors, focusing on service, quality and innovation. Established in 1936, Birmingham-based MI Glass is one of the largest independent, specialist glass processors in the UK, supplying a wide range of products, including toughened glass and mirror, to the retail, transport and street furniture markets, amongst others.
KCP invested £2 million, backing two members of the management team to buy-out a retiring manager and private equity investor. The transaction structure gave significant equity to the two leaders of the MBO and also created an option pool to incentivise second tier management.
During our investment we:
Secondary MBO by the management team in October 2018.