458 advises Bray Estates on demerger and vendor-initiated management buy out (VIMBO)

Key Highlights

  • Sector: Property
  • Category: Consulting
  • Deal Type: Demerger and VIMB0
  • Deal Size: £X,000,000


458 acted for experienced chartered surveyors Bray Estates (Property Management) Limited on its pre-transaction carve-out by way of a three-cornered capital reduction demerger, and subsequent vendor-initiated management buyout. Michael Bray, the owner and founder of Bray Estates, had spent the last 29 years building the business that provides a personal tailored property consultancy service to its clients across the UK. Hamilton Blake provided tax advice to Bray Estates alongside Ellis Atkins Chartered Accountants who provided accountancy advice. 

James Smith of 458 said: “We are thrilled to be able to facilitate the demerger and VIMBO for Michael and the Bray team. When considering succession plans, SMEs and their owners often need to demerge real estate assets before selling the trading entity and Bray was no different in this case. We worked closely with the HB tax team to demerge the investment properties from the trade and  deliver a successful exit. We wish Michael and the Bray team all the best going forwards.”

Michael Bray’s comments

Nathan and James at 458 were introduced to me as experts in demergers, MBO and business succession. In my case, they worked well with the other professionals, made the process clear and easy to understand and were on hand to assist whenever needed. I will recommend them to my clients and any others who need this specialist advice.”