Mills & Reeve have advised the management team of Eley Limited in a £42 million management buyout.  Eley is a world renowned manufacturer of rounds for the target shooting market and its Tenex product has helped to secure a significant number of medals at recent major shooting events and competitions, including the London 2012 Olympics. The Eley Group currently employs more than 120 staff and in 2014 is forecast to generate turnover of £17million.

Mills & Reeve has advised the existing management team of Eley Limited regarding the buyout from global engineering FTSE 100 business IMI Plc. Private equity company LDC has backed Eley Group's existing management team led by managing director Andrew Lane.

Our team was led by corporate partner Peter McLintock, who said: “We were pleased to be able to help Andrew Lane and his team get the best from the buyout deal that will support Eley Group’s future plans. At Mills & Reeve we’re dedicated to helping businesses secure the funding that will ensure their ambitions bear fruit.”

Peter was supported by associates Richard Lobban and Anna Youngs, along with solicitor Niall McCooey.