The banking team at law firm Pannone has advised on the £6m management buyout of Winder Power Limited.

The Leeds-based company, which manufactures power distribution and generation equipment, is now owned by its management team, led by managing director Laurence MacKenzie, operations director Andy Pinkney, general manager Paul Matthews and finance director Jo Evans.

The deal was backed by fund manager Enterprise Ventures and Bank of Ireland UK.

Winder Power said it is on target to grow sales by 50 per cent year-on-year to £15m in the year to the end of March 2013.

Pannone provided legal advice to Bank of Ireland UK. Rob Fawke, head of the Pannone corporate banking and finance team said: "We were delighted to advise Bank of Ireland on funding the management buy-out of Winder Power, which under its new management is  in an excellent position to fulfil its ambitious growth plans."

http://www.pannone.com/media/press-releases/2013/pannone-advises-on-win…