Forbes advises on Apico International MBO

Vesty UK and Vesty Holdings, owners of the Apico brand, have undergone a management buy out with advice from Forbes Solicitors and Haworths Chartered Accountants.

This has developed into a huge distribution operation of off-road parts and clothing covering all disciplines, including motocross, trials, supermoto, trail riding, enduro and quad racing.

Vesty UK and Vesty Holdings were bought by Dylan Brown and Anna Lena Eriksson who have over 40 years experience between them.

Pauline Rigby, partner, and Nick Pickup, solicitor, advised on the transaction. Pauline said: “We wish Yrjö and Diane all the best for the future. It is positive news that banks and other funders are willing to fund your typical management buy out structure. I hope this will continue throughout Lancashire and we will see further management buy outs funded by local financial institutions.” Former three times World Trials Champion Yrjö Vesterinen commented: “Selling Vesty UK and associated assets was not an easy decision, though one Diane and I have given a lot of thought to for some time. Dylan and Anna have been both our employees and close friends for some time. We feel they have what it takes to continue with Apico and the distributed brands way into the future, and Diane and I wish them every success in their new roles as directors of Vesty UK and associated companies”.