MBO at DataLase
The current leadership team at coding and marking specialists, DataLase, has acquired full independence for the company through a management buyout (MBO) from Sato.
With advisory assistance provided by international audit, accounting and consulting group, Mazars, and legal advice by UK law firm Shoosmiths, the deal was led by the firm’s chief operating office and chief financial officer Clare Lewis, chief sales and marketing officer Paul Dustain and chief technology officer Alexander (Ally) Grant.
Based in Cheshire, DataLase was originally acquired by Sato in December 2016. The change in direction is centred on Sato’s strategic aim of concentrating resources on its auto ID solutions business to build sustainable growth and enhance its corporate value, while DataLase looks to push forward with increased technological advancement and to further develop its Photonic Printing offering. Recognising these differing objectives, the two sides were able to come to an agreement on the transfer of shares.
Commenting on the MBO, Clare Lewis, now CEO, said: ‘With an excellent understanding of the business and an appreciation of its future direction, the management team can now continue on the path of new product commercialisation and growing the legacy business. This new era of independence will allow us to become more dynamic and agile in our approach and, with some exciting new developments on the horizon, we look forward to unlocking further commercial success for DataLase. My thanks to Mazars and Shoosmiths for their contributions throughout the process.’
To support the changes at DataLase, the management team has undertaken a refresh of the corporate identity. The updated brand style includes the strapline ‘Connected Photonic Solutions’, referencing the innovative laser technology.
(Left to right) Alexander Grant, Clare Lewis and Paul Dustain.