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Corporate team advise on MBO

Schofield Sweeney's corporate team have advised the management team of manufacturer TEV on their buy-out of the business. The MBO was backed by fund manager YFM Equity Partners.

TEV designs and makes cooling, heating and refrigeration equipment from its Brighouse site, where it employs 56 people. 

The management team of Tony Hammersley, Chris Chisman and James Carr-Smith, supported by chairman Chris Brown, is now looking to invest in sales and product to accelerate the growth across all areas of the business.