Prime Highlights
- Eventus Law advises Ribbonworks management buy-out, transferring ownership to Rachel Hunt, Lauren Johnston, Kirsty McFarlane.
- Deal moves Ribbonworks from founder David McClelland to management, preserving operations and customer relationships.
Key Facts
- Paul Macdonald of Eventus Law leads transaction, specialising in business succession and exits.
- Ribbonworks supplies custom printed lanyards, ID cards and branded products across the UK.
Background
Eventus Law, a Glasgow-based boutique corporate law firm, advised on the vendor induced management buy-out of Ribbonworks, moving ownership from founder David McClelland into the hands of the company’s existing management team, Rachel Hunt, Lauren Johnston and Kirsty McFarlane.
The firm handled the transaction from start to finish, structuring the deal, drafting the key documentation and steering both parties through to completion. Ribbonworks ranks among the UK’s leading suppliers of custom printed lanyards, ID cards, ID accessories and a broad line of custom branded products.
With the buy-out complete, the business gains continuity, as its experienced leadership team steps into ownership while keeping existing operations, customer relationships and product standards intact.
Paul Macdonald, co-founder of Eventus Law, led the transaction. The firm specialises in advising owner-managed businesses across the UK on succession planning and exits.
Macdonald said supporting ownership transitions for owner-managed businesses sits at the core of the firm’s work, adding that it was a privilege to work alongside McClelland and the management team to deliver a successful outcome. He said the deal shows how a well-structured management buy-out can protect a company’s legacy, support future growth and give owners a clear path toward retirement.
McClelland said selling to the management team marked an important step, adding that it mattered to him that the business remain in the capable hands of Hunt, Johnston and McFarlane. He said Eventus Law provided clear, commercially focused guidance throughout the process, ensuring a smooth transition, and expressed confidence that Ribbonworks is well positioned for continued success under its new ownership.
Read Also : Clark Hill Gives Firmwide Access to Advanced Legal AI Tools
