Buckingham advises management team on the Management Buy-Out of Rollalong, the building hire business.

Buckingham Corporate Finance has advised Rollalong Hire's Management Team in a £10m MBO. Barclays Ventures has provided the backing for this transaction.

Rollalong Hire provides portable accommodation on short-term hire to high profile events such as The Wimbledon Lawn Tennis Championship, The Notting Hill Carnival and The London Marathon. In the year to 31 December 2006 Rollalong Hire is expected to achieve an EBITDA of £2.5m.

The Business was founded in 1968 and for many years was part of the Hanson Group. It operates on a national basis across England from eight regional hire centres and provides a range of portable accommodation units such as offices, secure stores, welfare units, toilets and classrooms to the construction, education, local authority and events sectors.

The UK hire market for portable accommodation is worth £450m p.a. It has been growing steadily since 2002 and is expected to benefit from the forthcoming London Olympics which will create significant demand for the business' portable accommodation and site amenity products.

Barclays Ventures backed the incumbent management team, led by Managing Director, Neil Hickton. John Brown, ex- CEO and founder of Speedy Hire Pic (a c.£400 million market cap business), has joined the MBO team to become non-executive Chairman. The deal was entirely funded by Barclays Ventures which quickly secured and executed the transaction. In due course Barclays Ventures intends to refinance a proportion of their loans to the Business.

The Business plans to spread its geographical coverage by selective acquisitions and new depot openings.

Commenting on Buckingham's role, Neil Hickton, MD of Rollalong Hire said:

"Ian Leaman and Mike Simson jumped straight into action immediately after we first met in mid-February. Within just 4 hectic months, they found us backers, negotiated the deal with the sellers and Barclays Ventures and expertly guided us through the obstacles to completion which, at times, seemed insurmountable. Their dedicated, commercial, hands-on support made all the difference in making this MBO happen. They became our trusted advisers and we hope to continue to benefit from their input and expertise during the future development of the business."

6 July 2006

Ends

Further information:

Buckingham Corporate Finance:
Ian Leaman, Director, 020 7798 2832

Rollalong Hire:
Neil Hickton, Managing Director, 07971150900