Randall & Payne LLP advise Des Mcmanus in the acquisition of a majority share in FFS Beauty.
FFS beauty is a female shaving company that promotes sustainable, cruelty free products whilst providing women with a quality product. FFS beauty is a UK business winning awards in the beauty industry since 2019. At FFS beauty they place importance on reducing their impact on the environment and even set up their own in house recycling scheme for customers. FFS beauty created the first ever metal handled razor for the female market which won product of the year in 2019 and this was only the start of their mission to introduce quality to the overlooked women’s shaving industry.
Prominent advisors supported the management buyout of FFS beauty as Des McManus takes over as executive chief. As one of the founding shareholders of this business McManus is confident that FFS will thrive in the coming years rising in the industry as a quality product for women.
The deal facilitated the exit of a shareholder combined with refinancing of the business for the next stage of its growth plans.
James Geary, Corporate Tax Partner at Randall & Payne, provided advice around the structure of the deal to ensure overall tax efficiency, as well as to preserve Enterprise Investment Scheme status for minority investors, dealing with the associated advance clearances from HM Revenue & Customs.
The deal was led by Debretts Private Finance with the legals being handled by Ansons.