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Two more CHS divisions hit the MBO trail

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More management buy outs are taking place at CHS Electronics – this time in its Irish and Scandinavian subsidiaries. In a deal approved on Monday, a consortium from Romak Computers in Ireland, Santech Micro Group in Sweden, and CHS Electronics divisions in Denmark and Norway agreed to buy out the two divisions. The businesses will have their own autonomous management team, but will share a holding company based in Denmark. This will be called Santech Micro Group Holdings, a new private joint stock company. The Nordic businesses will take back their pre-CHS names - except Santech Micro Group and Romak Computers, which will keep their current titles. The contracts for the MBO are not expected to be finalised until December. Last week CHS Electronics named Burt Emmer as its interim CFO. Emmer replaced Craig Toll, and the company said it was looking for a permanent CFO. Earlier this month Karma UK announced an MBO from CHS Electronics. ®

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