The shareholders of Indecs Computer Services Limited and Indecs Computers Limited (together, ‘Indecs’), advised by Springboard Corporate Finance, have sold their business to Daisy Group plc, in a deal valued at £18 million.
About the deal
Indecs is a market leading provider of technical maintenance and support services for business critical, IT server and cloud storage faciilities. The business was sold to AIM listed Daisy plc, one of the UK’s fastest growing unified communications businesses.
How we made a difference
- Identified and approached a global pool of acquirers;
- Obtained a range of offers for the business, allowing the shareholders to fully assess their strategic options;
- Negotiated the transaction to secure an all cash deal, whilst obtaining a strategic valuation multiple; and
- Project managed the process throughout to defend value and secure a successful completion.
David Shepheard - Chairman and Former Majority Shareholder, Indecs
We spoke to a number of advisors before deciding to engage with Springboard. We felt that they had the required experience to look after us properly and were able to give us the personal attention we needed. We are delighted that the results vindicated our choice and would not hesitate to recommend their services.