Springboard Corporate Finance is delighted to announce that it has advised on the management buyout of Manchester-based legal accounts software company Quill.
About the deal
Quill, the Manchester headquartered legal accounts software and outsourced cashiering expert, has been acquired by its management team led by Managing Director Julian Bryan.
Quill is the UK’s leading independent supplier of legal practice management software, specialist book keeping and payroll services. Fast growing Quill has seen turnover increase 35% in the last five years under Managing Director Julian Bryan’s direction. Quill has a team of 90 across its four regional offices situated in Manchester, Liverpool, Redcar and Colchester.
The MBO team was advised by Justin Sparks and Robert Johnson. Justin commented “We were delighted to support Julian on his latest project to acquire a majority equity stake in Quill. Quill has built an outstanding market leading proposition in both its technology and outsourcing offerings. We wish the team success with the ongoing development of the business under their ownership”
How we made a difference
- Advised the management team throughout all stages of the process;
- Supported management on the preparation of their financial projects and business plan; and
- Supported negotiation of pricing and structure with the vendor and debt providers.
Julian Bryan, Managing Director - Quill
With Springboard I know I am getting thought-through advice and guidance based on experience and knowledge of the market. It was always very reassuring to have calm and professional support on hand throughout the process.