SamCorp advised on the sale of a major trading division of a well respected group in the office equipment sector, to a private equity backed competitor for a figure close to £4m.
After two decades of SamCorp successfully advising the Group on over twenty acquisitions, when the owner wished to begin divestment, SamCorp were now approached to handle the sale process.
A two year grooming strategy of this long established business culminated in SamCorp marketing the contracted office equipment service base of a major trading division.
Having identified and approached potential buyers SamCorp negotiated and secured the sale to Automated Systems Group plc, a portfolio company of Matrix Private Equity Partners, who invested in the business to support a buy and build strategy.
The owner of the Group says:
“SamCorp proved to be worth their weight in gold in dealing with numerous situations that came up and ones that we had never faced in more than 25 years of trading.”