Transcend Corporate, the Birmingham and Thames Valley based mid-market mergers & acquisitions advisory firm, has completed its third transaction since the start of 2017.
In January, partner Steve Bartlett completed the sale of AlwaysON Group on behalf of its private equity owners to Cloud Direct.
AlwaysON is a £5.5m revenue unified communications, data communication, and managed data service provider to mid-sized organisations in the UK.
Also in January, partner Ian Aldridge completed the sale of Snail Mail Limited and its subsidiary, FP Southern Limited, a privately owned business, to Francotyp-Postalia, the UK subsidiary of German listed Francotyp-Postalia Holdings AG.
FP Southern Limited supplies FP mailroom equipment to companies across the UK. The sale was part of a restructuring of the original business, which continues to trade under the “International Mailing Systems” name.
In February, partner Ian Aldridge completed the sale to a US buyer of a UK company which provides software and services for the analysis and presentation of market research data which serves 10,000 users across 24 countries, and whose owners were looking to retire.
Ian Aldridge commented: “We have had a great start to 2017, with activity at record levels and a strong deal pipeline for the rest of this year.
Transcend Corporate specialises in the mid-market, unquoted sector, working on transactions typically in the £4m to £30m range. The current strength of the UK economy is generating confidence in domestic buyers, as well as a weak pound making UK deals attractive to overseas buyers.”