A Transcend Corporate team, led by Partner Chris Bill, has advised the shareholders of Curo Professional Services Ltd on the sale of their business to Dains.
Curo is a strong two partner firm based in North Worcestershire providing accountancy and tax services to a high quality international client base across a range of sectors. Led by its founders Anna Madden and Julia Gallagher, the Curo business has enjoyed significant organic year on year revenue growth throughout its 20 year history. Curo distinguishes itself by providing “Big 4” calibre skills and technical expertise, while maintaining a more personable, flexible and approachable offering. Services provided include audit, accounting, business & personal tax planning & compliance, plus M&A work and statutory compliance.
In searching for the right buyer for Curo, Transcend reviewed the market-place and identified the most suitable potential home for the business in terms of both culture and geographic fit. Focused discussions with a small number of shortlisted buyers delivered strong offers for Curo and a sale was quickly concluded with Dains.
The fit between the two businesses was quickly very clear, and discussions around bringing Curo into Dains were successfully held throughout the sale process. Curo senior staff who met Dains leadership as part of this process were also happy that Curo would be in good hands as part of the growing Dains group.
Anna Madden commented “From our first discussions with Chris and the Transcend team it was clear that they had a deep understanding of the dynamics of our sector and how to optimise our shareholder value through a sale. Approaches to potential buyers were handled discreetly and Transcend knew exactly who to speak to”.
Julia Gallagher added “The sale process went smoothly and quickly. The Transcend team were very supportive and helped us through each step, working closely with Shakespeare Martineau our chosen legal advisors for the sale. The whole Transcend team was a credit to the firm”.
Chris Bill concluded “It has been a pleasure working with Julia and Anna and helping them find the right home for their business. We know the business services landscape very well and were able to access potential buyers quickly. With consolidation building momentum in the sector, we are well placed to support other owners of similar practices to consider their options and realise the value they have created.”
The Transcend Corporate team was Chris Bill, Craig Nash and Amolak Mann.
Legal advice to the shareholders was provided by Michael Stace of Shakespeare Martineau.