First Hosted Limited
“Darren and I had invested over ten years to build FHL into a substantial technology business. We had reached a natural crossroads where we had to decide push on for growth independently or become part of a larger organisation that might accelerate the growth programme as well as giving us a return. With almost perfect timing, we were approached by RSM with a proposal to buy the business.
RSM’s proposal had obvious attractions but there was some way to go before we could reach an agreed deal. We had never been in such a situation before and we were introduced to John to give us some support and guidance.
Appointing John was one of the best decisions we could have made. He helped us understand the transaction process, negotiated a deal we were very happy with and provided guidance though the twists and turns on the path to completion. His advice was delivered in a friendly and constructive fashion and he was always available – some of the calls we had on the weekends proved to be the most critical in the whole deal!”
Andrew Peddie – Managing Director First Hosted Limited
First Hosted Limited (FHL) was acquired by RSM, the global audit, tax and consultancy firm, for an undisclosed sum in a transaction advised by Skye Corporate Finance and Flint Bishop Solicitors.
FHL is a multi-award winning Netsuite partner, providing customised Netsuite products, solutions and services to clients in Europe and beyond. The business, based in Crewe, was owned by directors Andrew Peddie and Darren Birt both of whom joined the RSM organisation as Partners on completion of the transaction.
RSM’s acquisition of FHL makes them the largest Netsuite partner across Europe, with a team of almost 100, providing clients with both greater reach through RSM’s the UK and global network, and a breadth of skills and capabilities that ensure greater collaboration with the businesses its serves.
Skye Corporate Finance was appointed by the shareholders of FHL to appraise the initial offer made by RSM and then negotiate and structure the transaction. Skye also project managed the deal to completion working closely with legal and tax advisers.