“We were a couple of years into a five year development and growth plan when we were approached by more than one interested party. Whilst it didn’t necessarily fit with the strategy we had laid out, the parties involved were obviously very serious and the values being suggested were attractive so we felt we had to explore the opportunity.
We needed some support in negotiating, structuring and project managing the process and we turned to John as someone that the whole team knew, trusted and could rely on when potentially making the biggest business decision of our lives. John had been with us from the start when we did the management buy-out in 2006 and had helped us through a number of acquisition projects thereafter.
John’s input was invaluable in what became quite a complex and challenging exercise. As expected, he dove-tailed extremely well with the senior team at Safe and also gelled with buyer’s team which was useful during those tricky moments that occur during every transaction. I can also say that John’s negotiation skills actively and substantially improved the offer from the initial proposal to the final deal.”
Sandy Scott – CEO and Major Shareholder of Safe Computing Limited
Safe Computing was acquired by the Access Group for an undisclosed sum in a transaction advised by Skye Corporate Finance.
Safe Computing was established in 1972 and was subject to a Sandy Scott led MBO in 2006. The business grew rapidly to become one of the leading providers of software solutions to the staffing industry and also developed a HR, Payroll and Staff Screening offering for a wider audience generating revenues in excess of £18m.
Access Group is a fast growing software company backed by TA Associates, the US based Private Equity house. With over 900 staff generating revenues in excess of £68m, the Access Group provides a broad range of software solutions to business customers.
Skye Corporate Finance was appointed by the shareholders of Safe Computing Limited to assist in the negotiation, structuring and project management of the transaction.