CFI advised the management of ComputerWorld on its management buy-out
Cardiff – CFI UK acted as the exclusive corporate finance advisor to the Management Team of ComputerWorld Holdings Limited, by CEO John Armstrong, on it’s management buy-out.
ComputerWorld is a managed services provider and value-added reseller delivering expert-led business IT solutions, consultancy and training services typically within a managed support wrapper. The business specialises in Infrastructure Modernisation, Workspace Transformation and Security Solutions and partners with Dell EMC, VMware and Microsoft amongst others.
ComputerWorld had a turnover of £14.5 million in 2017 and is headquartered in Bristol. It also has an office in Cardiff and employs 42 people.
The management team, comprising John Armstrong, Barry Coombs, David Wynn and Jonathon Pine, has led the company for over ten years and the buy-out is the result of a long-term succession strategy. The vendor, Mrs Emma de Haes-White and Chairman John Hollingdale will retain an involvement in the business.
John Armstrong commented, ”the team is very proud and honoured to have successfully completed the MBO. We are delighted to have retained the involvement of all previous stakeholders whilst giving a new ownership structure that will enable the management team to deliver the strategic plan for the business over the coming years. Computerworld is committed to providing a premium service and the MBO will enable this focus to continue and for us to build on our range of services which we see as a real plus for our customers“.
CFI UK has acted as lead advisors on the transaction. CFI UK’s team was led by Geraint Rowe and Tim Brotherton. Legal advice to the MBO team was provided by Acuity Legal, led by Stephen Berry and Tom Saunderson and legal advice to the Vendors was provided by Bruce Roxburgh and Philip Edmunds of Roxburgh Milkins.
Tim Brotherton of CFI UK commented, “The management team has guided the company through a successful growth period in recent years with the company building a reputation for its quality of service and expertise in specialist areas. The buy-out will enable the management team to continue to ensure that the company provides its customers with the level of service and in-depth knowledge that they have experienced to date”.
Related
Software & IT Services
Management Team has completed a Buy-Out of
Transaction details
The Management Team, led by CEO John Armstrong, has completed a management buy-out of Computerworld Holdings Limited, an expert business in IT solutions, consultation, training, recruitment and support
This transaction was advised by:
Geraint Rowe
Partner, Managing DirectorOur latest transactions
Business Services
has been acquired by
Transaction details
Swedish HR and staffing expert Prodea has been acquired by Consolid
Food & Beverage & Agribusiness
have acquired
Transaction details
French bakery group Occipain (La Panetière) has been acquired by Arterris, UI Investissement and Crédit Mutuel Equity to fuel the next stage of its growth
Consumer Goods & Retail
and
have been acquired by
Transaction details
Asia Exchange, the biggest study abroad organisation for adults, and Edunation, an international student recruitment company, have been acquired by Keystone Education Group