OUR CLIENTS - MIKE NOVELS

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THE PREACTOR GROUP

MIKE NOVELS 

The board of directors were nearing retirement, and needed an exit strategy. We received an unsolicited approach from a company, which gave us a valuation close to the figure we had set ourselves as a target. However, having never sold a company before, we felt we needed professional help to get the best combination of price and acquirer.

WITH BCMS, WE FELT IN VERY GOOD HANDS

 

 

 

 

THE SELLER

THE PREACTOR GROUP

  • Advanced planning and scheduling software for manufacturing
  • Staff: 63

THE BUYER

SIEMENS AG

  • The largest engineering company in Europe
  • Global revenues of £71.9bn (2014)

THE FACTS

  • Companies researched: 120
  • Meetings held: 9
  • Potential acquirers included:
  • US software corporation, European solutions company, US ERP provider, UK software company

 

June 2013
Preactor Group

Related

iDeal Magazine - special edition 2018

NEW iDeal magazine

NEW IDEAL MAGAZINE

Take 10 minutes to get up to speed with the world of business sales. Our special edition of iDEAL magazine features a sector update on the live events industry, tips and advice from business owners who have grown and sold their company, plus charts and graphs to illustrate the latest trends.

  • Essential tips on growing and selling from Moonpig.com's Nick Jenkins
  • BCMS clients share their business sale experiences
  • Deal news and market trends
  • Building your management team
  • Who bought who and why? 

* This interactive version can be viewed in any modern web browser on any desktop or mobile device. The reading layout of the document adjusts for the device to provide the best viewing experience

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