OUR CLIENTS - MIKE NOVELS

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