The background
Evolution Capital were delighted to advise the shareholders and management team of MSO through the successful sale of the business to the Hakim Group in 2020.
The Challenge
As the Covid-19 Pandemic spread across the globe, it was clear the availability of face-to-face meetings were to become far and scarce, meaning that building relationships between parties are harder to forge. However, despite the difficulty, our team quickly innovated to provide both our client and the buyers with virtual meetings, through which both sides quickly built a solid relationship, from which MSO were delighted to agree the sale of the business to the Hakim Group.
Advice, planning and preparation
Like many successful businesses, MSO was the constant target of advisers and brokers looking to provide a raft of services including ‘exit’ advice, business disposal services and M&A consultancy. The company responded to an approach from Evolution Capital andthe potential of an acquisition by another company was mooted.
Evolution Capital carried out a detailed study of all the company’s operations, finances and transactions to:
• Highlight the areas needing immediate changes in order to attract a buyer
• Detail an anticipated valuation after implementing the recommendations
• Identify the opportunities for up-selling and cross-selling for a potential acquirer
A successful outcome
Martin Steels, Managing Director of MSO commented “I was quite surprised by how straight forward the process was.I thought I was going into a weighty process, but the Evolution Capital team made it quite straight forward and the whole process was extremely smooth. I would highly recommend them, the EC team has been so good to me throughout the whole process.”
Evolution Capital’s Managing Director, Nigel Cook commented: “We were delighted to advise Martin Steels with the sale of the business to the right buyer in the Hakim Group.”
