We have advised on the takeover of BCS Group by Business Control Solutions Group Employee Ownership Trust for a total consideration of £52 million. The transaction was effected by way of a UK Takeover Code regulated offer.
BCS Group is a provider of management consulting services and operational control software to the UK financial services sector. Since delisting from AIM in 2009, BCS’s employee share ownership has risen to 55 per cent at the beginning of this year. This deal sees the employees of BCS Group take full ownership of the company.
Paul said: “Attracting and retaining talent has been a huge part of BCS’s commercial success over the years and increased employee ownership has contributed to the group’s successful growth. The BCS board believe that this new ownership model will be of increasing appeal to their clients. I am delighted that we advised on this takeover and wish them every success for the future.”