Blue Sky help IPI Solutions through to successful multi million pound exit

IPI SolutionsBlue Sky Corporate Finance has successfully supported international software provider IPI Solutions Ltd through its initial concept to a £5.54m exit in the winter of 2016.

Blue Sky Corporate Finance first helped the founder of IPI Solutions Ltd to secure a £35k investment from a local proof of concept fund back in 2005 to help turn an idea articulated in PowerPoint into reality – a couple of bank loans (2006) and an equity investment (2008) later and the pace gathered and a market leading software application serving the Aerospace and Automotive sectors with customers across the globe emerged.

Blue Sky helped with all aspects of the growing pains, from pricing strategies, key customer/partner contract negotiations and employment matters and supported them with a comprehensive mix of accountancy services including bookkeeping, accounting, credit control, payroll, taxation and company secretarial services.

As the business began to flourish Blue Sky assisted with the delicate process of buying out some of the minority shareholders and preparing the business for its ultimate exit. Blue Sky took the lead role in the negotiations, project managing the sale mandate process, corporate and personal tax planning and working with all of the stakeholders to secure a painless and smooth transition.

Brian Harvey, MD, of IPI Solutions Ltd noted “Blue Sky has been alongside me throughout the ups and downs of the business. They helped me to raise finance to get the business started and to support its growth. They also provided an outsourced back office administration and finance service as the business grew and have been a sounding board for me as new opportunities and challenges came along. Without their calm confidence, assurance and help I am 100% sure that I would not have made it through the emotions of the exit process.”

Paul Heaven, MD, of Blue Sky Corporate Finance observed “We have worked with Brian and his team from the inception of this business; which was little more than a good idea set out in a pitch deck through to its ultimate exit. This is a classic example of how we can work with an owner/manager through the various lifecycle phases of a business, adding value along the way and then assist them with the management of the exit process. More than most this is a business for which I feel an element of personal pride.”

IPI Solutions was acquired by Ideagen Plc in December 2016.