Occam Systems Ltd – Another Successful Management Buy-Out

Blue Sky Corporate Finance Ltd has advised the management team on the successful management buy out of Occam Systems Ltd for an undisclosed amount. The recently completed transaction was financially backed by a high net-worth individual (Business Angel).

Occam Systems Ltd is a Ludlow, Shropshire, based independent software vendor and supplies systems used by colleges and universities to manage student accommodation.  The company boasts that 1 in 3 of the ‘Times Top 100’ universities use its software.

Blue Sky is a Birmingham and Bromsgrove based corporate finance boutique and helps the owner managers of small and medium enterprises looking to buy, sell or raise finance for their business.

Paul Heaven, Managing Director of Blue Sky comments “A transaction of this type is made slightly more complicated by the fact that different parties have differing interests in the various legal documents that emerge during the process. The financial backer and the management team sit on the same side of the table during the negotiations of the contract to acquire the company but they have a different perspective when it comes to the negotiation of the shareholder agreement. In these circumstances it is important that the buy-in management team are properly advised.”

David Wilkes, now Managing Director of Occam and head of the management buy-in team commented “A management buy-out is not a transaction that most entrepreneurs encounter every day.  It’s easy to think that because you know the business you don’t need advice.  In reality you’re dealing with professional advisors acting for the investor as well as those acting for the seller – your personal needs and those of the business can get pulled in both directions.  Having Paul on hand to guide me, provide independent advice, and to review the mass of documents you have to sign was an immense help.  Particularly in the couple of weeks leading up to completion it meant I could still find time to sell, critical to any business! ”

Legal advice to the company during the transaction was provided by Harrison Clark Solictors in Worcester and advice to the vendors was provided by George Green Solicitors of Cradley Heath.    

For further information about Occam Systems Ltd, please visit www.occamsystems.co.uk

Blue Sky Corporate Finance is an independent consultancy practice based in the West Midlands.  We specialise in helping the owners/managers of small and  medium enterprises to become investment ready, start up a business, raise finance, to sell a business, to undertake management buy-outs/buy-ins and to make corporate acquisitions. We work with most of the national and local equity investors including venture capital funds, corporate venture funds, development capital funds and business angel networks. We work closely with national and local banks and other lenders providing asset finance, secured and unsecured loans and trade finance. We also work with national and regional grant providers.