Acquisition of Staffcare Limited by SimplyBiz Limited

BDO.LiveSite.Deals.DealTypeTransaction Services
BDO.LiveSite.Deals.IndustryBusiness Services & Financial Services

BDO is pleased to announce that it advised SimplyBiz Ltd on its acquisition of Staffcare Limited. BDO provided M&A advice, along with financial and IT due diligence.  SimplyBiz is a group providing compliance and business support services to FCA authorised financial advisers.  Staffcare provides software and support to power ‘Flexible Benefits’ and ‘Auto Enrolment’ solutions to many of the UK’s largest employee benefit consultants. SimplyBiz believes that Auto Enrolment and Workplace Savings will be key markets for many of the IFA firms that they serve. Therefore, they acquired the best and most innovative business in this field.     

"To say that the team from BDO were impressive is an understatement. They helped us every step of the way through what proved to be a complex transaction with a calmness and expertise which instilled confidence in everyone involved. We were impressed by the attitude and ability of the whole of the BDO team and their commitment to getting the job done whilst ensuring an absolute focus on delivering the 'right' result. This required sound strategic judgements coupled with attention to fine detail all of which they provided with efficiency and great personal attention. We will not hesitate to use BDO in the future".           

Ken Davy, Chairman, SimplyBiz Limited