EOT recommended cash offer for Business Control Solutions Group

Deal typeM&A
IndustryBusiness Services & Financial Services
Client nameBusiness Control Solutions Group Limited

Business Control Solutions (BCS) is a UK management consultancy group focused on the financial services market. After the group de-listed from AIM in 2009, it experienced a growth in employee ownership from 3% to 55%. The Board decided that it would be beneficial to the future of the group to be fully-owned by its employees. In a complex transaction subject to the UK Takeover Code, BDO provided independent financial advice to BCS.

"The Offer for Business Control Solutions Group Limited by an Employee Ownership Trust was a pioneering transaction under the Takeover Code and from our very first meeting, BDO showed a genuine interest and real enthusiasm for what we were trying to achieve. The BDO team quickly grasped what was needed to make the transaction possible and were able to adapt their advice to the unique deal structure required. Their transaction management skill allowed for a very smooth process, from the initial conceptualisation right the way through to the offer being made and ultimately declared wholly unconditional. I would have no hesitation in recommending BDO based on our experience."

Paul Brock, CEO, Business Control Solutions Group Limited