Acuity Advisors advise Neopost on its acquisition of DCS, a leading UK supplier of document and information management software
Independent corporate advisory, Acuity Advisors, has acted as exclusive corporate finance advisor to Neopost Ltd, the UK subsidiary of the European leader in mailing solutions, in its acquisition of UK based Data Capture Solutions Ltd (“DCS”).
DCS, headquartered in Slough, provides a wide range of information management software and service solutions targeted at improving business efficiency. Established in 1996, DCS has built strong partnerships with over 300 clients to supply software, solutions and services, across multiple market sectors. During this period, DCS have successfully evolved their services from document scanning into fully-fledged document and business process automation and applications including their own software IP.
The strategic acquisition will enable Neopost to advance its expansion of services and technology beyond mail solutions into communication management as their customers continue to integrate physical and digital inbound communications.
Acuity Advisors have an exceptionally strong track record in the document management sector, having advised on the sale of document scanning specialists Capital Capture Ltd to PHS Group plc; the sale of KnowledgeCenter Ltd, the leading provider of document management and business process solutions for the insurance market, to Charles Taylor plc; and the sale of document management company Preview Services Limited to Cintas Corporation.
Richard Baker, partner at Acuity Advisors, who led the process, commented: “We were appointed by Neopost to scour the market for suitable acquisitions that would be an excellent strategic fit, enabling the company to extend its core business in the UK in to new digitally-led business process activities. Acuity secured the mandate based on its excellent track record and in-depth sector knowledge of the document management space, as well as its reputation for excellent partner-led client relationships.”
Mike Stone, Managing Director of Neopost UK, commented: “Acuity supported us throughout the entire acquisition process; from scanning the market sector for candidate companies through to day to day support and advice in the days before completion. Acuity were pragmatic and very supportive throughout the process and they clearly understood not only the sector dynamics but also the strategic rationale underpinning the deal.”
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“Acuity supported us throughout the entire acquisition process; from scanning the market sector for candidate companies through to day to day support and advice in the days before completion. Acuity were pragmatic and very supportive throughout the process and they clearly understood not only the sector dynamics but also the strategic rationale underpinning the deal.”Mike Stone Managing Director, Neopost UK
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