Independent corporate advisory, Acuity Advisors, has acted as exclusive corporate finance advisor to KnowledgeCenter Ltd, to secure agreement from Charles Taylor plc to purchase both the business and its assets.
Established in 2001, KnowledgeCenter provides tailored business solutions to the insurance industry with its market-leading business process management and document management software applications. KnowledgeCenter work at all stages of a project’s lifecycle from initial project definition, through analysis and design, solution development, implementation and product or solution training.
Charles Taylor plc is a leading international provider of professional services to clients in the global insurance market. The Group has been providing professional services to insurance clients since 1885 and today has around 1,000 staff in 49 offices spread across 25 countries in the UK, the Americas, Asia Pacific, Europe and the Middle East.
KnowledgeCenter will become part of Charles Taylor Insurance Services, which provides professional support services to clients in the Lloyd’s, London and international (re)insurance markets. The acquired business will, under the ownership of Charles Taylor, trade as Charles Taylor KnowledgeCenter Limited. The Acquisition is in line with Charles Taylor’s strategy to deliver growth in its core Professional Services businesses. It provides the Group with a competitive advantage on key technology products and processes which it can combine with its own service provision. In addition, KnowledgeCenter has well-established client relationships with leading managing agents and insurers in the Lloyd’s and London insurance markets which will complement those of the Group.
Kevin Osborn, a founder and managing director of KnowledgeCenter and the other directors of the business will be instrumental in driving the business forward under Charles Taylor’s ownership.
Richard Baker, partner at Acuity Advisors, worked closely with the KnowledgeCenter team and led the process. “Although KnowledgeCenter’s technology is primarily focused on the insurance market, we wanted to ensure that we did not limit our search simply to companies that focused on this sector. For this reason we undertook a thorough market analysis for KnowledgeCenter and targeting a broad array of companies to find the right purchaser and strategic fit. We are delighted with the outcome and the future that Charles Taylor is able to provide for KnowledgeCenter.”
Kevin Osborn, managing director of KnowledgeCenter complements Acuity on their professionalism throughout. “Our software offering has broad market appeal and we wanted a corporate finance advisor who could unearth interest across different sectors and in different geographies. Acuity’s approach was both pragmatic and systematic and we were very impressed with the interest they generated for the company. The sale to Charles Taylor is a fantastic opportunity for KnowledgeCenter and we could not have achieved this outstanding result without Acuity at the helm.”
Our software offering has broad market appeal and we wanted a corporate finance advisor who could unearth interest across different sectors and in different geographies. Acuity’s approach was both pragmatic and systematic and we were very impressed with the interest they generated for the company. The sale to Charles Taylor is a fantastic opportunity for KnowledgeCenter and we could not have achieved this without Acuity at the helmKevin Osborn KnowledgeCenter
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