Acuity Advisors secure the sale of document management business, Preview Services to Cintas Corporation

Independent corporate advisory, Acuity Advisors secure the sale of document management business Preview Services Limited to Cintas Corporation

Acuity Advisors, the independent corporate advisory, have successfully concluded a cross-border sale on behalf of Preview Services Limited. Selected as exclusive advisor, Acuity have drawn on their unique expertise in the technology and digital media sectors to complete the Preview Services divestiture to the US multinational Cintas Corporation.

Preview Services are one of Europe’s leading document management companies. Founded in 2002, the company have a long history of delivering exceptional specialist scanning, capture and archiving services designed to improve efficiency and reduce the costs of managing and safeguarding key documents. “Over the past eight years we have built Preview Services into a fantastic 200 plus person company which offers a great range of services to a strong and growing customer base. Cintas Corporation’s acquisition highlights the value of the business we have built in an era where document management is becoming increasingly important,” commented Preview Services’ co-founder, Kathy Bruce.

“Acuity ran a competitive divestiture process for us which has yielded the very best outcome for both the company and its shareholders,” commented Preview Services’ co-founder, Chris Wilde. “Acuity found us the perfect acquisition partner which was driven from their compelling marketing materials, diligent research and significant network. Having introduced us to Cintas, Acuity then went on to handle the sale process with focus and professionalism. Acuity exceeded my expectations and delivered a result which would have been impossible to replicate without their involvement. I am very pleased with our choice of Acuity as our corporate finance advisor and I would not hesitate to use them again”.

Joe Fribourg, Cintas Corporation’s director of corporate development Europe, said, “Undoubtedly, Acuity played a pivotal role during our acquisition of Preview Services. Acuity presented Preview’s business very well and helped us to realise the strategic value it brings to Cintas. Acuity were professional throughout and managed the due diligence phase with skill and insight.”

Clarkslegal LLP acted as legal advisers to Preview. “Acuity introduced me to Preview and Clarkslegal represented them throughout their sale process,” commented Ashan Arif, Associate at Clarkslegal. “It is very rare for a transaction of this nature to complete so quickly and smoothly and this is largely down to skill and forward thinking of the Acuity Advisors team. They are an impressive corporate finance advisory firm who are motivated to get the very best results for their clients – I have no hesitation in recommending their work and I look forward to working with them in the future.”

“The sale of Preview Services once again illustrates the value of our unique approach as we continue to deliver outstanding results for the businesses we work with.” said Acuity’s partner, Richard Baker. “Acuity has maximised shareholder value and we are delighted for both Preview and Cintas.”

 

quote I had a very clear idea of what I needed in a technology corporate finance advisor. I took the selection process seriously and met with a number of business brokers several times. It was immediately apparent from the outset that Acuity was the most effective way to sell a business. quote
Chris Wilde Preview Services

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