From December 2010 to March 2011 GroValue were engaged by Daisy to assist the Daisy Board
in the acquisition of the £23m turnover Vodafone mobile service business of Outsourcery for £12m.
Matthew Riley, Chief Executive Officer of Daisy Group plc, said: "Outsourcery represents a strong
strategic fit for the Group, bolstering our mobile division through its enhanced skill set and
experience. This acquisition makes Daisy Vodafone's largest mobile managed service provider in the UK."
GroValue played a key role in the Vodafone and Outsourcery commercial negotiations, business plan, integration
plan, and detailed contract negotiations.
Having been involved in over 14 acquisition and company sale processes GroValue
can bring strong experience and a valuable toolset to clients who are either
looking for an exit or aiming to acquire.
In order to maximise value at exit it is important to prepare the business and
ensure the key areas that will come under scrutiny by potential acquirers are
in the best shape. We have a comprehensive due diligence toolset and business
review method that we can walk through in detail with a client to highlight
areas that will lower value, and then work with the client to carry out actions
to rectify these in advance of a sale.
For acquiring a business, particularly in telecoms, GroValue can greatly aid the
process and reduce the costs required with auditors and corporate finance
practices. With strong understanding of what makes a telecoms business tick we
can carry out a rapid due dilligence and valuation at a fraction of the cost,
including integration plans and how to leverage future value. This allows
clients to make early decisions on whether to proceed with a target before
incurring the expense of audit, legal and banking costs before completion.
Having decided to acquire a business GroValue can aid the legal process with key
input to the commercial and risk elements including warranty protection, and we
can project manage the integration of the target post completion to ensure that
the business plan is realised.