Catalyst advised the founding shareholders of PCMS on the sale of the company to the existing management team backed by Inflexion Private Equity.
PCMS offers an integrated unified commerce platform for retail selling points for in-store (POS, self-checkout, self-scan) or cloud-hosted environments (eCommerce, mobile). This software is paramount in the digital retail environment creating a seamless shopping experience for customers regardless of their location and facilitating ‘on-the-go’ retail transactions. The business has over 450 employees in the U.K., U.S. and Singapore with over 140 blue-chip customers in 55 countries.
PCMS has delivered reliability and innovation to major retailers for 35 years and is one of the most trusted names in retail. Inflexion’s investment will support the company’s international expansion through its local experts in South America and Asia, as well as supporting continued software innovation.
What difference did we make?
We worked with shareholders to assess the options available to them. Following a comprehensive review of the business and market we advised shareholders that an MBO backed by a financial sponsor would best support the growth of PCMS going forwards.
We helped the management team to prepare the business for sale, including the creation of a business plan, population of an electronic dataroom and building a financial model. Discussions began with a select group of private equity houses who held initial meetings with the Management team. Inflexion Private Equity quickly emerged as the front runner and were granted a period exclusivity sufficient to carry-out due diligence and complete a transaction.
Post transaction we also worked with Inflexion to raise debt finance.