Wilson Partners Corporate Finance are pleased to announce that we recently advised the Shareholders of Jupix Limited on their sale to Property Services Group (PSG) backed by Lloyds Development Capital (LDC).
Jupix is a leading and fast growing property software business based in Brackley, Northamptonshire.
The transaction provided a successful exit for the shareholders, placing the business into a perfect fit with the growth ambitions for PSG. It was also a success story that started over a coffee with Mark Goddard the CEO of PSG, and was ultimately negotiated honestly but aggressively in the knowledge of all parties that this was an opportunistic, non-competitive process.
Not unusually, the deal only came about by combining a number of elements: fit, price, structure, integration, timing and trust, coupled with strong negotiation from the outset to set the scene for a clear and structured deal with a well planned roadmap to completion for all parties.
Oliver Gleave, Managing Director and Shareholder of Jupix said:
“This deal made sense for many reasons. It certainly achieved our goals financially but also our business has found a perfect fit with PSG for our people and customers. Anyone who has been through a sale process before will know that this can be a long, complicated and stressful time. I can confidently say that, without Adam and his team at Wilson Partners, this deal could not have happened, and was managed in a way that there was very little disruption to the business.”
Mark Goddard, CEO of PSG said:
“Adam and the team at Wilson Partners ran a professional and tight process from the start, working closely with the Jupix management team to ensure the deal structure, timetable and subsequent information flow was clear and consistent at all times. This made our interactions very easy allowing for a fast deal to be done in a very straightforward way which worked for all parties. We now look forward to working with Oliver and Tom to build on their success.”
Adam Wardle, Director of Wilson Partners commented:
“We are delighted for Oliver and Tom on completion of the sale and we can already see the smooth integration into PSG. At the same time, we are really pleased with the candour and professionalism shown by Mark and his team at PSG and Alastair Weinel and his team at LDC on this important deal.”
Founded in 2005, Jupix is the fastest growing property software company in the UK, with an innovative cloud-based estate agency and property management software system used by more than 5000 estate and lettings agents
The Property Software Group is the UK’s largest supplier of software, technology and design solutions to the property industry. Its portfolio includes market leading residential sales and property management software and web design services.
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This deal made sense for many reasons. It certainly achieved our goals financially but also our business has found a perfect fit with PSG for our people and customers. Anyone who has been through a sale process before will know that this can be a long, complicated and stressful time. I can confidently say that, without Adam and his team at Wilson Partners, this deal could not have happened…Oliver Gleave, Managing Director,