Boxington advises on the MBO of Oracle specialist AppsIT
Boxington Corporate Finance (“Boxington”) has advised the Shareholders of Apps IT Limited, (“Apps IT”) on the completion of its management buy-out supported by private equity firm Collective Capital Limited(“CCI”).
Apps IT is a specialist provider of independent Oracle consultants in the UK, Europe and North America to large multi-national clients. With support from CCI, Apps IT will accelerate growth plans across North America and continue to provide its 13,000 consultants with access to the most prestigious Oracle projects globally.
Simon-Moore, Apps IT Founder-Director, commented that “we appointed Boxington for their M&A experience in technology resourcing and their sector specialist knowledge was invaluable to us in achieving an exceptional deal result”.
Boxington commented that “we are delighted to have advised Apps IT on their successful MBO. This is our third deal in the ERP software services market which remains a highly attractive niche for private equity and strategic buyers due to its long-term growth dynamics”.
Deal price and terms are not disclosed.
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