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Beovax Computer Services Ltd
Transaction:
Company Sale
Sector: TMT
Completed: September 2013
Meridian advised the shareholders of Beovax Computer Services Ltd on their sale to Pervasive Networks Ltd.
Established in 1992 and based in Newmarket, Beovax provides engineering driven IT solutions and support services to SME, corporate and public sector clients predominantly based in the UK and Guernsey.
Pervasive Networks are based in Newbury, Berkshire with an office in Manchester and are a leading integrator and managed service provider for secure business network, mobility and security solutions.
John Livesey, Beovax's founder and majority shareholder said "The whole sale process demands a range of expertise far beyond the scope of the average business. With finite resources and limited experience in the sale process, it is essential to engage with a company such as Meridian. Darren and his team led the way throughout, from IM production to final day negotiations. I simply could not have completed the sale without them and would consider their fees money well spent. I would thoroughly recommend Meridian, they are an absolute pleasure to work with and have a sense of humour when it really matters!"
Darren Thompson, Partner at Meridian commented “No deal is straightforward and we worked closely with John and the acquirer to overcome a number of obstacles. Ultimately, this is a great strategic fit for both parties - the acquisition allows Pervasive the opportunity to expand its managed services offering and consolidate its position in its marketplace as well as providing them with an extremely experienced team.”
Legal advice to Beovax was provided by Emma Gibson and Robert Pook of Shoosmiths’ Reading office with Simon Arthur of Lamb Brooks advising Pervasive.
