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Meridian advised the Shareholders of ProcessFlows (UK) Ltd on the sale of their company to the UK subsidiary of global technology company Konica Minolta Inc.
ProcessFlows are a Winchester based technology and software provider with over 27 years’ experience in the capture, processing, management and delivery of documents, voice and data. They have over 1200 customers across a broad spectrum including NHS, Central and Local Government, Legal, Banking, Insurance and most commercial sectors.
Konica Minolta Business Solutions UK Ltd a wholly-owned subsidiary of Konica Minolta Inc., Tokyo, Japan, forming part of its Business Technologies business area.
Darren Thompson, Director at Meridian, acted as a Non-Executive and in an advisory capacity.
Speaking of the deal process Chris Thompson, Managing Director of ProcessFlows adds “We purchased ProcessFlows in a management buy-out in May 2015 and subsequently sold the business to an international corporation just over a year later. Meridian were involved at every stage: assisting us with the uncharted territory of the MBO, helping us make wise commercial decisions, as a board member and being on hand throughout the disposal process to ensure we obtained the most favourable outcome. I would have no hesitation in recommending Meridian as advisors and colleagues to any business considering similar corporate ventures.”
The deal allows Konica Minolta to further develop and deliver complete and sophisticated process-based IT services for new and existing clients across the public sectors.
