Springboard Corporate Finance advise on legal technology MBO


 

Springboard Corporate Finance is delighted to announce that it has advised on the management buyout of Manchester-based legal accounts software company Quill.

About the deal

Quill, the Manchester headquartered legal accounts software and outsourced cashiering expert, has been acquired by its management team led by Managing Director Julian Bryan.

Quill is the UK’s leading independent supplier of legal practice management software, specialist book keeping and payroll services. Fast growing Quill has seen turnover increase 35% in the last five years under Managing Director Julian Bryan’s direction.   Quill has a team of 90 across its four regional offices situated in Manchester, Liverpool, Redcar and Colchester.

The MBO team was advised by Justin Sparks and Robert Johnson of Springboard Corporate Finance. Justin commented “We were delighted to support Julian on his latest project to acquire a majority equity stake in Quill.  Quill has built an outstanding market leading proposition in both its technology and outsourcing offerings.  We wish the team success with the ongoing development of the business under their ownership”

How we made a difference

  • Advised the management team throughout all stages of the process;
  • Supported management on the preparation of their financial projects and business plan; and
  • Supported negotiation of pricing and structure with the vendor and debt providers.

The client on Springboard

“With Springboard I know I am getting thought-through advice and guidance based on experience and knowledge of the market.  It was always very reassuring to have calm and professional support on hand throughout the process.”

Julian Bryan – Managing Director, Quill


WHAT OUR CLIENTS SAY

"The sale of Portman was a complex transaction, Springboard provided excellent support to the institutional and management shareholders throughout the process. Their practical, partner led advice was invaluable in delivering a successful outcome."
Daryl CohenVision Capital
"We are indebted to Springboard for their professional and dedicated work in successfully bringing the two companies together. Their experience proved invaluable in addressing the complex negotiations whilst allowing the management team to focus on continuing to grow the business. I am in no doubt that Springboard saved us time and energy, reduced our stress, and worked tirelessly to achieve this outcome."
Brian McCluskieTollblend
“It’s a great feeling knowing that we had a highly professional and experienced team of advisors supporting us throughout. It was invaluable having Springboard managing the whole process for us which enabled us to keep our focus on running our business. They are particularly diligent and remained 100% focused on keeping the deal fully on track and getting us to the end point.”
Hilary ScanlonAshley Kate HR