Technology, media and telecommunications
The media and technology industry has proven time and again that it’s home to some of the most agile, resilient, and innovative businesses around. We take this agility and creativity into our work with the sector, finding new ways to help businesses improve and expand. Many of our media and technology specialists have spent years in the industry so they understand both the challenges you face and the technical solutions to them.
Technology, media and telecommunications and deal services
Over the past three years, we have completed 163 deals, including 107 deals involving PE. Explore some of our highlights below.
CASE STUDIES
BrightBridge
RSM’s M&A and private equity team has advised on the sale of BrightBridge Solutions Limited, a leading UK digital transformation solutions provider, to private equity house FPE Capital LLP.
Founded in 2015, BrightBridge Solutions is a cloud ERP and CRM subscription, implementation, and support services specialist for mid-market and enterprise customers. Its solution capabilities focus on Oracle NetSuite ERP, Microsoft Dynamics 365 CRM and Dynamics 365 Finance & Supply Chain Management.
RSM UK was engaged as the lead advisor to assist the shareholders in finding a strategic investor to partner with BrightBridge as it continues its impressive growth journey. Following a highly competitive process, FPE Capital was selected as the preferred acquirer. FPE Capital LLP is a specialist software and services mid-market investor. Along with its investment in NoBlue2, the acquisition of BrightBridge will position the group as the leading Oracle NetSuite partner in the region and present significant growth opportunities for the combined group.
We are very grateful to the team at RSM UK who executed a professional process, delivering exceptional value and securing a fantastic home for BrightBridge. Their advice was invaluable in helping us evaluate our options. We are excited for what the future holds for everybody involved in the group going forward.
Ian Robertson, Sales Director
BrightBridge Solutions Limited
Roald Dahl Story Company
RSM's M&A team has advised Roald Dahl Story Company (‘RDSC’) on its landmark sale to Netflix.
The deal joins together Netflix and RDSC to bring some of the most well-known and beloved stories to new and existing fans around the world, and presents an exciting future for the Roald Dahl brand, globally.
Netflix is the world’s leading OTT media company, and the transaction will build on the existing partnership with RDSC in delivering more premium content to its 200-plus million subscribers.
With over 300 million books sold, and characters known and loved around the world, Roald Dahl is acknowledged as one of the greatest British novelists and storytellers of all time. RDSC owns the intellectual property (IP) to all the novelist’s works and, having previously agreed a fixed term IP rights deal with Netflix in 2018, the acquisition marks a natural next step for the business.
RSM’s M&A and Private Equity team supported RDSC and Roald Dahl’s grandson and managing director Luke Kelly, providing strategic advice and leading key negotiations around transaction mechanics and protecting and enhancing valuation. The transaction team at RSM was led by Connor Agnew and Helen Brocklebank, with support from Davin Kandola.
RSM UK provided invaluable support and advice throughout, going far beyond to help in ways both tangible and intangible across the transaction.
Gideon Simeloff, Entertainment and Commercial Director
Roald Dahl Story Company (RDSC)
NEC Software Solutions
RSM's M&A team has advised NEC Software Solutions UK Limited (‘NEC’) on its divestiture of public safety and control room software business, Eagle NewCo Limited (‘Eagle’), to Codan Radio Communications Pty Limited (‘Codan’).
Headquartered in Japan, NEC Corporation is a multinational IT, software and electronics company with c.£17bn global revenue. Eagle, a carve-out from NEC’s UK operations, is a leading provider of mission critical control room communication and workforce management solutions. It supplies over 100 emergency services and transport customers across the United Kingdom, Europe and the Middle East. Eagle’s solutions are currently used by more than two-thirds of police forces in the UK, as well as by major transportation hubs and airports.
Codan is a global leader in software solutions, with operations across Australia, North America, Europe, the Middle East, Africa and Latin America. The purchase of NEC’s assets is expected to complement Codan’s core public safety market and its recent acquisition of Zetron Inc, a US-based control room software provider.
A multi-disciplinary team from RSM advised NEC on its carve-out of the Eagle assets. The deal was led by RSM’s M&A team, with support from its due diligence team who carried out a complex vendor due diligence exercise. RSM’s tax team also advised on tax structuring.
We are grateful to RSM for their unwavering support throughout this entire process. Their global network and knowledge of the software market has allowed us to find a great home for our colleagues at Eagle. We couldn’t have achieved such a great result without them.
Steve Ainsworth, Executive Director
Public Safety at NEC
Caboodle Technology Group
RSM’s M&A and Private Equity team advised on the sale of Caboodle Technology Group (‘Caboodle’) to Access People, a division of The Access Group, a leading provider of business management software to mid-market organisations across the UK, Ireland, and Asia Pacific.
Founded by Catherine Bennett in 2009, Caboodle provides its market-leading platform to support organisations in rewarding, recognising and retaining their workforce. The company operates out of its head office in Sandbach and services over 500,000 employees with its platform, offering one of the widest ranges of benefit schemes on the market.
Having worked with Caboodle previously, we were engaged as lead advisers to help the shareholders find the right partner to continue the company’s impressive growth journey in the rapidly expanding employee benefits market. Following a full marketing process, Access People was selected as the preferred partner – due to the business and cultural fit, and the opportunities that being part of Access People will bring to Caboodle.
The acquisition by Access People, which employs around 5,000 staff, will support the expansion of its range of HR services. Both organisations will work together to invest and develop software that will provide customers with a more comprehensive and seamless HR service.
We achieved a fantastic outcome for the shareholders and found a great home for the business. We’re hugely grateful to Nick and the team at RSM for their support, guidance, and management through the whole process. I would highly recommend them to anyone looking to enter a process.
Catherine Bennett, Managing Director
Caboodle Technology Group Limited
DEAL CARDS
Brightbridge
Acquirer FPE Capital
Sector Technology
Sub sector IT Services
Caboodle
Acquirer Access People (The Access Group)
Sector Technology
Sub sector Software
Celerity Limited
Cellular Solutions Holdings Limited
Acquirer Communications Plus Limited
Sector Telecommunications
Sub sector Telecommunications & IT
Dancerace Plc
Acquirer Newable Capital
Sector Technology
Sub sector Software
DriveWorks Group Limited
Acquirer Bechtle AG
Sector Technology
Sub sector Software
FISC Global and FISC Limited
NEC Software Solutions
Acquirer Codan Radio Communications
Sector Technology
Sub sector Software
Pinnacle Health Partnership LLP (PHP)
Acquirer EMIS Group Plc
Sector Technology
Sub sector Software
Practice Labs Systems
SelectScience Limited
Acquirer Vespa Capital
Sector Media
Sub sector Marketing communications/digital agencies
Seven Telematics Limited
Acquirer Connexas Group
Sector Telecommunications
Sub sector Telematics
Spotlight
The Roald Dahl Story Company Ltd
Acquirer Netflix Inc
Sector Media
Sub sector Motion picture and TV production
Townsend Music Limited (Buy Side)
Acquired Artone B.V’s
Sector Media
Sub sector Music and sound