CareSys Software Group

Meta was engaged to the shareholders at a time when they had received two offers from potential acquirers. CareSys’ shareholders wished to consider the best way to continue to grow the company, contemplating both private equity investment and a disposal. Jonathan Papworth, managing director of CareSys said, “Having grown the business at a good rate organically and been approached as a takeover target, Meta helped us to consider alternative growth opportunities and introduced us to a number of potential suitors. Throughout all the options we pursued, Meta showed that not only do they understand how to best present our business from a financial perspective, they also understand our market and the key players in it. I have no doubt that Meta facilitated us completing our sale with terms that were the most beneficial to us.”

Meta helped to position and negotiate the deal at a strong multiple with Vin Murria, chief executive of ACS and managed the sale process to completion. Carolyn Elliott, sales director of CareSys said, “The efficiency of Meta in assisting with our due diligence and overall management of this project, enabled us to keep focused on the day to day running of our business whilst the transaction progressed. Selling the company created a level of documentation that we had never envisioned at the outset. Meta managed all the due diligence responses and disclosures, ensuring that we were providing the appropriate information and not creating unnecessary risk for ourselves. To have Meta on hand to steer the transaction made the process significantly easier and could well have helped to ensure that there was no price erosion. I have been immensely impressed with the professional service we received.”