Bluebox advises on the sale CGL

Bluebox Corporate Finance is delighted to announce the sale of CGL, a UK provider of print management solutions to both the public and private sector. The shareholders have worked with Bluebox for a little over a year, initially receiving strategic advice to ensure the business could maximise the value it would achieve and also make the eventual due diligence exercise much smoother. Pricing and other transaction details were not disclosed, but the price represented a strong multiple of CGL’s 2015 EBITDA.

CGL was founded by Bill Ballard and has grown to become one of the UK’s leading providers of print management solutions to universities, local government and other commercial clientele. In addition, the business has developed innovative software that effectively manages all stages of the print management cycle from order to sale. The software is licensed to a number of competitors, who have all found that their operations have been greatly streamlined through this implementation.

The purchaser, KPM Group, specialises in printing and fulfilment across the financial, commercial and corporate sectors. After being approached by Bluebox, KPM’s Directors saw the opportunity to further diversify their services into print management, which will lead to a more all-round service being provided to clients.

Bill Ballard, who will maintain a role as a Consultant in the new combined entity commented, “When I first engaged with Bluebox, I was hesitant as to the benefits of using an advisor to firstly, find a buyer for my business and secondly, to get a deal over the line. However, now that the deal has completed with KPM, I can honestly say that the finer negotiation points handled by Bluebox and their overall management of this process has been nothing short of first class. I would be delighted to recommend Bluebox’s services to any entrepreneur contemplating the sale of their business”.

Simon Doherty of Bluebox, commented, “We are delighted with the successful sale of CGL to KPM Group. This acquisition has emphasised the importance of effective research when trying to find the right buyer of a business. Although there was significant interest in CGL, it was clear that KPM was the logical buyer, who would ultimately be able to pay the right price. This represents our third deal of the year and a further indication of Bluebox’s ability to get deals over the line”.


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