Bluebox Corporate Finance is delighted to announce the sale of The Positive Ageing Company, the UK’s leading health tech platform which addresses the challenges created by ageing in the workplace. The Positive Ageing Company was sold to Mercer, the world’s largest human resources consulting firm, terms of the deal were not disclosed.
The Positive Ageing Company has developed a SaaS solution to help organisations, employees and their families to prepare for, and manage, ageing, eldercare and ‘later life’. The software platform has already been successfully implemented across a number of blue-chip companies in both the public and private sectors.
Mike Minett, a co-founder who will continue in his role as Managing Director of The Positive Ageing Company under Mercer’s stewardship commented, “When working in a fast-growth business, it is very easy to focus too much on day-to-day organisational challenges rather than on tomorrow’s opportunities. At the heart of our exercise was identifying a global partner with shared values and ambition that not only provided shareholders with an exit, but also provided us with far wider distribution and delivery capacity. Aligning ourselves early with Bluebox, and entrusting the team to guide us through their process proved to be a highly rewarding investment from all viewpoints. Bluebox’s support significantly enhanced both the value of our business and its ‘saleability’. I would highly recommend Bluebox to business owners contemplating an exit in the next two years. The earlier the engagement the better so far as I am concerned.”
David Oakman, Director at Bluebox commented: “As the exclusive corporate finance advisor to The Positive Ageing Company, we are delighted to have successfully concluded a deal with Mercer, who represent an absolutely perfect partner for our client. By engaging early with Mike and his team, we were able to implement the key elements of our pre-sales planning programme, ‘Blue Diamond’, and ensure that The Positive Ageing Company was fully prepared when we approached the market. Critical here was identifying a partner that provides such significant distribution leverage to our client.”