It’s extremely rewarding to help a client complete the sale of their business to a buyer, unlocking clear synergies and a strong strategic alliance, creating a better outcome for both parties.
The Corporate Finance team – myself and James Cook, led by Ollie Newbold – were pleased to advise the founder-shareholders of Bankside Systems Limited (“Bankside”) on their successful exit through the sale of the entire issued share capital of Bankside to Fargo Systems Limited (‘Fargo’). Tax advice to the founders was provided by James Geary, our Corporate Tax Partner, and legal advice was provided by Barcan+Kirby LLP.
Founded in 1999, Bankside has established a strong reputation in software development and support and is widely recognised for its proprietary shipping container management platform, Intermodal Manager.
Fargo, backed by August Equity in 2024, operates in the same sector, offering complementary technology solutions to the shipping and freight industries. The strategic alignment of the two businesses formed a compelling rationale for the acquisition.
The Bankside founders will remain in the business post-transaction, partnering with Fargo to accelerate product development, align the two organisations’ strengths, and unlock the clear synergies between their respective technologies.
Reflecting on the experience, one of the Bankside founders said:
Having got to know our business really well in the two years we have been working with Randall & Payne, the Corporate Finance team were able to hit the ground running with accurate and meaningful advice when we were approached by our buyer.
Hari, Ollie and James and the rest of their team guided us through the process and provided the financial expertise we needed to assure our buyers and get the deal over the line.
They effortlessly translated buy-side queries into layman’s terms and efficiently pulled together the data needed so that we reached our goal of completing our sale on time. Thanks team Randall & Payne!”
Contact Hari Pillai for more information by emailing corporatefinance@randall-payne.co.uk or call 01242 776000.