Screen Pages, a provider of e-commerce and marketing services, has been bought by its management. The buy-out was led by managing director Roger Willcocks and was backed by Liquidity.
Screen Pages, a provider of e-commerce and marketing services, has been bought by its management. The buy-out was led by managing director Roger Willcocks and was backed by Liquidity.
Wilcocks said: “Our management buy-out of Screen Pages confirms the passion our team shares for our clients’ success online, and renews our commitment to providing a creative, flexible and responsive service to our clients.”
Liquidity provided an invoice finance facility to cover the consideration and to provide working capital. The team was led by Jordan Shaw and Tracey Berry from the business development team. The deal was introduced to Liquidity by the vendor, Pindar Graphics.
Shaw said: “The approach we took was innovative as we worked closely with the management to ensure the security was appropriately structured to provide maximum levels of funding.”
Pindar disposed of the business after a review of its overall business strategy, in order to focus on core services.
Shadbolt provided legal advice to the management team.