“Our decision to exit the business comes after careful consideration and planning to ensure the continued success and growth of Cardium. I am confident that Managed IT Services Group Limited shares our values and vision, and their expertise will take Cardium to new heights. I want to express my gratitude to our customers, dedicated employees, and all stakeholders who have been instrumental in our journey thus far. I am excited about the prospects of Cardium under the new ownership and look forward to witnessing its continued success. Finally, I would like to thank Stephen and the whole PM+M team for the excellent result that they delivered for myself, Paul and John.”Michael Carter, Cardium Outsourcing
Headquartered in Burnley, Cardium Outsourcing was established in 2004 and is now a respected name in the outsourced IT support services sector. Providing bespoke and fully managed Windows server solutions, Cardium Outsourcing caters for both SMEs and larger corporates. working with a range of clients operating in the tech, financial services, healthcare, retail, serviced and managed office and charitable industries.
How PM+M helped
Stephen Robinson, corporate finance director at PM+M, worked closely with Paul Monaghan, John Wilcock and Michael Carter – the joint shareholders of Cardium Outsourcing to support them with the sale of their business.
This included providing a range of comprehensive advisory deal services including the drafting of heads of terms, accounting, negotiating on the commercial elements of the transaction and supporting on all legal matters. Tax partner Roger Phillips, accounting + advisory partner Andrew Cowking and team members Waqas Ali, James Cocker, and Sarah Farragher also worked on the deal to provide advice on how to structure the deal in an efficient manner, from a tax point of view, whilst protecting shareholder value and minimising risk.
The outcome
Successful deal completionStephen and the team worked together to help the shareholders achieve the successful exit they desired
Peace of mindThe business is now in the safe hands of a buyer who can take Cardium to the next stage of development
Fully joined up approachPM+M’s multi-disciplinary approach from the accounts, corporate finance and tax teams meant that the directors exiting the business enjoyed a seamless exit, achieving the retirement they deserved
Get in touch to discover how we can help you achieve more
