Catalyst advises PCMS Group on its sale to a management buy-out team backed by Inflexion Private Equity

Catalyst Corporate Finance (“Catalyst”), the UK business of Alantra, has advised the shareholders of PCMS Group, a leading provider of point-of-sale (POS) software and services for major retailers such as Walgreens, John Lewis and Arcadia Group, on its sale to a management buy-out team, backed by Inflexion Private Equity. 

PCMS offers an integrated unified commerce platform for retail selling points for in-store (POS, self-checkout, self-scan) or cloud-hosted environments (eCommerce, mobile). This software is paramount in the digital retail environment creating a seamless shopping experience for customers regardless of their location and facilitating ‘on-the-go’ retail transactions. The business has over 450 employees in the U.K., U.S. and Singapore with over 140 blue-chip customers in 55 countries.

PCMS has delivered reliability and innovation to major retailers for 35 years and is one of the most trusted names in retail. Inflexion’s investment will support the company’s international expansion through its local experts in South America and Asia, as well as supporting continued software innovation.  Inflexion will also help PCMS in undertaking a smooth succession plan, backing the existing management team to take leadership from the exiting founder.

This is the 24th transaction that Catalyst has advised on this year and is the seventh  transaction it has advised in the TMT sector in 2017. Catalyst has worked closely with PCMS for the last two years, preparing the business for a transaction and negotiating terms of a deal with the buyers.

Catalyst’s team included Richard Sanders and Paul Vanstone. The Inflexion deal team comprised of Richard Swann and Ed Fraser; both of whom will join the Group’s board. 

Richard Sanders, partner at Catalyst Corporate Finance who led the deal commented: “We are delighted to have advised PCMS on its sale to an MBO team and investment from Inflexion.  This is a business at the forefront of digital retail innovation which has shown remarkable growth over the last few years.  With a strong management team in place and private equity backing, PCMS is well positioned to continue on its expansion drive.”

Tony Houldsworth, PCMS Group CEO, commented: “We are proud of the business PCMS is today. Its stellar profit growth reflects global retailers’ demand for innovative POS software and customer service excellence. Inflexion is a natural partner for PCMS; with their advanced in-house digital expertise and global reach, we look forward to working in partnership to accelerate our next phase of growth.

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Catalyst advises PCMS Group on its sale to a management buy-out team backed by Inflexion Private Equity

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