Capital SCF advises Focus Solutions in its sale to Standard Life for £48 million
Capital SCF, the technology-focused independent corporate finance boutique is delighted to announce the successful conclusion of the sale of its corporate client, Focus Solutions Group plc to Standard Life Plc for a gross consideration of £48 million.
The offer, which was unanimously recommended by the Board, valued the ordinary shares of the Focus Solutions at 140p each and represented a premium of 33.3% to the closing price of Focus Solutions shares on the last business day prior to the announcement of discussions.
Commenting on the closing of the transaction, James Clark, Director of Capital SCF said “It has been a pleasure working with the Board of Directors of Focus on this transaction and we are delighted at the result – both in terms of the value realised by shareholders, and also the strategic opportunities for Focus and its employees within the Standard Life fold.”
Richard Stevenson, CEO of Focus Solutions said: “Capital SCF’s deep sector knowledge, coupled with outstanding technical execution skills, was instrumental in our ability to deliver an excellent result for shareholders in the sale of Focus Solutions. We were delighted and impressed by the focus and diligence that they brought to the project and would have no hesitation in using them again or recommending them to others.”