Thu, 23 Aug 2018 | DIVISION SALE
Outsourcing specialist, Parseq has sold its contact centre division to Kura Group, a customer services outsourcer based in Scotland. The sale was led by executive chairman and CEO Rami Cassis and is said to have created “significant value” for shareholders.
Cassis founded Parseq in 2007 following a buyout where he was the managing director and took the company private in 2012 as a significant shareholder by setting up Parabellum Capital, his own private equity fund.
The historic core business of Parseq, its finance and administration division, will continue to operate from its existing site in Rotherham.
Rami Cassis said: "The turnaround and sale of Parseq's contact centre division demonstrates the value of investors who can deliver operational knowledge as well as capital. Too many private equity firms lack meaningful management experience, and as a result are failing to maximise the potential of the businesses in which they invest.
"The last five years have helped to shape and focus my strategy on current investments and future acquisitions. Deep domain expertise remains crucial but so does the company you keep in these ventures. My focus remains the acquisition of mid-market firms and corporate disposals in fintech, business services, oilfield services and defence.
"I now look forward to supporting the leadership team to continue Parseq's stellar growth through its finance and administration division, which has secured nine new client wins this year and has a strong sales pipeline up to 2021, whilst remaining focused on developing Parabellum Capital's investment portfolio."
Based in South Yorkshire, the £44 million-turnover business saw a successful turnaround with the return of Cassis two years ago. Headcount has now risen to about 1,700.
For more news about division sales, click here. For all our business listings, click here.
Specialises in the provision of complete UK and US tax advisory solutions for UK residents ranging from tax return preparation and planning, as well as expert consultancy services. Offers invited.
Two Partner Solicitors’ Practice based in Mid Essex. The Partners are interested in selling as a going concern due to their wish to pursue other activities but both would consider remaining as consultants after disposal to assist with a smooth transi...
Two partner solicitors’ practice on the Berkshire/Surrey borders. The Partners would be interested in potentially merging the practice with a forward looking firm for the mutual benefit of all parties. Offers invited.
The company behind the Ring and Ride services throughout the...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources