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.
Offers a wide range of English language training programmes to executives and professionals based globally. Training is delivered from the company’s UK centre; however overseas seminars, online and distance learning courses are also offered. Offers i...
Highly experienced management team in place, possessing the knowledge and skills required to manage and grow the business on an ongoing basis. Operates from premises based in South England, with leasehold and freehold options available. Offers invite...
Works with clients from across the financial services industry to ensure business operations are compliant with FCA regulations. Extensive experience including advising on obtaining FCA authorisation, operational risk and regulatory compliance. Offer...
An unfinished waste-to-gas facility in Swindon has secured &...
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