Skip to main content
Monthly Archives

July 2022

Bishopsgate announces major investment in its dealmaking team.

By News No Comments

After a record-breaking year Bishopsgate Corporate Finance is delighted to announce the recruitment of Morgan Atherton as Managing Partner.

Morgan is an accomplished corporate finance professional and dealmaker, bringing over 25 years of international M&A and Private Equity experience to the Bishopsgate team. He began his career at Arthur Andersen before moving to NatWest Specialised Finance and then to KPMG in a senior position. He spent 10 years at KPMG working on a large number of international and private equity mandates, a selection of which are highlighted below:

  • Advised HBOS on the £44m MBO of Sunseeker, a £240m revenue luxury yacht manufacturer.
  • Advised LDC on the MBO of Vision Security Group, a £90m revenue guarding business.
  • Advised the owners of a digital insurance distribution business on its £30m sale to a US trade buyer.
  • Advised the shareholders (management and NBGI PE) on the £49m sale of Nationwide Autocentres to Phoenix Equity Partners.

After a successful career at KPMG, Morgan then moved in-house as CFO of Dimensions Clothing, the UK’s leading supplier of uniforms and workwear. During his time with Dimensions, he oversaw significant international growth and led numerous acquisitions and strategic projects, most recently the £50m MBO supported by LDC in 2019.

Simon Stephenson comments: “Morgan brings with him a wealth of knowledge and experience as both an advisor and also as a principal during his time at Dimensions. We believe this unique blend of experience will be invaluable to our clients, and he is a great addition to the team. We are excited about the opportunities that Morgan’s appointment will create as we look to build on significant growth achieved in recent years. Morgan has joined the team as Managing Partner which signals our intent to continue to grow and service our client base. He will be followed by two further appointments who will join the business in August and September taking the dealmaking team to 10. This investment in the team follows significant investment in both our technology infrastructure and our balance sheet to ensure we are well placed for the future to continue to provide premium advisory services to the UK’s business community.”

Morgan Atherton comments: “I am delighted and incredibly excited to be joining the Bishopsgate team during a transformational period of growth for the business. I have known Bishopsgate for many years and have been hugely impressed by its success and the achievements of the team. I am looking forward to applying my knowledge and experience to help both the team build on its strong foundations and, most importantly, our clients realise their strategic goals and ambitions.”

Bishopsgate Corporate Finance is a specialist corporate finance boutique founded in 1996 operating from offices in London and Stamford. Since its inception Bishopsgate has advised on over 200 deals with a combined value in excess of £1.5bn. Bishopsgate specialises in advising owner managers and entrepreneurs on Exits, Acquisitions, Management Buy-outs, Fundraisings and Private Equity Transactions combining significant international and sector specific expertise to deliver exceptional outcomes for its clients. Notable recent transactions include:

  • The sale of Bowman Stores to listed US business Americold for £74m
  • The cross-border sale of £9m turnover EDI software business Data Interchange to US based Epicor
  • The sale of £20m turnover gaming technology business Fanatical to TPG backed business Fandom Inc

Advised the shareholders of Data Interchange PLC, a supply chain EDI software provider, on the sale to US based Epicor

By Deal Announcements No Comments

Bishopsgate further demonstrates its capabilities in the technology and software sector by successfully advising supply chain EDI software provider Data Interchange on the sale to US based Epicor

For over 30 years Data Interchange has been developing pioneering technology for data communication. The Company now employs over 100 EDI specialists across Europe generating a turnover of £9m with high levels of SaaS revenue. The Company has a blue chip customer base and works with some of the biggest brands in the world.

Data Interchange’s B2B integration software solutions – including the company’s DiNet global EDI Network, Odex B2B communications platform, Darwin order processing solution, and XE EDI mapping tool – will help Epicor customers streamline their supply chain strategies, providing a single-source of truth to more closely manage supplier relationships, automate business processes, and plan for changing business needs. That includes support for European market protocols and standards such as OFTP2, EDIFACT, VDA, TRADACOMS and PEPPOL.

Epicor is a business software company owned by Private Equity House – Clayton, Dubilier & Rice that is based in Austin, Texas. Epicor provides enterprise resource planning (ERP), customer relationship management (CRM), supply chain management (SCM) and human capital management (HCM) software to business customers in the manufacturing, distribution, lumber/building materials, retail and automobile verticals globally.

The Data Interchange acquisition expands the reach of Epicor in European markets and adds to the company’s portfolio of B2B integration technologies, empowering customers to connect businesses and trading partners, increase efficiency, and drive value in the supply chain.

Bishopsgate further demonstrates its deep technology sector expertise with another EdTech transaction

By Deal Announcements No Comments

Bishopsgate is delighted to announce the sale of Edtech provider Pellcomp to Advanced Software further demonstrating their deep sector knowledge across the software and Edtech industries.

Pellcomp software is the market leading Case Management System (CMS) and Learning Management System (LMS) software provider to 500 UK training and employability providers. Pellcomp’s PICS platform supports the end-to-end onboarding, employer engagement, administration, delivery and management of ESFA funded and commercially delivered learning programs and provides case management for Department of Work and Pensions (DWP) employability contracts.

Advanced Software is the third largest software and services company in the UK and is owned by Private Equity firms Vista and BC Partners. Following several recent acquisitions in the education industry of digital learning provider, Smart Apprentices and functional skills provider, bksb, the acquisition of Pellcomp will see Advanced Education further extend its breadth of solutions into the education sector supporting the rapid acceleration of digital learning that prioritise the learner experience for colleges, employers and private training providers.

Gordon Wilson, CEO of Advanced comments: “We are currently seeing a rapid adoption of digital learning models with learners increasingly seeing them as more convenient and valuable compared to traditional classroom learning. This combined with personalised learning, collaborative models and a growth in gamification is transforming the sector. Skills and training providers are seeking out technology solutions to gain greater control and transparency of their learners’ progress and attainment as well as looking for tighter budgetary, funding and compliance management. This acquisition will enable Advanced Education to offer a full 360 degree learning and skills platform giving employers, colleges and private training providers an intuitive learning and skills management solution.”

The acquisition reinforces Advanced’s ambition and determined growth trajectory to become the UK’s best software and services provider.