Festive season ‘wraps up’ 5 deals for Dains Corporate Finance

Dains is delighted to announce the completion of a stream of deals during December with 5 completions in 3 days.

Roy Farmer,Corporate Finance Partner, commented: “This strong finish has capped a vintage year. The five deals involved sales of a service based software reseller and a texting specialist, sale of a builder’s merchant and the acquisition of a specialist food packaging business. This range reflects the diversity of businesses with which we deal on a day to day basis in the Midlands. There is a common theme, however, in that each client is a locally based business providing excellent customer service with entrepreneurial ownership.”

This is exemplified in the sale of Collstream to the venture capital backed group, Esendex.

Collstream was founded in 2005 and is a multiple award winner of business and entrepreneurial awards. It helps its clients to connect with new customers, grow existing relationships, and reduce administrative overheads, using SMS, Voice Messaging and Interactive voice recognition systems. Millions of text and voice messages are managed on behalf of its clients every week.

Roy concludes: “We’ve had a great 2014 but we are already focused on the year ahead. We are encouraged that deal activity in the UK market has picked up and we are optimistic that conditions are in place for a continuing improvement in transaction volumes and business values in the coming year.”