Inflexion’s management buy-out of PCMS Group

We have advised Inflexion Private Equity and the NewCo group on the management buyout of PCMS Group.

PCMS Group is a leading provider of point-of-sale (POS) software for high profile retailers, such as Waitrose, Jack Wills, John Lewis and Arcadia Group.

We provided corporate transaction advice, covering acquisition, debt, legal due diligence and equity investment.

The core team, led by Head of Corporate, Tom Durrant, comprised, Matt Lappin, Matt Smith and Sophie Denton (Corporate), Chris Fanner, Jonathan Biggs and Poppy Brown (Banking & Finance), Colin Gittus (Real Estate) and Helen Webster (Employment).

Partner Tom Durrant said: “This is a good investment for Inflexion as PCMS complements its existing portfolio of technology companies and with PCMS’s digital experience and global reach, I expect the partnership to thrive.

“I am delighted that we could support Inflexion on this significant transaction. This deal also follows on from a number of tech-related deals that our teams have recently worked on, including, advising on the management buyout of Eque2, backed by LDC and advising LDC and management on the secondary buy-out of cloud software business Giacom.”

Ed Fraser, Investment Director at Inflexion said: “PCMS prides itself on progressive digital innovation. We are delighted to be backing the experienced management team to support PCMS’s continued software innovation and international expansion. Gateley Plc’s support on the transaction was invaluable.”