£9.1m acquisition of Route Monkey named as Deal of the Month by Finance Monthly
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Following the successful sale of Livingston-based Route Monkey Limited to Trakm8 Holdings plc for £9.1m, we are delighted to announce that the deal, and Corporate Finance Directors John Hunt’s role in the transaction, have been recognised by Finance Monthly and named as Deal of the Month for April.
John has over 20 years experience in Corporate Finance working both in the accountancy profession and industry, where he worked in the electric utility sector in UK, Scandinavia and USA. The accolade highlights his role in carrying out a detailed buyer targeting process which spanned Europe, USA and the Far East and ultimately lead to 18 expressions of interest resulting in a deal which offers considerable benefits to both parties.
John commented on the deal, “The benefits for both Trakm8 and Route Monkey are considerable; not least that both have the opportunity to cross sell its products and services into the other customer base. For Trakm8 the deal brings additional services and for Route Monkey access to greater market exposure along with the financial and operational benefits of being part or a larger Group.”
Commenting on the deal and KBS Corporate’s involvement, Route Monkey Chief Executive, Colin Ferguson, said: “KBS Corporate worked with us from the onset of the sale process and identified numerous potential acquirers. Ultimately, Trakm8 emerged as our preferred choice and KBS worked closely with our legal advisers to deliver a result which was excellent for the company, our shareholders, management team and employees.”