Boomerang Funding acquired in multi-million pound deal
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Boomerang Support Services Ltd, trading as Boomerang Funding, has been acquired in a multi-million deal by Brookson Group Limited.
Located in Bromsgrove, Worcestershire, Boomerang Funding is a rapidly growing finance provider for temporary recruitment firms. With extensive knowledge of a wide range of industry sectors, Boomerang Funding offers its clients a risk-free funding solution.
Acting as advisors to the seller, KBS Corporate developed a strategy to target a number of private equity firms which ultimately attracted over 30 interested parties. Several buyer meetings were arranged and multiple offers were negotiated before a deal was agreed with Brookson Group.
Partnered with The Riverside Company, who invested in the company in December 2014, Brookson has been operating for over 20 years providing tax management, invoicing, cash management and financial back office services for self-employed contractors and micro businesses.
With two shareholders exiting the business, Operations Director Paul Dewick will remain within the company following the sale to run the company under the Brookson umbrella.
The deal is the first of a number of acquisitions that Brookson is looking at, with Boomerang to become part of Brookson’s Outsourcing Division.