KBS Corporate Advises on Sale of Harvest Systems Support
Harvest Systems Support, which trades as Raycon, is a leading IT consultancy, operating in the financial and media sectors and working with a wide range of clients to deliver a first-class service. The company is based in London and has clients across London and the South East, the majority of whom provide repeat and reliable custom.
The shareholders of Raycon approached KBS Corporate with the sale of their business in order to facilitate their retirement plans. During initial discussions it became apparent that the shareholders wished to retain as much of the company identity as possible, including staff retention.
This shaped KBS Corporate’s highly successful research strategy which resulted in 162 interested parties being identified. KBS Corporate was able to utilise these high levels of interest to produce a competitive bidding process.
The ultimate offer came from Portuguese based Eurotux, as part of their international expansion plans.
Following completion the current shareholders will remain with the company, in order to enable a three-month handover consultancy period.
Raycon was advised by Corporate Deal Executive Matthew Sibley at KBS Corporate.