Grant Thornton advises Azule Limited

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October 2018

Azule

Adviser to Azule on their sale to PCF Group

£5.6 million

Grant Thornton team

Technology, media and telecommunications

Sell side

Corporate finance

We are delighted to have advised Azule Limited on their sale to PCF Group plc.

Azule Finance is the leading provider of asset finance and leasing solutions for the media and technology sectors in the UK and across Europe.

The company has over 25 years of specialist industry experience covering broadcast, media, AV and photography which allows it to provide the best solutions for its customers.

We were engaged to advise the shareholders on a potential exit and ran a full marketing process that attracted interest from a number of parties.

PCF Group plc emerged as the preferred acquirer for the business. Peter Savage, CEO, and Gavin Scott, Managing Director, will continue to lead Azule and are excited by the future opportunities that will be generated with PCF.

We were able to negotiate and secure a deal structure that met the ambitions of the shareholders and one that delivers significant value for the business today and the future.

Testimonial

"Grant Thornton showed complete professionalism throughout the process and were excellent to work with. I would recommend them to anyone who wants a professional partner that understands both that they are dealing with a business owner and that at some stages in the process that owner needs their hand holding. A very good experience."

Peter Savage CEO, Azule Limited