Grant Thornton advises Seetec Business Technology Centre Limited Seetec Business Technology Centre Limited has been sold to an Employee Ownership Trust (EOT)

December 2019
Seetec Business Technology Centre
Adviser to Seetec Business Technology Centre on their sale of a stake to an Employee Ownership Trust
£undisclosed
Grant Thornton team
Business support services
Sell side
Corporate finance
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We are delighted to have advised Seetec Business Technology Centre Limited on their sale to an EOT.

Seetec Business Technology Centre Limited (“Seetec”) is a leading provider of high quality, outcome driven, end-to-end skills, employability, justice & health services. Our team provided advisory services. 

We advised Peter Cooper and the Seetec management team on the initiation, preparation, structuring and execution of the  (EOT). 

As the advisor, we assisted Seetec in preparing a business plan, leading negotiations, co-ordinating with external stakeholders, project managing the due diligence process, supporting the legal drafting process and project management of the fund raising to completion. 

We ran a process to obtain and negotiate optimal offers for the facility. By driving an efficient process and providing commercial advice, we were able to ensure that the objectives of all stakeholders could be met in delivering the transaction within the agreed timetable. 

The sensitive nature of the work undertaken by Seetec required the team to work closely with management and the debt provider to ensure that all parties to the transaction had an in-depth understanding of the business and the funding requirement. 

Our extensive experience in raising debt finance has resulted in a solution that facilitates the continued growth ambitions of Seetec whilst facilitating the transition of ownership into an EOT. 

Testimonial

“Grant Thornton understood our business, values and objectives from the start and were able to combine their experience in the Justice, Employability Skills and Training sector with their exceptional knowledge of the funding market in order to deliver a transaction in a timely manner. Doug and the team provided high quality guidance and support which delivered a funding facility that meets our needs from a provider that understands our business and goals. I would highly recommend them to anyone looking for high-quality advisors.”

Peter Cooper Chairman, Seetec Business Technology Centre Limited

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