Grant Thornton advises Sequel Business Solutions Limited Sequel Business Solutions Limited has been sold to HgCapital

July 2014
Sequel Business Solutions Limited
Hg Capital
Adviser to Sequel Business Solutions Limited on their sale to Hg Capital
£undisclosed
Grant Thornton team
  • Darren Bear
    Darren Bear
    Partner, Head of Deals and Business Consulting
Technology
Sell side
Corporate finance
UK

We are delighted to have advised Sequel Business Solutions Limited (Sequel) on their sale to HgCapital.

Established in 1993, Sequel has grown from a trusted consultancy services business to a leading insurance and reinsurance software specialist delivering a modern and powerful suite of applications which provide full end-toend management of all insurance and reinsurance business.

Based in London and Malaga, Sequel has users globally and its Eclipse suite of products now support some of the largest players in the Lloyd’s of London market. Sequel has invested heavily in innovation and continues to target new areas like risk management and health insurance.

Attracted by a proven and scalable product portfolio of mission-critical applications, an unrivalled reputation for service delivery and significant opportunity for continued growth, the shareholders had received a number of approaches from private equity and trade investors in recent years.

We engaged with the shareholders early on to assess their strategic options and explore opportunities which met the key objectives of all stakeholders.

Following a detailed assessment of their options, we advised the shareholders on progressing the opportunity with HgCapital who showed a strong appetite to structure a deal that, while meeting stakeholders’ objectives, provided a strong platform for growth, creating potential for significant future upside.

The process was carefully managed to maintain confidentiality, critical given other events in the market, and therefore requiring delivery within a tight timescale.

We led the negotiations for the transaction and completed in a relatively short-time period of eight weeks from signing of heads of terms.

Testimonial

We are delighted with the support provided by the Grant Thornton team over the years in preparing us for a transaction. Their advice has been invaluable and they introduced us to a partner that has a strong understanding of our market, allowing us to secure a great future for Sequel, and its many stakeholders. We look forward to continuing our association with Darren and his team during the next phase of our growth.

Mario Garcia Chief Executive Officer, Sequel Business Solutions Limited
Transaction