2020
finnCap have advised Castleton Technology Plc on its landmark acquisition by MRI Software. This deal, for which the vast majority of transactional work was conducted during lockdown, will accelerate development of Castleton’s cloud technologies in serving socialhousing providers.
David Payne, Chairman, Castleton Technology, comments:
“I am very grateful for your help on the transaction with MRI. Under the most difficult conditions you managed us through the process with calm good sense and great attention to our shareholders best interests. I know we made a very good choice in having finnCap as our advisors, not just on this transaction, but throughout our journey.”
Jonny Franklin-Adams, Co-Head of Corporate Finance at finnCap Group, comments:
“It has been a pleasure advising Castleton through their life as a PLC over the last decade and they are a great example of how a company can use the equity capital markets to execute its growth strategy. They developed a plan to focus on a niche sector and then executed a buy and build strategy to create one of the dominant players within that sector which ultimately culminated in a successful sale for the benefit of all stakeholders.”