Red Box Recorders / ISIS Equity Partners
Cavendish Corporate Finance is pleased to announce the sale of voice recording specialist Red Box Recorders to ISIS Equity Partners.
Red Box Recorders is one of the world’s fastest growing voice recording companies, operating in the global $2bn voice recording market. Based in Nottingham and with offices in the US and Asia, the company provides compliance based call recording services across a range of sectors, including financial services and emergency services. It’s voice recording systems, marketed under the name “Quantify” are simple and easy to install, and incorporate smart, reliable technologies using a frame based recording engine which allows for multiple telephony inputs into a single server.
Joe Stelzer, who led the transaction for Cavendish commented:
“The voice recording sector is expanding fast driven by increasing compliance and regulatory demands and this deal will help ensure that Red Box Recorders can take full advantage of the growth opportunities that the market offers. The company’s technology is world-leading with some unique features, which should help underpin its increasingly international expansion. ISIS Equity Partners’ experience in the TMT sector and its knowledge and expertise in some of Red Box’s target sectors, such as Healthcare and Financial Services, makes them an ideal investor to help take the Company forward and enhance its competitive position in the market.”
Ian Worthington, founder of Red Box Recorders, commented:
“I would just like to say thank you very much for all your efforts to get this deal over the finishing line. It certainly had some sticky moments along the way, not least of which the day before signing. You did say it would be a roller-coaster ride and it certainly was!
We are delighted with the result both personally and for the company and the support from Joe, Anya and the Cavendish team during the process was invaluable.
“We are delighted to have secured this transformational funding. The open market does not serve everyone and the funding enables us to provide a choice to many more sellers. We would also like to thank Jon, Ben, Steph for their efforts – they provided invaluable advice and hands-on support throughout the process, providing us with a trusted advisor that saw the transaction through to completion.”
We are delighted with this transaction as Celtech is a class-leading developer of cloud-based retail and wholesale management solutions. The acquisition allows the Group to offer the very latest in RMS technologies to existing and new customers and extends the Group’s product offering into wholesaling and new geographies such as Ireland. It is expected to be earnings enhancing in its first full year of ownership.
In Thomson Reuters, we found a strategic buyer that shares our commitment to the rule of law. We have a proven track record of enabling the courts’ digital transformation of the UK. We are optimistic that with Thomson Reuters global footprint we will be able to help courts around the world to continue to operate effectively and efficiently into the future.
We’d also like to place on record a huge thank you to Jon, Sam and the Cavendish team. From identifying Pelican Capital through to providing advice and support throughout the due diligence process, Cavendish deserve a great deal of credit for delivering the fundraise in an exceptionally challenging environment.
This marks a significant opportunity for our partners, customers and people as we become part of the global Kyocera family and continue the journey we started back in 1988. When looking for an advisor we wanted someone with an international network and experience of working with buyers both here and overseas. Cavendish had the expertise to facilitate the transaction and the support they provided was invaluable. The Cavendish team, did an excellent job managing the process and ensuring the smooth closing of the transaction in a timely manner. They were always professional and aligned with our shareholder goals – many thanks to the whole team.
We made absolutely the right choice in appointing Cavendish. Michael Jewell and the team were instrumental in getting us the deal we wanted. I would have no hesitation in recommending them to anyone thinking about a sales process.
Cavendish introduced us to GE and managed the negotiation and coordinated the transaction due diligence. Their involvement was instrumental to the deal being successful.
When looking for an advisor we decided we wanted someone who had specific experience in negotiating within the Private Equity space. It requires some additional skills to those needed in a trade sale and we were lucky to have found in Cavendish, a company that was able to help us.
This marks a significant opportunity for our partners, customers and people as we become part of the global Kyocera family and continue the journey we started back in 1988. When looking for an advisor we wanted someone with an international network and experience of working with buyers both here and overseas. Cavendish had the expertise to facilitate the transaction and the support they provided was invaluable.
The Cavendish team, led by Nick Jones, did an excellent job managing the process and ensuring the smooth closing of the transaction in a timely manner. They were always professional and aligned with our shareholder goals – many thanks to the whole team.
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