Momentum responds again
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Momentum Corporate Finance has advised the shareholders of Response One Holdings Limited on its sale to St Ives plc, agreeing a deal worth up to £19 million.
The acquisition of
Response One represents a further step in St Ives’ strategy to create a
complementary range of digital and marketing services, whilst reducing its
exposure to commoditised print markets.
Up to £19 million
Not having experienced a sale process before, the advice and guidance from Momentum was invaluable. The personal service from a specialist boutique corporate finance advisor was essential and the partners at Momentum did an outstanding job. We were particularly impressed by their commitment, professionalism and entrepreneurial approach, and we would have no hesitation in recommending them to business owners considering the sale of their business.Patrick Sargeant, Managing Director
Established in 1998, Response One is one of the UK's leading and fastest growing data marketing businesses. The business helps its clients design and deliver effective customer and prospect communications through more intelligent use of data. Principal services include specialist media buying and sales; data quality insight and strategic campaign planning; and print management. By integrating these services into a single solution, Response One has created a unique offering that has transformed multi-channel marketing activities for organisations across the UK.
The business employs approximately 70 staff, is headquartered in Bath and has a strong client base including a number of FTSE 100 companies and household names.
Following the acquisition, Response One will operate as a subsidiary of St Ives and will continue to be managed by the existing management team from its current premises.
- Momentum worked with the Shareholders over a twelve month period guiding them towards a successful completion.
- Momentum's partner-led approach was key to delivering the best possible outcome for the Shareholders.
- Underlines Momentum's credentials in the business services sector.
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