PMC

Technology services provider, PMC, has secured investment from BGF, in a deal supported by our Corporate Finance team.

Founded in 2001, PMC provides consulting, professional services, digital engineering and managed services to over 120 retail, commerce and technology customers across 24 countries. The business employs 500 people across its offices in the UK and India and has a strong a loyal customer base with brands including WHSmith, National Express, Primark, Crew Clothing and World Duty Free.

It has now secured an investment from BGF, one of the UK and Ireland’s most active growth capital investors, who specialise in providing long-term minority investment support to growing companies.

The investment will support PMC’s efforts to expand its portfolio of digital engineering and managed services globally. This includes creating a new global centre of excellence in Vadodara, India, which will give PMC the capacity to double the size of its global workforce.

Our Corporate Finance team, led by Partner James Mines and supported by Senior Managers Chris Haidar and Patrick Starrett, were appointed by PMC as lead advisers on the deal. We supported at all stages of the deal, which included supporting the team through negotiations, which led to securing the minority investment with BGF.

James Mines, Partner at FRP Corporate Finance, said: “We are delighted to have worked with PMC to secure this investment. It’s a team and business we’ve known for a long time, and it’s been great to see it thrive in recent years. In BGF it has an investment partner with the resources and expertise to help the business carry out its ambitious plans to grow its global offering further, making it an exciting time for all those involved.”

Richard Lowe, CEO of PMC, added: “We sought a partner that really understood our approach to talent-driven transformation and valued our culture, deep domain knowledge, customer-first mindset and global delivery ambition.  The BGF team is fully supportive of and aligned to the incredible opportunity that the rapidly changing commerce technology landscape provides us.

“We’re grateful to James and the team at FRP Corporate Finance for their support in completing this deal. The support they provided was second to none and allowed us to secure investment from a partner that will really help us take our business to the next level.”

Shoosmiths (sell-side legal) and Osborne Clarke (buy-side legal) also acted as advisers on the deal.