Clearwater Corporate Finance has advised private equity house Livingbridge on its £12 million sale of the UK’s leading database marketing company, Occam DM Limited, to St. Ives plc.
Livingbridge originally invested £4.1 million in Somerset-based Occam in August 2004, as part of a £12 million MBO.
Occam, which employs approximately 100 staff, specialises in the design, delivery, hosting and support of database marketing services through its proprietary solutions, branded as Zebra. Its clients include the MoD, RBS, Fiat, Tesco Bank, PKR, John Lewis and the British Heart Foundation.
Main Market-listed St. Ives provides printed products and solutions to the publishing, retail and commercial markets, and had a market cap prior to this acquisition of around £64m.
Clearwater undertook the sale process on behalf of Livingbridge and Occam’s management team, securing the sale of the business to St. Ives. The deal team was led by partner, Phil Burns, supported by assistant director, Mark Day.
Phil Burns, partner at Clearwater said: “Livingbridge has helped to steer Occam through a period of notable development, and we are delighted to have realised value for the shareholders. This acquisition will allow St. Ives to broaden its suite of services, unifying its broad range of printing solutions with Occam’s data services.”