Macdonald Henderson advises on IT deal
Macdonald Henderson has advised the Turnkey Group on the disposal of Turnkey Business Software (TBS) and Turnkey Infrastructure Solutions (TIS) to Kick ICT Group, led by technology entrepreneur Tom O’Hara.
Founded in 2015, the deal is Kick’s sixth and seventh in six years as the business maintains its focus on growth and adding core skills.
The Turnkey Group has been serving customers since 1980. Barry Wood and his son Tony Wood have built a Scotland-based group of companies with a global reach.
Tony Wood, managing director of Turnkey Group, said: “Both TBS and TIS are high quality businesses, and it’s been a pleasure having them as part of the Turnkey Group. The sale of those businesses will allow Turnkey to focus 100 per cent on our IPS insolvency platform and deliver its potential internationally over the coming years.
“Kick ICT approached us earlier in the year with a proposal, and although we are really sad to see TBS and TIS leave the Group, we felt that we have similar cultures and values, and that Kick ICT can continue to develop and invest in their future growth.
“We would like to thank all of our customers at TBS and TIS for all of their support over the years, and the staff for all of their hard work. We look forward to working with Kick to ensure that the transition is smooth and is a great success.”
He added: “It was good to have Macdonald Henderson as part of our deal team. We have worked with them for a number of years, and so with their knowledge and understanding of the business were able to drive a quick and efficient legal process.
“David [Beveridge] and Laura [McKnight] of MH facilitated the delivery of the deal on schedule, and were a pleasure to work with. We are grateful for their support and advice throughout.”