Work Profile Management Buyout

Client Existing Shareholders of QM Group

Business UK market leaders in queue management solutions for blue-chip retailers and high-street banks. In 1993, QM Group developed and installed the “Cashier Number Three Please” system in Post Offices nationwide. They now provide innovative services to some of the largest retail names in the UK including Argos, Boots, Royal Bank of Scotland, Woolworths, Matalan, Tesco, Orange and HBOS. Founded in 1989, QM Group operates from headquarters just outside Milton Keynes and employs 70 people.

Situation

The existing management of QM Group wished to purchase the business from founding shareholders Martin Christie and Terry Green.
Solution: SA Law acted for Martin Christie and Terry Green to ensure a smooth transition to the new structure. They remain on QM Group’s board to contribute innovation and commercial expertise. Although presented with a very short timeframe, the transaction was successfully completed within eight weeks. Venture capital was provided by private equity firm Advantage Capital.

Advantage Capital was represented by Edwards Geldard Solicitors.

Comment

“This has been an exciting time for QM Group and we were very pleased with the outcome.”

Terry Green
Founding Director, QM Group