Technology Services Group (TSG), a prominent software company, has embarked on a significant transition following a management buy-out (MBO).
The acquisition, backed by Pictet Alternative Advisors, signals a new era for TSG, as its co-founders, including Sir Graham Wylie, exit the business.
The recent transaction allows Tyneside tech company, Technology Services Group (TSG), to embark on a new era following its acquisition through a management buy-out (MBO). The deal, supported by a significant investment from Pictet Alternative Advisors, marks the departure of the company’s co-founders, Sir Graham Wylie and David Stonehouse, from their roles. This strategic move enables TSG to continue its mission as a Microsoft Solution Partner, serving small to medium-sized enterprises (SMEs).
The involvement of Pictet Alternative Advisors in the MBO is strategically significant. This partnership ensures that all existing employment is preserved, and it facilitates further organic growth and potential strategic acquisitions. Pictet’s involvement underscores a commitment to enhancing TSG’s role as a prominent tech partner in the UK markets.
With the new ownership, the company plans to maintain its momentum by further capitalising on its established services. TSG’s reputation in the IT sector as a leading provider of Microsoft and cloud solutions is set to be strengthened through innovative projects and client-focused initiatives.
The strategic vision moving forward includes leveraging the partnership with Pictet to accelerate TSG’s growth through acquisitions and organic developments. Expanding service delivery in areas such as Azure, Dynamics, and cybersecurity remains a priority. Additionally, the company anticipates incorporating artificial intelligence tools, thereby broadening its technical capabilities.
Edmund Buckley, head of direct private equity at Pictet, affirms the strategic alignment with TSG’s leadership. He appreciates the entrepreneurial spirit of TSG’s management team, foreseeing a strong partnership that will aid in achieving ambitious growth objectives.
The cooperation between these advisors and legal counsel was instrumental in navigating the complexities of the deal. It ensured that all parties achieved their objectives efficiently. This collaborative effort reflects the commitment of each organisation to the success of TSG’s new phase.
The future of TSG looks promising under its new ownership and strategic partnerships. The introduction of an Employee Benefit Trust fosters engagement and gives employees the opportunity to invest in the company’s success. This innovative step underscores TSG’s commitment to its workforce and long-term growth strategies.
TSG stands poised for substantial growth and innovation, supported by its new partnership with Pictet Alternative Advisors.
As the company enters this exciting new phase, its commitment to delivering exceptional technology solutions remains unwavering.
