Solent: PwC celebrates triple deals success
Professional services firm PwC is celebrating after a triple success at the 2013 Solent Deals Awards.
Both Deal of the Year (over £25 million), won by the Haystack Dryers deal team, and Deal of the Year (under £25m), won by the PIMS Environmental Services deal team, were transactions advised on by the PwC deal team.
In addition, the Inventif RMA deal won Management Team of the Year, a category sponsored by PwC. Transaction services director Becky Bridgen presented the award to the company.
The acquisition of Inventif RMA, known as RMA Consulting, by Japanese IT giant NTT DATA, allowed the company to expand into a truly global reach. With a background in software design and consultancy, RMA’s two managing directors Peter Lelliott and Chris Boulter, had identified significant potential for the company to provide market-leading, user-led rich internet application software platforms addressing complex business problems for global corporations.
In the space of three years, they grew the company from £3.5m turnover to over £8m turnover on disposal and completed a number of multi-million pound design and installation projects for international banks and public sector organisations.
They also developed significant corporate relationships, including working with Adobe to be the preferred outsourcer for complex design consultancy projects, while also securing high value, multi-year design contracts with banks and public sector firms.
The management team completed a restructuring of the company in February 2012, allowing the exit of a shareholder, which was followed by the disposal to NTT DATA last October, with both Boulter and Lelliott remaining on board.
Due diligence on the deal was conducted by PwC.
The Solent Deals Awards, run by The Business Magazine, were staged at St Mary's Stadium, Southampton, on June 6.
