The public-to-private takeover of AIM-listed GRC International Group plc (GRC) was implemented by a scheme of arrangement under Part 26 of the Companies Act 2006.
Ely-based GRC is a well-established player in the governance, risk management, and compliance market, servicing more than 7,500 SME clients across the globe.
GRC was identified by Bloom Equity as a business with a solid offering in the cybersecurity space and Bloom Equity believes that, with its operating resources, GRC can realise more growth opportunities within the market.
Bloom Equity has had significant successes as investors, board members and operating executives in tech-enabled services and software businesses and believes that this experience and its network in the cybersecurity sector could be of great advantage to help scale GRC to the next level.
Mills & Reeve corporate partner, Jonathan Greenwood, who led the team with principal associate Emma Plaxton, advising GRC, said: “It has been a pleasure to support GRC over the years, and we are thrilled to assist the group as it enters its next stage of growth. With Bloom Equity behind it, we have no doubt that the business is well positioned to capitalise on its existing platform and deliver an exciting future.”
Alan Calder, group CEO of GRC International Group, said: “The team at Mills & Reeve proved invaluable in getting the deal over the line. As always, their calm and considered approach combined with excellent legal skills and commercial acumen ensured our needs and ambitions were best served as the business moves to its next stage of development.”
GLC was also advised by Wyvern Partners and Singers Capital Markets. Bloom Equity was advised by Fladgate LLP and Cavendish.
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