Intrinsic bags buyout of the year

1 min read

Intrinsic Technology, the collaboration, mobility and cloud specialist, has won Buyout of the Year at the prestigious M&A Awards.

The win concerns the £30 million management buyoutthat took place in July, backed by private equity investor RJD Partners. Thebuyout was funded through a combination of management re-investment, equityinvestment and debt facilities.

The M&A Awards celebrate the achievements of management teams, advisers and financiers who have demonstrated their deal-making excellence through difficult market conditions. The buyout prize was judged on a range of criteria, including the raising of funds, the management of stakeholders and how the buyout intended to progress the ambitions of the business.

Adam Jarvis, chief executive at Intrinsic, commented: “This award is obviously a testament to what was a brilliantly managed MBO, but more importantly, it speaks volumes of our achievements and development since.

“The buyout set us up perfectly to continue our strategic plan and improve on our growth. We have ambitious expansion plans, and the MBO has put the groundwork in place for us to accomplish that.”