| Hazlewoods Corporate Finance team has assisted private equity firm, ScaleUp Capital, acquire a share of a high-tech company with an impressive list of global clients.
imageHOLDERS Limited is an award-winning provider of interactive digital kiosks for use in retail, leisure, hospitality, health, and education settings. The self-service kiosks use touch screen technology and are often used as self-service checkouts. They can also be used to place orders in fast food restaurants, track footfall at events, check in to venues, give information, provide entertainment, up-sell products or for marketing purposes. For example, cinemas use them to issue tickets and take payments, give screening times and promote forthcoming films. Temperature check cameras, fingerprint scanners, facial recognition technology, QR code scanners and biometric readers can be built into the products. imageHOLDERS has made bespoke kiosks for a range of clients including Mercedes-Benz, Amazon, the NHS, Hilton Hotels, McDonalds, NASA, Legoland and Hard Rock Café. The Dorset-based company was also recently awarded the prestigious Queen’s Award for Enterprise: International Trade 2021. ScaleUp Capital, www.scaleupcapital.com, has acquired a significant minority stake in the business and Hazlewoods carried out due diligence on the acquisition. Michael Allen, ScaleUp Capital Investment Director, said: “Our investment into imageHOLDERS was straightforward; the business has a clearly differentiated and market-leading product, as reflected by exceptional feedback from an impressive client base, in what is a significant and fast growing market. We look forward to working alongside the team to build a truly global player.” Adrian Thompson, CEO of imageHOLDERS, who founded the business in 2003, said: “We are delighted to have completed a deal with ScaleUp Capital; we were impressed by their proven track record and dedicated scaler support. We are looking forward to the next part of our exciting journey.” Rich Grover, Corporate Finance Associate Director at Hazlewoods said: “ScaleUp Capital has a great reputation for investing in businesses during the growth phase and imageHOLDERS is a progressive company with a great future. We were delighted to help with this transaction and wish both companies all the very best for a prosperous future.” If you are considering buying a business, selling your company or are looking for ways to finance your growth plans and would like to find out more about the process, please contact Rich Grover at rich.grover@hazlewoods.co.uk or call 01242 680000. |
