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Transact prepares for float after sale falls through

Transact is preparing for a flotation of the business after a potential sale fell through at the end of last year.

Chief executive Ian Taylor says the platform wrote to shareholders in December to say a flotation is the most “appropriate” exit strategy for the business.

In August, Taylor told Money Marketing the firm was working towards a long-term goal of either selling the business or floating on the stock exchange.

Money Marketing reported in October that private equity firms were circling the platform, but the talks later fell through.

Taylor says: “From where we stand at the moment, a flotation is the most likely option. The most appropriate course of action is for us to continue to prepare the business for a flotation.

“There is no timetable for it at the moment and we would not rule out other options if they arose.”


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There are 5 comments at the moment, we would love to hear your opinion too.

  1. E L Wisty (an only twin) 7th January 2015 at 4:39 pm

    So the PE boys did their due diligence and walked away.

    I’m not a Transact user, but understand that the software behind this system is positively antediluvian – is that true?

  2. Perhaps a win-win would be a merger with Partnership or Just Retirement – expanding the realms of the business of the latter and providing a listed vehicle for the former which would be most complementary!

  3. E L Wisty – Antipodean dear boy, antipodean!

  4. E L Wisty (an only twin) 8th January 2015 at 2:07 pm

    @ Philip Milton

    It may have originated from the antipodes, but is it antediluvian – old boy?

  5. I suspect that actually it remains at the forefront of its field in terms of the Company’s capabilities though there are certainly things I’d change about it (wouldn’t we with all systems!). We have developed our ‘own’ through Quai which we believe is far superior to others in several ways, especially in the dealing capabilities……

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