Moore Stephens advises on the MBO of Testing Solutions Group financed by IGF Group

Moore Stephens are delighted to announce the management buy-out (MBO) for Testing Solutions Group (TSG), with a financing package by IGF Asset Based Lending.

Established in 2002, TSG is a specialist software testing company that was formed to help ensure successful business outcomes for clients’ IT systems. The company provides assurance and testing solutions, certified and practical training and recruitment services, predominantly in financial services and law.

Moore Stephens worked with the management team to structure a transaction with the vendor and introduced IGF ABL who created a bespoke and short-timetable option for TSG, resulting in a deal that included accounts receivable and a cash flow loan. Once IGF’s facility had been secured, Moore Stephens assisted the company to complete its MBO, led by Mark Watson, who was previously COO and now becomes CEO, together with co-director Matt Robson.

Debbie Clarke, Head of M&A at Moore Stephens, who advised TSG, said:
“The management team at TSG have great plans for the future, and we are delighted to have worked closely with the team to help them through a successful transaction, which will support the continued strong business development of TSG, both now and in the future.”

Mark Watson, CEO of Testing Solutions Group, said:
“I am delighted with help and advice I received from Moore Stephens Corporate Finance team, led by Debbie Clarke and Jamie Johnson, who consistently delivered a high quality service throughout. I would not have succeeded without their creativity and responsiveness, which helped us to find solutions to seemingly insurmountable challenges.”

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