4 September 2013
Press ReleasesThames Valley and South Coast accountants James Cowper Kreston has provided advisory services to the shareholders of Eclipse Marketing Limited on the successful acquisition of the business by US-based firm Stericycle, Inc. The company is now part of Stericycle, Inc's business unit ExpertSOLUTIONS.
Founded in 1988, Eclipse Marketing, based in Berkshire, is a UK top 40 agency specialising in CRM and database solutions to blue chip clients. The acquisition provides Eclipse with future potential growth opportunities, enhancing contact and geographical reach with a range of customers globally.
Listed on the New York Stock Exchange, Stericycle, Inc. is a global leader in the provision of product recalls, disposals and sustainability services, aiming to protect society and minimise risk. The unit of ExpertSOLUTIONS assists companies with a range of marketing solutions for the promotion and safeguarding of brands. As a leading company that carries out similar operations, Eclipse Marketing is an integral part of the firm's continual development in marketing services.
The transaction once more utilised the extensive experience of James Cowper Kreston Corporate Finance, with the Nick Rogers, Head of James Cowper Kreston Corporate Finance, overseeing the process, ensuring that the vendors' exit value was maximised and protected, whilst also co-ordinating a number of other specialists within James Cowper Kreston including tax partner Chris Lee and his team. The appointment of James Cowper Kreston also ensured the continuation of the daily operations of Eclipse Marketing Limited with minimal disruption. The process was completed in three weeks - a rarity given current economic conditions.
David Pickering, Chairman, Eclipse Marketing said: “We needed the support of a team who were focussed in managing the due diligence process and who shared the desire to make the acquisition happen within the timescales that suited both businesses. We were in good hands from the start with Nick Rogers at James Cowper Kreston LLP and the deal was transacted efficiently and smoothly.”
Nick Rogers, Head of Corporate Finance at James Cowper Kreston LLP commented: “This is an excellent deal allowing the shareholders of Eclipse crystallise the considerable value they have built since 1988. To complete the deal from start to finish in such a short timeframe was a challenge and was down to hard work and commercial advice at key points of the process. Eclipse has been a valued client of James Cowper Kreston for over 10 years and we have been aware of their exit objectives for some considerable time so it is particularly satisfying to assist David Pickering and Penny Hutton to achieve them. I have every confidence the combined businesses will be very successful into the future.”
Nick Rogers, Partner, James Cowper Kreston LLP, +44 (0)118 9590261, or email
