MML Capital Partners (“MML”) has successfully exited its investment in Optionis to the Arkarius Group in a transaction that sees MML achieve a 2.6x return on investment. Trading under its brands Parasol and Clearsky, Optionis is a leading provider of accountancy and employment services to the UK’s flexible workforce.
MML invested into Optionis in December 2013, backing founder Rob Crossland and CEO Derek Kelly. Over the course of MML’s investment the business completed 5 acquisitions and significantly improved its quality of earnings as it shifted focus more towards a “Personal Service Company” offering.
Richard Mayers, Partner at MML commented, “having supported management to achieve a leading position in the market we believed now was the right time to return value to our investors. We have no doubt however that Derek and the team will continue their impressive growth trajectory.”
Bal Johal, Managing Partner at MML also commented, “Derek and the team continue to see significant opportunity to grow market share and we wish them the best of luck”.
Rob Crossland commented, “MML were absolutely the right investment partner for us and we massively appreciate the support and belief shown by them”.
MML’s deal team also included Robert Devonshire. Clearwater International Corporate Finance (Phil Burns/John Clarke) advised the shareholders, together with DWF (Paul Rimmer/Will Munday). Vendor due-diligence was provided by Ernst and Young (Richard Harding/James Walker/Harry Nicholson), Westminster Advisers (Lizzie Wills) and Vista Insurance Advisors (Peter Warburton).