The Corporate team at BPE Solicitors recently advised procurement, transformation and insights consultancy experts, The Retearn Group, on its entire share sale to London-based business management and change management company Elixirr International PLC.
Following the sale, The Retearn Group’s co-founders, Mark Wyllie (CEO), Simon Smith (COO) and Lee Cotsford (CFO) will remain with the group and will continue to lead the business in advising clients on driving self-funded transformation initiatives and boosting Elixirr’s capabilities to meet client demand for rapid cost savings to fund investment in strategic initiatives.
Stephen Newton, Elixirr’s Founder & CEO, said:“I’m delighted to welcome Retearn as the latest addition to Elixirr’s House of Brands. The current climate determines an even greater need for business leaders to run efficient operations, whilst the necessity to invest in growth remains paramount. Combining Retearn’s expertise in unlocking material savings for businesses with our extensive growth and innovation-led capabilities will enable our clients to accelerate investment into their biggest strategic initiatives.”
This deal marks Elixirr’s second acquisition in just over six months.
BPE’s Corporate team advised the co-founders on the sale of their business and were able to complete the transaction in just two months. Commenting on the deal, Partner Adam Kean said, “We were delighted to support Mark, Simon and Lee on this stage of their growth plan and wish them the best on their journey with Elixirr Limited.”
Mark Wyllie, CEO of Retearn Group Limited said ““We were ready for our next phase of growth and Elixirr’s unique House of Brands offers the perfect platform for this. We can maintain the brand that’s made Retearn what it is today, whilst benefitting from the value and expertise of the collective Elixirr Companies to create lasting change for our clients. Being part of Elixirr is also a brilliant opportunity for our staff to further develop their skillsets and careers. We are excited for what the future holds and look forward to the next chapter of our story as part of the House of Brands.
“We’re so glad that we had Adam, Jodele and the team on hand every step of the way providing commercial and practical advice.”