Deal Background
Doriscentral recruits early stage talent in the IT sector and develops their potential via training and mentoring programmes. Employees are placed on assignment into client organisations to deliver key business objectives.
Established in 2012, Doriscentral has grown to become a trusted and recognisable brand within the industry. Grayce Britain also offers digital transformation and business change services via a similar model. Backed by Literacy Capital, the business has grown significantly and will now incorporate Doriscentral into a shared vision of championing early talent and increasing capability.
How Langtons Helped
Langtons has worked alongside Doriscentral since its inception in 2012 and has assisted the company throughout its period of growth.
Langtons acted as lead advisors to the shareholders, providing assistance with deal structuring and support throughout the financial and legal due diligence process.
Results
From the outset the transaction was a smooth and efficient process and both parties are delighted with the result.
Geoff Smith, Grayce CEO says, "We’re delighted to be working with Doris, who share our values and a commitment to early talent. We are on a mission to help organisations witness the power of emerging top graduate talent and are extremely excited at being able to tap into Doris’s technology expertise to provide more choices to our Analysts and our Clients."
Chris McHugh, Doris Managing Director and Co-Founder says, ‘Kath and I set up Doris with one aim, to give our next generation talent the opportunities they deserve. Little did we know where that would take us all. We are delighted to join the Grayce team and excited to watch two successful businesses go from strength to strength together, providing an enhanced service for our customers and even more opportunity for our teams.’
Langtons have provided us with advice and guidance for 8 years from start-up through to our recent successful sale to private equity investors. They have been our trusted advisors; their expertise along the journey has been invaluable. The team are approachable and no question is a daft one. Our sale went through in record time and that was in no small measure down to Andy and his team.
Doriscentral - Kath Lucass
