BSS Group - March 2007

On 21 March, BSS Group PLC announced that it had agreed terms with Premier Farnell plc for the acquisition of BuckHickman InOne ("BuckHickman") for a consideration of £27mlion, payable in cash.

BuckHickman is one of the UK's leading distributors of industrial tools to the Maintenance, Repair and Overhaul sector with sales of c. £100mlion. In recent years, however, profitability has been low, and after conducting a strategic review, Premier Farnell began to explore exit options for the business.

Canaccord Genuity introduced the idea to BSS and advised on valuation and tactics in a competitive auction process with a number of other trade bidders participating.

Canaccord Genuity acted as sole financial advisor to BSS Group.