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FRP Corporate Finance has advised on the management buyout of Unifiedpost UK from its Belgian parent, Banqup Group.
Managing director Mark Hetem has taken ownership of the Whitefield-based business for an undisclosed sum. The deal forms part of Banqup’s strategy to refocus on core digital services.
Unifiedpost UK provides digital and print-based business communications, including document automation and postal services, for clients across sectors such as automotive, finance, pensions and local government.
The business reports an annual turnover of £6m and plans to expand in the UK and Europe under new ownership.
FRP’s Manchester team advised the deal, led by partner Daniel Brecker, manager Amy Murphy and graduate trainee Tom Parsons. The team sourced funding, negotiated terms and managed the transaction through due diligence and valuation.
Legal advice was provided by Kuits Solicitors, with financial due diligence from Claritas Tax.
Hetem said: “This marks an exciting new chapter for our team and business. The buyout allows us to continue delivering exceptional service to our customers while expanding our offering and client base.
“Working with FRP Corporate Finance, who provided exceptional advice and support, led us to Allica Bank – a funding partner that immediately understood our vision.”
Brecker added: “The postal and document services sector is undergoing significant transformation, with demand growing for digital-first solutions alongside a continuing need for physical delivery.
“Unifiedpost UK is a strong example of a business embracing this hybrid model. The management buyout creates a platform for future growth and innovation across UK and European markets.”
