March

Canaccord Genuity advises BSS Group on its acquisition of BuckHickman InOne from Premier Farnell

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 £27 million, 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. £100 million. 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 adviser to BSS Group.

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