Case Study: ICA
Deal History
Founded in 1993, ICA is a leading document management solutions provider servicing SMEs in the South East of England. Its core business is reselling and maintaining Ricoh and Toshiba office printing equipment, predominantly to the commercial, public, education and healthcare sectors
Investment Opportunity
Foresight’s four VCTs have committed £2 million of equity capital for a significant minority stake, to support the management buy-out of ICA. The investment will enable the development of ICA’s sales-orientated growth strategy.
Sonia Powar of Foresight will sit on the company’s board, and Andy Nash, a seasoned private equity investor with more than 20 years experience across a broad range of sectors and has been involved in eleven MBO/MBI transactions, will join as non-executive chairman.
Company Strategy
Under the new management team, ICA will seek to significantly enhance its sales and marketing activities to drive the acquisition of new customers and maximise service revenues to consolidate its strong market position.
