Image may be NSFW.
Clik here to view.
Further to last month’s news of a mooted MBO approach (see here), AIM-listed software and BPO provider for the financial services sector, Parseq, has advised that CEO, Rami Cassis, backed by Nova Capital and HarbourVest Partners, wants to buy out the company at an indicative 7.5p a share. Parseq’s shares closed at 6.5p last Friday, much as where they were after the possible bid was revealed. HarbourVest was one of the private equity owners of Australian accounting software firm, MYOB, recently acquired by Bain Capital (see here).
You can read the history for yourself in the UKHotViews archive (but only if you are a TechMarketView Subscription Service client, natch), but it has not been a happy time for Parseq of late (see Parseq warns on weak BPO business). The company is a bit of a hodge-podge of diverse businesses and well needs sorting out. This is probably best conducted out of the gaze of the public eye.
