Servelec

Park Place advised Servelec on the implementation of a management incentive package following the group being taken private in a £224m deal funded by Montagu Private Equity.

Founded in 1977, Servelec is a Sheffield-headquartered technology group that has significant intellectual property with a strong technology and engineering heritage. Servelec now provides software, hardware and services globally to the healthcare, social care and education, oil and gas, energy and utilities sectors.

The business was listed on the London Stock Exchange in 2013 and was subject to a take-over bid from Montagu in late 2017. Following the subsequent de-listing, Park Place was engaged to advise the company on the design and implementation of its management incentive package.

Tim Simpson, who led the advice to the company, commented “we are delighted to have worked with CEO Alan Stubbs and Montagu to agree this package. It is great to be involved again with a business I have worked with since the 1990s, during which time Servelec has developed hugely yet still has exciting plans to continue growing.”

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