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Last updated: 11 Mar 2021

Buzzacott advises GuideSmiths on exit to DCSL Software

Our Corporate Finance team are delighted to have advised international software development business GuideSmiths on exit to DCSL Software in a deal worth £12.3m, backed by private equity firm Queen’s Park Equity.

We are pleased to share the news that DCSL Software has acquired GuideSmiths in a deal supported by our Corporate Finance team. We acted as lead advisers to GuideSmiths in the acquisition worth £12.3m, backed by private equity fund Queen’s Park Equity.

GuideSmiths is an outsourced software development house based in the UK and Spain, and DCSL Software is a multi-award-winning software development and digital transformation specialist firm. The merged group, which will become DCSL GuideSmiths, will now have a team of more than 250 across six locations in UK and Europe, and a combined turnover of over £20m. Its clients include international brands such as MailOnline, Pearson Education, Centrica, Bourne Leisure and the Medicines & Healthcare Products Regulatory Agency (MHRA).

The acquisition expands the business's offering to include large scale digital transformation, delivery of discrete agile projects, team augmentation and the creation of world class bespoke software.

Buzzacott’s advice was invaluable throughout the process. Not only did they help us in achieving a strong exit, they adeptly advised us through every step of the process. I want to thank the whole team at Buzzacott. We genuinely couldn’t have got to this point without them.

Glenn O'Grady and Felipe Polo Ruiz, Co-founders of GuideSmiths