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Renaissance M&A Advises Loki Management Systems In Sale To ZeroChaos

Posted in Newsletter Archive

October 5, 2017

 


RMA advises LOKI Management Systems Inc. in sale

Renaissance Mergers & Acquisitions advises
LOKI Management Systems Inc.
in sale to ZeroChaos

Renaissance Mergers & Acquisitions is pleased to announce that LOKI Management Systems Inc. (LOKI) has been acquired by ZeroChaos.

Founded in 1987, Loki Systems Management Inc. (Loki) is a leading developer of workforce management software solutions designed for global enterprises with complex staff scheduling and payroll requirements. They have more than 210 customers in 17 countries (including US, Canada, UK and Australia), the largest with 30,000 employees.

After running Loki for almost 30 years the founders, Richard and Jo Swann, were nearing retirement age.  As a result, they were seeking to transition the company to a larger strategic purchaser with the resources and distribution channels to fully capitalize on the world class scheduling and payroll technology they had developed.

After significant research, a roster of over 75 potential acquirers was developed comprised of strategic purchasers and technology industry focused private equity groups.  Of these, 20 advanced to review the Confidential Information Memorandum.

After reviewing the Letters of Intent, the successful bidder was ZeroChaos – a multi-billion-dollar provider of workforce management services based in Florida, USA.   ZeroChaos will be able to leverage its significant resources, broad distribution channels and large existing client base to generate a strong return on their investment.

An interesting challenge in this transaction was that ZeroChaos itself was acquired by The Carlyle Group (ranked as the largest Private Equity group in the world) over the course of our negotiations.

It was Renaissance Mergers & Acquisitions pleasure to serve as the exclusive sell-side advisor to LOKI on this transaction.

Deal team:  Axel Christiansen and Arneh Khatchatourians

Renaissance Mergers & Acquisitions is an Enterprise Sponsor of the Vancouver Business Transition Forum taking place at the Westin Bayshore Hotel on November 15, 2017.

Renaissance’s own Arthur Griffiths will be the featured luncheon keynote speaking on the topic of ‘Details Matter’ and Axel Christiansen will be moderating a panel on the topic of ‘Selling Your Business to a Third Party for the Best Price and Terms’.  This panel will feature LOKI’s founder, Richard Swann, who will share his recent experience.

The Business Transition Forum is Canada’s largest event focused on helping entrepreneurs transition successfully.  We look forward to seeing you there.  As Enterprise sponsors we can offer you an additional 30% off the early bird rates – click here to register now.  If you register via this link you will be registered for a draw to win a free valuation.

If you are unable to attend we are always available for coffee!

We are a boutique M&A firm that specializes in sell-side mergers & acquisitions advisory for small to medium sized companies in Western Canada.  We have an experienced, professional team across accounting, taxation, corporate structuring, valuation, finance and deal negotiation…all aimed at helping maximize our clients value upon exiting their businesses. 

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    Mike McIsaac, CPA, CA
    President
604.629.9604
mike@rgroup.caAxel Christiansen, CFA
Vice President, M&A
604.629.9605
axelc@rgroup.ca

Arthur Griffiths
Executive Strategic Advisor
778.668.5709
arthur@rgroup.caKevin Shaw, BBA-Finance
Vice President, M&A
604.629.9613
kshaw@rgroup.caArneh Khatchatourians, CPA
Senior Associate, M&A
604.629.9621
arnehk@rgroup.ca

Contact us:
Renaissance Mergers & Acquisitions Inc.
1460 – 1075 West Georgia Street, Vancouver, BC  V6E 3C9
tel: 604.629.9600 | fax: 604.629.9601 | web: www.renma.caWant to change how you receive these emails?
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