Case Study

Equinoxx

Operating out of a number of the Group’s locations, Equinoxx provide a diverse range of IT services, encompassing business management systems, mobile-friendly design, integrations, data analytics, and more.

Through an existing, established relationship with the owners / managers of Equinoxx, the Goonvean Group posed the option of a potential acquisition. Equinoxx had been trading for many years but had not managed to optimise it’s potential, a potential that with Goonvean Group’s involvement was felt to be achievable.

Investment type:
90% share capital

Amount invested:
Nominal

Date of investment:
June 2023

Solution

An agreed structure for the acquisition was reached and as such Goonvean Group took a 90% share in the ownership of Equinoxx.

Outcome

A clear and comprehensive strategic plan under Goonvean Group’s ownership was quickly devised.

The key element was the investment in the existing team, extending their capabilities by adding key staff members in critical roles so that the external commercialisation on a scalable basis could be pursued.

“The acquisition of the company and the ongoing involvement and support by Goonvean Group is precisely what Equinoxx required if it was ever to reach its true potential. To remain with the business to help develop and steer the team into its next chapter is a fantastic opportunity and also a personal privilege.”

Ross McConnell
Managing Director, Equinoxx

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