Independent funder Bibby Financial Services (BFS), has funded telecommunications comparison company Comparison Technologies to facilitate a management buyout (MBO). 

Headquartered in Kent, Comparison Technologies is a comparison, switching and customer acquisition platform in the UK.

It reports 300,000 customers and £250 million value annually to partners in the Pay TV, broadband and mobile markets.

In July, the business required a new funding partner to enable an MBO and support its continued cash flow.

Under an MBO, a company’s management team combines its resources to acquire all or part of the company they manage.

Led by Corporate Sales Manager Michael Reid, BFS provided a multi-million-pound Invoice Discounting (ID) package.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Peter Callander, CFO, Comparison Technologies, said: “As we enter a new era of the business, it was crucial that we partnered with a funder that recognised our specific business needs and our vision for the future.

“The team at BFS have exceeded our expectations, and I am excited about what is ahead for Comparison Technologies with BFS at our side.”

Darren Miller, partner of FRP Corporate Finance, added: “Comparison Technologies is comprised of a team of hardworking and dedicated professionals, evident in the management buyout that took place in order to take the business forward.

“We’re delighted to have advised the management team on its MBO, and to have facilitated this partnership with BFS, which proved it was the best fit due to its attitude, flexibility, and commitment to matching the business’s needs.“ 

Michael Reid, Corporate Sales Manager at BFS, said: “We’re proud to be Comparison Technology’s chosen funding partner, and to assist the team at the helm of an impressive industry-leading business.”

Leasepath onboards Microsoft Copilot and Teams