Knight Corporate Finance, the specialist TMT corporate finance boutique, advised the shareholders of TM Solutions (“TMS”) on its sale to technology solutions provider Chess ICT. TM Solutions combines managed billing solutions, converged voice, data and mobile products, with flexible on-line interfaces. TMS is a highly respected and well know brand in the industry, remaining fiercely independent in the face of consolidation to serve the best interests of the channel. After 17 years, Co-founders Suzanne and David Chappell took the decision to retire and appointed Knight to run a sale process for the business. Knight ran a disciplined, structured and competitive process to target the most appropriate buyers in the market. It was important to the shareholders of TMS to identify a buyer that would retain the day to day business operations, and continue to support their partners and their loyal staff, and build upon the success the company had achieved to date. Chess ICT demonstrated that they see TMS as a strategic acquisition to further enhance their presence in the channel and were selected as the chosen party to move forward with. Suzanne Chappell, co-founder of TMS said “We are extremely pleased with the team at Knight who ensured we found the right deal from the right buyer in what is a difficult and very emotional process. Knight ensured that all of our requirements from a buyer were met, and once we made the decision on selling to Chess they ensured the transaction went through very smoothly”. Paul Billingham, co-founder of Knight CF commented “We were delighted to complete the process with TM Solutions, a deal that involved a number of the team at Knight and fantastic support from the TMS board and senior management. It is always satisfying to see founders crystallise on many many years of hard work and we wish Suzanne and David the very best in their continued sailing adventures”. Founded in 2008, Knight works with entrepreneurs to unlock and realise shareholder value in their business. It has completed over 90 transactions in the telecommunications, media and technology sectors from its Warrington and London offices.