Goldenhill Technology Advisors today announced that it acted as M&A advisor to Anacomp, Inc., (“Anacomp”) in the sale of its UK document solutions business to Formscan Limited.
The UK-based business acquired from Anacomp by Formscan includes expert staff, secure offsite archiving facilities and outsource document process management capabilities. Formscan stated that the acquisition is expected to enable them to offer end-to-end document scanning, conversion, migration, hosting, management, processing and archiving solutions, addressing challenges of business efficiency, security, disaster recovery, customer service standards and regulatory compliance.
Commenting on the contribution of Goldenhill to the just completed transaction process, Mr. Paul Najar, Executive Vice President, General Counsel & Secretary said:
“Once again we were very pleased with the job that Goldenhill has done for us in this important project. Goldenhill worked closely with us and with potential buyers culminating in this transaction with Formscan. Their presence and expertise both here in the US and in the UK was a valuable component in the success of this effort. This was the second transaction we’ve completed with Goldenhill this year and we look forward to working with them on other future projects.”