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6 October 2008 Business Deal Wins Award for Planit CEO
Bryan Pryce, the CEO of Planit Holdings Ltd., lifted the Entrepreneurial Dealmaker of the Year award at this year’s prestigious Gatwick Deals Awards ceremony with a sense of satisfaction, saying, “It is an absolute honour to win this category.” Planit was one of eight categorical winners in a regional competition involving 175 nominated contenders. The annual Gatwick Deals Awards, launched in 2007, bring together representatives of banks, private equity firms, law firms, and accounting establishments, who celebrate their deal successes over the past 12 months. They are hosted by The Business Magazine. More than 250 of the top names in the corporate finance community attended the inaugural dinner last year. On September 18 this year, approximately the same number attended the influential event. The awards were presented by comedian and writer Dominic Holland at a black-tie dinner at The Castle, Saint Hill Manor, East Grinstead, in West Sussex, UK. Bryan Pryce explained the business deal that provided the foundation for his award entry. “Having identified the strategic value of the retail division of Planit Holdings, which was very profitable with a turnover of £7 million, a £19-million deal was brokered with a Canadian group that had identified a gap in its product portfolio.” The buyer was also keen to establish a foothold within the European market, said Pryce, who highlighted the geographical and financial benefits of the deal. “A business sale at nearly three times turnover is unusual in our sector, but I was sure of the benefits to both parties and held fast on the price and terms of the transaction.” Each nomination was independently adjudicated by a panel of selected experts, who produced a shortlist for each of the eight Gatwick categories. The Entrepreneurial Dealmaker of the Year award, sponsored by PricewaterhouseCoopers, is a new category, and it is the only one of the Gatwick Deals Awards to be presented to a business leader rather than a member of the professional community. The category is for businesspeople who manage their companies through key mergers or acquisitions. For further information: Planit Holdings Ltd.
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