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Scheme document published for the £8.6 million recommended cash acquisition of GRC International by Bloom Equity Partners

July 2024

GRC International is an AIM listed technology business. Its proprietary premier brands, including the market leader, IT Governance, offer ‘Our expertise, your peace of mind’ for its wide range of domestic and international corporate customers across all industrial sectors.

The Company has three operating divisions – SaaS (Software as a Service), e-Commerce and Services – offer a wide range of products and services encompassing: IT governance, risk management, compliance with data protection and cyber security regulations, online and in-person training and staff awareness, consultancy, online publishing and distribution, and software.

The Group’s capabilities also include products and services to enable corporates to address wider governance issues such as money laundering and bribery. Its SaaS offerings embed good practice in its clients, future-proofing compliance and simplifying long-term maintenance and support for multiple client compliance requirements.

In addition to its UK business, the Group has operations in the EU and US.

Bloom Equity Partners is a US based private equity firm investing exclusively in lower middle market technology, software and tech-enabled business service companies.

Bloom drives enduring market value by partnering closely with founders and management teams, injecting capital to unlock growth and providing operational resources and expertise to enable meaningful step-change to the business.

On 5th June 2024, the boards of Bloom Seed Bidco, a newly formed company indirectly owned by investment funds advised by Bloom Equity Partners and GRC International announced that they had reached agreement on the terms and conditions of a recommended all cash offer by Bloom for the entire issued, and to be issued, ordinary share capital of GRC to be implemented by way of a court-sanctioned scheme of arrangement under Part 26 of the 2006 Act.


Publication of the Scheme Document

The Perivan shareholder communications team was delighted to work with Singer Capital Markets who acted as Rule 3 adviser, nominated adviser and joint broker and Mills & Reeve who acted as legal adviser to GRC on the scheme and associated ancillary documents, which were successfully published and posted to qualifying shareholders on 3rd July 2024.

For further information, click here.


Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies and are a market leader for the production of documentation relating to Mergers & Acquisitions.

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