Articles about Maxima

Redstone

Project delays slam Redstone sales, profits fly as costs fall

The much-used phrase that revenue is vanity and profit is sanity is applicable to Redstone's half year numbers - the P&L was back in the black - helped by cost-cutting - but the top line was hammered. The managed services player has been in turnaround mode for the past couple of years since serial biz fixer-upper gurus Tony …
Paul Kunert, 11 Dec 2012

Redstone throws £9.9m at sickly managed services firm in all-share deal

Cloud and network integrator Redstone made a bid today for troubled managed services provider (MSP) Maxima, valuing the firm at £9.9m. The all-share deal between the AIM-listed firms equates to a 38 per cent premium on Maxima's market cap. Including the MSP's net debt of £3.9m at the end of May 2012, the acquisition represents …
Paul Kunert, 17 Sep 2012
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Maxima brags of £6m deals to woo admirers

Managed services provider Maxima Holdings has flagged up to any potential buyers that it has bagged £6m worth of contract wins. The AIM-listed company erected a "For Sale" sign outside its London-based premises last year but talks with interested parties came to nothing, leading to a shakeup of senior management as M&A veteran …
Paul Kunert, 26 Apr 2012
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Better Capital's m-hance coughs £6.8m for Maxima units

Managed services provider Maxima has started to carve up non-core operations by offloading the Document Management, Intellect and Microsoft-reselling sub divisions to Better Capital-backed m-hance for £6.8m. Troubled UK-based Maxima's flirtations with admirers came to nothing, so bosses hired buy-and-build specialist Ian Smith …
Paul Kunert, 29 Feb 2012
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Reseller loses veteran chairman and CEO in shake-up

Managed services and software reselling outfit Maxima has raised £2m through a rights issue to fund future development and as a precursor to offloading business units that are deemed "non-core" over the coming months. The LSE-listed firm hired M&A veteran Ian Smith last month after talks with interested buyers that began in …
Paul Kunert, 19 Oct 2011
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Maxima turns to M&A veteran after sale talks go stale

Maxima has hired buy-and-build specialist Ian Smith as a non-exec director in the wake of its failed attempt to sell the business. The London Stock Exchange listed managed services provider last week revealed that it had been unable to thrash out a deal with several interested suitors and that the offer period had lapsed. The …
Paul Kunert, 19 Sep 2011
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Maxima sale talks with 'interested parties' are over

Maxima has ended discussions with potential suitors over a sale of the business, the IT reseller and managed services outfit confirmed today. The IBM, Microsoft and Oracle house kickstarted a strategic review in April to explore options including bringing on board outside investment, and selling all or parts of the …
Paul Kunert, 13 Sep 2011

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