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GP Bullhound advises Cybercom Group AB on the sale of its UK subsidiary to Digital Marketing Group p

6th October 2008

GP Bullhound, the research-centric technology investment bank, has acted as sole advisor to OMX-listed Cybercom Group AB ('Cybercom'), on the sale of its UK subsidiary to AIM-listed Digital Marketing Group plc ('DMG'). This divestment is part of Cybercom’s strategy to focus on its key growth markets of Eastern Europe and Asia.

'Working with GP Bullhound has been nothing but a pleasure. Throughout the various stages of the sale process, they have been professional, capable, supportive and most importantly successful. They have found the right buyer for our UK division at the right price. I would not hesitate to work with them again and/or recommend them to anyone who was considering undertaking a sale of an IT business”” commented Peter Keller, VP of Cybercom Group AB.

The acquisition of Cybercom UK, a leading London based IT systems consultancy and systems integrator specialising in e-commerce and electronic trading, will highly complement DMG’s e-commerce offering, further strengthening DMG’s position in the market and creating significant potential for cross-selling to clients across the group.

This transaction represents the completion of GP Bullhound's third transaction in four weeks, following the funding of The Cloud and Andrino in September. It provides further evidence of GP Bullhound's M&A expertise in the dynamic Internet and e-commerce space.

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GP Bullhound Limited

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