Price Bailey takes lead role in CMS sale to Savills

2 mins

The Price Bailey Strategic Corporate Finance team have played a lead role in securing the successful sale of Central Management Solutions (CMS) Ltd, the urban and commercial district transformation specialists, to international property advisor Savills.

CMS was set up in 2011 by Paul Clement, and has worked with local authorities and town centre management organisations across the country, providing innovative support through the development and management of town and city centres, retail and leisure complexes, commercial areas, and Business Improvement Districts (BIDs). It has offices in Ipswich, London and Nottingham.

Paul decided to sell the company following several years of growth, and approached leading regional accountants and business advisers Price Bailey to find a suitable buyer, prepare all necessary documentation, and provide full support during the sale.

Savills is one of the world’s leading property advisors with offices across Europe, the Americas, Asia Pacific, Africa and the Middle East. CMS has immediate synergies with Savills property management division, particularly in terms of its retail, marketing and commercialisation services. CMS CEO Paul Clement will assume a new role for his business at Savills as head of place shaping.

Paul Clement, CMS said: “Price Bailey have managed the sale process extremely well, enabling us to focus on the day to day running of the business. We are truly grateful for the advice and support received.”

Price Bailey partner Stephen Reed, who led the Strategic Corporate Finance team’s work on the deal, said: “We are delighted to have helped reach a successful outcome for Paul and his team at CMS. From the outset, Paul’s number one requirement was that of future security for the excellent team he had developed since starting CMS in 2011. We are confident that in joining Savills, the team will continue to grow from strength to strength”