Acquisition etc
Interregnum PLC
4 May 2000
Interregnum plc ('Interregnum')
Alchemy Equity Partners Ltd and Interregnum plc fund
acquisition and merger of CallCentric Limited and the
global operations of Datapoint Corporation, Inc.
Interregnum plc ('Interregnum'), which floated on the
Alternative Investment Market in March, is pleased to
announce its involvement in a series of related
transactions involving CallCentric Limited
('CallCentric') an Interregnum portfolio company. When
complete, these transactions will result in the creation
of a newly formed entity, to be called Datapoint, with
the capacity to become a global leader in the provision
of value added call centre solutions.
The new Group will result from the acquisition and
integration of CallCentric and the global operations of
Datapoint Corporation, Inc. ('Datapoint'), excluding its
subsidiary, CoreByte, Inc. The transactions are being
orchestrated and funded by Alchemy Equity Partners Ltd
('Alchemy'), Interregnum and CallCentric's management.
Interregnum will be investing £3.8 million (US $6
million) in addition to its current 5.2% share in
CallCentric, resulting in an 8.4% equity share and £4.2
million (US $6.6 million) of debt in the new Group.
David Berger, CallCentric's Managing Director, will
become Chief Executive of the new Group. He had
previously also been Vice President of Datapoint's
European operations. Ken Olisa, Interregnum's Chairman
and CEO, and CallCentric's Chairman, will become Chairman
of the new company. CallCentric and Alchemy were advised
by KPMG Corporate Finance.
Datapoint Europe
San-Antonio, Texas-based Datapoint Corporation announced
yesterday that it has entered into a Stock Purchase
Agreement to sell its global operations (other than its e-
commerce initiative), including the 'Datapoint' name for
US $49.5 million (£31.5 million) in cash and the
assumption of net liabilities of US $10 million (£6.4
million). The purchase price is funded by Alchemy
Partners and Interregnum.
In the year ended 31 July 1999, Datapoint Europe had
sales of US $133 million (£84.7 million) and operating
profit of US $9.3 million (£5.9 million).
CallCentric
CallCentric, a Windsor, Berkshire-based company founded
in 1997 which provides consulting advice and total
solutions in the fast-growing area of call centres, will
be acquired by the new company for an undisclosed
consideration. Interregnum will roll their shareholding
into the new company in exchange for equity and loan-
stock. Prior to the transaction, Interregnum's stake in
CallCentric was 5.2%.
CallCentric will retain its name and operate as a wholly
owned subsidiary in the newly formed company.
Ken Olisa comments 'this has been accomplished by
blending the talents of CallCentric management, Alchemy
and Interregnum to identify an exceptional (but difficult
to exploit) opportunity, and to orchestrate and fund it.
This is an endorsement of our strategy of applying
intellectual and financial capital to transform
technology into wealth.'
For further information, please contact:
Interregnum 020 7494 3080
Ken Olisa, Chief Executive Officer
Adrian Merryman, Chief Investment Officer
Ludgate Communications 020 7253 2252
Vanessa Anderson/Liz Ware
Teather & Greenwood Limited
Adrian Dewey 020 7426 9000
NOTES TO EDITORS
* Interregnum is a pioneering IT venture marketeer and
investor. It works with high potential IT
entrepreneurs to develop, resource and implement
aggressive, marketing-led, value building strategies
and to 'transform technology into wealth'.
* Interregnum services under two main categories:
Intellectual Capital
- Venture Marketing: working as non-executive
directors with high-potential IT companies to
develop, fund and implement aggressive business
strategies, in order to increase realisable
market value and create wealth;
- Research & Consulting: working with both
innovators and investors on specific projects
where the critical analysis or development of
strategies is involved;
- Mergers & Acquisitions: helps the parties
involved in M&A transactions to understand and
justify the unique value attributable to IT
companies.
Financial Capital
- Venture Capital: co-investing with
institutional and private investors.
* Interregnum - (www.interregnum.com) is headquartered
in London with an office in San Francisco, USA, and
associates in Silicon Valley and New York. The
company currently employs 17 people.
* In August 1999, Interregnum launched
'enterprise.USA', in conjunction with the DTI-backed
Software Business Network, to assist UK IT
entrepreneurs in establishing and building the right
infrastructure to launch and sustain successful
businesses in the US.
* Interregnum currently has a portfolio of 26 IT and
IT-related investments.