March has been a mixed month for us here at Polestar. We completed the sale of People Value to an MBO team backed by Ethos Partners, who Chris assisted with the debt raising. Additionally, we completed the sale of an engineering-technology consultancy to a large US tech firm for more than 5x revenue – all in less than 4 weeks.
We also welcomed a very smart American lady, Anusheh Khan, to the team. On the downside we waved goodbye to Bhav who, after 4 years with us, has headed off to help run his family business, with grand plans for a buy-and-build strategy. Of course the cherry on the top at the end of March was that we have returned to the office and immediately the ideas for new deals started flowing.
It is interesting that after the first lockdown there was a lot of chatter about offices becoming a thing of the past, however, we have learned during the last year that for creativity to flourish there is no substitute for being in the same place. Like many, I suspect, the energy that comes from face-to-face contact – which is easy to take for granted – was sorely missed.
There have been so many interesting headlines this month that the team has been busy blogging with nearly 20 articles! It is hard to know where to start. This month we have turned the spotlight on valuations in the Health and Education markets, looked again at the implications of Industry 4.0 and have summarised what food trends to look out for in 2021.
On a more general note, Anusheh has looked at the issues facing the younger generation as they seek to enter or progress their careers, whilst I stand agog at the £37 billion price tag for track and trace and compare it to other epically expensive projects.
With the Easter break coming, I am pleased to say that I will be taking the next 10 days off to enjoy some time with family and eat a few eggs. Although I am not sure that we will be putting up an Easter tree, which are becoming all the rage, read about it here!
Have a great holiday weekend – we, like the mighty Ever Given, have finally been released from the shore.
Kind regards,
Charlie
March has been a mixed month for us here at Polestar. We completed the sale of People Value to an MBO team backed by Ethos Partners, who Chris assisted with the debt raising. Additionally, we completed the sale of an engineering-technology consultancy to a large US tech firm for more than 5x revenue – all in less than 4 weeks.
