{"id":44110,"date":"2024-09-03T06:51:19","date_gmt":"2024-09-03T06:51:19","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&p=44110"},"modified":"2024-09-03T06:51:30","modified_gmt":"2024-09-03T06:51:30","slug":"macdonald-henderson-advises-cofficient-on-transition-to-an-employee-owned-company","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/macdonald-henderson-advises-cofficient-on-transition-to-an-employee-owned-company\/","title":{"rendered":"Macdonald Henderson Advises Cofficient on Transition to an Employee Owned Company"},"content":{"rendered":"

Macdonald Henderson has advised Cofficient, a leading Scottish Oracle NetSuite and SAP\u00a0 partner, on its transition to an employee-owned company. <\/strong><\/p>\n

This significant step underscores Cofficient\u2019s longstanding commitment to its team and a future built on shared success.<\/p>\n

By placing ownership directly in the hands of its employees, Cofficient is creating a powerful environment that fuels innovation and exceptional client service.\u00a0 This dedicated team, now with a personal stake in the company\u2019s success, will be even more driven to deliver outstanding results for Cofficient\u2019s valued clients.<\/p>\n

Employee Ownership: A Shared Vision<\/strong><\/p>\n

Cofficient\u2019s directors and co-founders, Paul Grant and Paul Tindal, see this transition as a natural evolution of the company\u2019s core values. \u201cWe\u2019ve always believed in putting our people first,\u201d says Paul Grant. \u201cEmployee ownership is a perfect fit for our vision. It empowers our team and allows them to share directly in the rewards of their hard work and dedication.\u201d<\/p>\n

Luise Reid, an ERP consultant at Cofficient, echoes this sentiment. \u201cThis is an exciting time to be part of the Cofficient team,\u201d she says. \u201cKnowing that we\u2019re all owners strengthens our sense of purpose and gives us even greater motivation to deliver exceptional service to our clients.\u201d<\/p>\n

A Seamless Transition for Clients<\/strong><\/p>\n

Cofficient assures its clients that this ownership shift will have no impact on the exceptional service they\u2019ve come to expect. The company remains dedicated to providing high-quality, reliable NetSuite and SAP solutions. In fact, with a team that\u2019s even more invested in the company\u2019s success, Cofficient anticipates an even stronger commitment to client satisfaction.<\/p>\n

Cofficient is filled with enthusiasm for the future as an employee-owned company.\u00a0 With a team that\u2019s deeply invested in the company\u2019s success and a long-standing commitment to people-centric values, Cofficient is poised to push boundaries and reach new heights.<\/p>\n

\u201cWe\u2019re incredibly optimistic about what lies ahead,\u201d says Paul Tindal. \u201cTogether, we\u2019re ready to take Cofficient to the next level, continuing to provide exceptional service and innovative solutions for our clients.\u201d<\/p>\n

Also supporting Cofficient through the transition, John Blair, Corporate Finance Partner at Consilium, said: \u201cWe are delighted to have supported Cofficient on the transition to Employee Ownership and we look forward to seeing the business go from strength to strength.\u00a0 We are advising on an increasing number of similar transactions as owners start to see the tangible benefits of Employee Ownership.\u201d<\/p>\n

David Beveridge, Managing Director of Macdonald Henderson, said:<\/p>\n

\u201cIt has been Macdonald Henderson\u2019s privilege to have supported the company on corporate and commercial (legal) matters for a number of years, and to witness the growth of the business and its blue chip client base. We are delighted to have advised Cofficient and its dynamic leadership team on this exciting transaction, and wish the employees and all stakeholders every success for the future.\u201d<\/strong><\/p>\n

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