Bluebox, the recently launched advisory business that prepares businesses for sale using a highly structured pre-sale planning programme, has appointed Sam Archer as corporate executive.
Archer joins from Bridges Ventures.
Archer says: “With an estimated 70 per cent of business sales collapsing before they reach legal completion, the corporate finance market needs an offering to address this worrying trend. I was really impressed with the Bluebox proposition which actually identifies the root causes of businesses failing to sell and focuses business owners on the importance of pre-sale planning. Planning plays an essential part in enhancing value and improving the likely chances of a successful sale.”
Paul Herman, group chief executive of Bluebox, says: “Sam has a wealth of experience working with management teams, identifying value-enhancing strategies and preparing businesses for exit. Having spent eight years in private equity he will undoubtedly add significant value to our pre-sale planning offering. He clearly recognises the importance of business owners focusing on enhancing capital value rather than just increasing profitability.”
Before joining Bluebox, Archer was a senior investment manager at Bridges Ventures where he spent eight years working closely with businesses across different sectors and working with management teams to support their growth strategies in the run up to an exit. He originally qualified as a Chartered Accountant with PwC in London.
Bluebox was founded in June by Herman and James Caan, the former star of BBC’s Dragon’s Den.