HSBC supports Vista management buy-out with co-investment

Vista Support Services Group Ltd (Vista) has been sold by its parent company to the existing management team. DigiPos Store Solutions Group (DSSG), sold the business to Vista’s managing director, Brian Norman, and finance director, Richard Olds, in a significant undisclosed deal.

Vista provides support and maintenance to EpoS systems operated by retail and hospitality companies throughout the UK and has contracts with major blue chip companies including Lloyds Pharmacy, Spar, Peacocks, Londis, Vision Express, Game, Dunelm and many more.

“The management buy-out agreement will allow Vista to independently explore new maintenance services across a wide range of retail vendors and will also be able to continue to partner with DSSG on the major UK clients already provided with on-site maintenance and repair services,” said Brian Norman.

“This means Vista can aggressively pursue its goal of becoming the number one maintenance specialist in the UK within retail and hospitality sectors. We are excited about the prospect of operating as an independent company and growing our reputation for providing a high level of customer service and satisfaction.”

The company has received an undisclosed equity and debt investment from Finance Wales and an additional debt facility from HSBC.

Richard Olds said: “It was critical for us to identify the right investment for the management buy-out and we worked closely in securing a tailored package from Finance Wales and our existing bankers, HSBC, which resulted in the successful buy-out.”