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The º£½ÇÊÓƵ arm of digital communications and document processing business Unifiedpost has undergone a management buyout.

Managing director Mark Hetem has acquired the º£½ÇÊÓƵ arm of the Bury business from its Belgian parent company Banqup Group for an undisclosed sum after securing funding from Allica Bank. Now, Mr Hetem and his team plan to grow the £6m turnover business across the º£½ÇÊÓƵ and Europe.

Unifiedpost, based in Whitefield, specialises in digitising and automating the distribution of business documents and communications, alongside physical and print postal services. It has clients in sectors including automotive, financial services and local government.

The business was founded in Belgium in 2001 and moved into the º£½ÇÊÓƵ in 2019 .

Mr Hetem said the sale of the º£½ÇÊÓƵ division was part of Banqup Group’s strategy to focus on digital services and divest non-core operations.

"This marks an exciting new chapter for our team and business. The buyout allows us to continue delivering exceptional service to our customers while expanding our offering and client base," he said.

“Working with FRP Corporate Finance, who provided exceptional advice and support, led us to Allica Bank – a funding partner that immediately understood our vision. Combined with our continued partnership with Banqup, we are well positioned to offer º£½ÇÊÓƵ businesses the best of both digital and traditional postal solutions.”

FRP Corporate Finance’s Manchester team - led by partner Daniel Brecker, manager Amy Murphy and graduate trainee Tom Parsons - was appointed by the MBO team to provide corporate finance and debt advisory services.