CHILDS Advisory Partners. The Preferred Investment Bank for the Middle Market

CHILDS-Axon Relationship Concludes With Sale to HCL

Atlanta, GA., January 7, 2009 - CHILDS Advisory Partners ("CHILDS") served as a strategic advisor to Axon Group Plc from July 2006 until its recent sale to HCL Technologies ("HCL") for £440 million.

Axon, a leading global SAP consulting firm based in London, engaged CHILDS in 2006 to build its North American business through acquisition. With assistance from CHILDS, Axon acquired Premier HR, Zytalis, Entersys and SCM Solutions. These acquisitions, coupled with strong organic growth, gave Axon an approximately $200 million presence in the U.S.

CHILDS also advised Axon in its sale to HCL for £440 million. The transaction closed on December 15. The combined HCL-Axon is a $2.5 billion global player in IT services and is a prime example of the evolving business model in professional services.

Steve Cardell, CEO of Axon, commented, "CHILDS was an ideal partner for us because they blend excellent finance skills with very deep sector expertise and relationships." Jim Childs, Managing Partner at CHILDS commented, "We strive to be long-term strategic partners with our clients to help them create value. The Axon management team did an excellent job in executing their stated strategy and we are proud to have been a small part of that success."


About CHILDS Advisory Partners

CHILDS Advisory Partners provides exceptional investment banking services to high‐performing business services and technology companies. Our unique combination of global sector focus, process excellence and strength of team allow us to achieve successful outcomes for our clients. Collectively, our senior bankers have executed over 450 M&A and financing transactions. CHILDS is a member of FINRA and SIPC and is a registered broker‐dealer.

For further information please contact:
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—Jim Childs, Founder
CHILDS Advisory Partners