essensys plc

essensys plc, a software and cloud service provider for the flexible workspace industry, has agreed to a take-private deal led by its founder Mark Furness, valuing the company at £11.3 million.

Summary of transaction details:

• Value: £11.3 million
• Sector: Software & SaaS
• Advisor: Not disclosed
• Key Entities: essensys plc, Mark Furness
• Location: London, UK

Note: The deal comes as essensys plc reports shrinking profits and falling revenues, with the company undergoing restructuring to focus on its core products. The take-private deal is expected to provide strategic and operational benefits for the company's stakeholders.