The deal was first announced on May 27.
Financial services outsourcing and software provider Target Group has had itsacquisitionbyTech Mahindra approved by the Financial Conduct Authority.
The transaction, announced on 27 May, will seethe current management team remain in the business, ensuring continuity and accelerationof the Group’s ambitious growth strategy.
Ian Larkin and Bill Alley, co-group CEOs, see this confirmation as a major stepping-stone inTarget’s growth.
In a statement they said:“We would like to thank Pollen Street Capital for its four years of support and assistance inmoving the business forward. Our focus now will be on accelerating the next stage of ourgrowth. In doing so, we look forward to working as part of Tech Mahindra to further developour scale, market share, and, most importantly, our solutions and services for clients.”
