Oct 1 - Planit CEO Bryan Pryce Gets 2008 Gatwick Deals Award

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Planit CEO Bryan Pryce Gets 2008 Gatwick Deals Award

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SOUTHFIELD, MI, Oct 1, 2008 - Bryan Pryce, CEO of Planit Holdings, lifted the Entrepreneurial Dealmaker of the Year award at this year’s prestigious Gatwick Deals Awards ceremony. “It is an absolute honor to win this category,” he says.

Presented by comedian and writer Dominic Holland at a glittering black-tie dinner at The Castle, Saint Hill Manor, East Grinstead, on Thursday 18 September 2008, The Gatwick Deals Awards bring together representatives of banks, private equity firms, law firms and accountants to celebrate their deal successes over the past 12 months.

Hosted by The Business Magazine, The Gatwick Deals Awards were launched in 2007 and more than 250 of the top names in the corporate finance community attended the inaugural dinner. This year again more than 250 attended the influential event and a total of 175 nominations were received for the Gatwick Deals Awards 2008.

Explaining the business deal that provided the foundation for his award entry, Bryan Pryce says: “Having identified the strategic value of the retail division of Planit Holdings, which was very profitable with a turnover of £7 million, a £19 million deal was brokered with a Canadian group that had identified a gap in its product portfolio.” The buyer was also keen to establish a foothold within the European market and Bryan Pryce highlighted the geographical and financial benefits of the deal. “A business sale at nearly three times turnover is unusual in our sector, but I was sure of the benefits to both parties and held fast on the price and terms of the transaction,” he says.

Each nomination was independently adjudicated by a panel of selected experts, who produced a shortlist for each of the eight categories. The Entrepreneurial Dealmaker of the Year award is a new category, sponsored by PricewaterhouseCoopers, and is the only award to be presented to a business leader as opposed to a member of the professional community.

“This category is for the real businessmen and women out there who are leading deals and managing their companies through key mergers or acquisitions,” explains David Murray, publisher of The Business Magazine. He states the category recognizes entrepreneurs in businesses throughout the region who have led deals in the past year, “including ‘serial’ dealmakers with a track record of securing significant acquisitions or disposals.”

About Planit

Planit serves customers throughout the world with design and manufacturing software solutions (CAD/CAM) for metalworking, woodworking and stone-cutting industries. It is the world’s largest supplier with more than 85,000 industrial seats installed at thousands of customer sites around the world.

The company provides its customers with products and services that enable them to improve the productivity of their machine tools, shorten design and manufacturing time, optimize material usage and deliver high quality goods and services to their customers. Leading Planit brands are Alphacam, Cabinet Vision, Cabnetware, EdgeCAM, Jobshop and Radan.

For additional information visit www.planit.com.

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