Ernst Young acted as financial advisers on the deal, led by
Manchester-based partner Richard Harding.

Mr Harding said: “Worldwide Group has a history of strong revenue growth
in an attractive sector of the market. The acquisition complements Daisy’s
existing portfolio and will provide wider opportunities for both the
business and its customers.”

Daisy Group, which has a market value of £300m, funded the acquisition from an
increase in existing borrowing facilities and the addition of Royal Bank of
Scotland to its existing group of lenders.

Meanwhile, Gareth Kirkwood has said he would step down as Daisy’s chief
operating officer on April 30 after three years to pursue other interests.
Mr Riley will assume his duties.