Published: May 8, 2026 at 8:25 am
The founder of essensys plc has been successful with his bid to take the PropTech firm private.
A vehicle led by Mark Furness and backed by high-profile investors Sir Terry Leahy and William Currie recently agreed an £11.3 million deal with the independent board of essensys plc.
This morning the firm stated that the vehicle had secured agreement from the holders of 98% of its shares, declaring the offer unconditional.
“Bidco (the vehicle) will have significant control over essensys and will be in a position to ensure the approval or rejection of ordinary and special resolutions of essensys and to determine its overall direction,” it stated.
“Following the offer being declared wholly unconditional, each of Jon Lee and Sian Herbert, the independent non-executive chairman and independent non-executive director of essensys, respectively, has resigned from the essensys board with immediate effect.”
essensys said a date would be set to cancel its shares on the London Stock Exchange’s junior AIM market and re-register as a private company.