Problems viewing this email? Try the web version

NVM logo
Kerridge Commercial Systems

Kerridge Commercial Systems acquires TIS Software.

We are pleased to announce that Kerridge Commercial Systems (KCS), specialising in business management software solutions, has acquired ERP solutions provider, TIS Software (trading as Strategix). Both businesses design software solutions specifically for the wholesale and industrial distribution sectors, so consolidation of the two companies is a strategic move to create a greater force within the industry.

NVM invested £9m in the management buy-out (MBO) of KCS in March 2010. Under independent ownership, the management team’s strategy has been to increase the company’s presence both in the UK and overseas. KCS is a leader in its field supporting an extensive customer-base across the UK, Ireland, Holland, Africa and beyond. A central element of the MBO plan was to make strategic acquisitions and KCS had been tracking TIS for some time. After completing the original buy-out, acquiring TIS was the next logical step in Kerridge’s development.

KCS has built up a reputation as the leading specialist in its market. At the time of the buy-out, Ian Bendelow (KCS CEO) and his management team were keen to take the business to its next level by making selective acquisitions. They have bedded-in the original deal extremely well and created a strong platform which can handle acquisitions. The purchase of TIS is a strategic move and the two businesses combined will establish a leading player within the international ERP solutions market.

Clive Austin
T 0845 272 7023
E clive.austin@nvm.co.uk

View Kerridge case study

We seek investment opportunities in UK businesses that have the right mix of flair, growth potential and market vision. They may be looking to grow organically, acquire another business or secure a management buy-out. Typically, we look to invest between £2m and £10m.

NVM Private Equity Limited (‘NVM’) is authorised and regulated by the Financial Conduct Authority.

If you would prefer NOT to receive regular updates from NVM please click here to email Liberty Bollen.