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Kerridge Commercial Systems.
Kerridge Commercial Systems (KCS) and its K8 software is a market leader in the provision of trading and financial software systems. Areas of particular expertise include building materials, specialist distribution, wholesale and retail.
The company has built up a reputation as the leading specialist offering high levels of functional understanding and product fit with quicker, cheaper and less risky systems implementation.
Ian Bendelow, CEO, joined KCS in 1993 and worked his way up to become Managing Director in 2005.
In 2010 Ian decided to take the business to the next level through a management buy-out funded by NVM. KCS was a division of a US multinational and the deal involved a complex separation exercise both before and after completion. With this now successfully behind them, Ian and his team are now focusing on their growth plan to develop the business.
At the time of the management buy-out, Ken Briddon was appointed to the board to further support the growth strategies of KCS. Ken has a wealth of experience both in the software and the private equity sectors.
KCS is the leader in its field and under independent ownership management have a fantastic opportunity to increase business presence both in the UK and abroad.Clive Austin , NVM
We are delighted to partner with NVM. This was a complex deal and they delivered exactly what they promised the first time I met them.Ian Bendelow, CEO of Kerridge Commercial Systems
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Nature of business
Specialises in the provision of fully integrated Enterprise Resource Planning (ERP) software.
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Description of deal
Management buy-out. NVM invested £9m, alongside debt facilities from HSBC.
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Growth strategy
To take advantage of domestic market demand and expand international presence.