Sale of Cambridge CAD software company

Another completion for PEM Corporate Finance!  We advised on the disposal of Quintic Limited a Cambridge based CAD software company to Dusseldorf based CAD Schroer.  We were able to achieve this quite speedily due to the close cooperation between buyer and seller.

Quintic has a long-standing relationship with CAD Schroer having been instrumental in developing its MEDUSA and STENO/PRO CAD SYSTEMS. 

This M&A transaction is a good example of a very close working relationship between supplier and customer being cemented with the customer acquiring the key supplier.   Quintic becomes a division of CAD Schroer UK, but will continue to service its other customer such as Lloyds of London.

Anthony McGurk and Brigitta Naunton of Eversheds in Cambridge provided the legal advice to Quintic on the transaction.

There is lots more detail in the full press release, if you're interested have a look at the news page on our site or at the coverage in Business Weekly.