Management Buyout at Hospitality Software Business
11 February 2015
I'm pleased to report that we helped the management team at Alacer Software to acquire the company from its parent company Lifecrown Investments.
Alacer is a developer of hospitality software that allows all manner of businesses in that sector to run their businesses more efficiently. Instead of having a patchwork of various different systems Alacer brings together all elements of their business (bar, conference, spa, front of house, reservations and so on) into one system. This makes life much easier as it then involves one supplier, one system and is properly "joined up".
Alacer was the only software business in its parent group, which itself was focussed on a very different market sector - so the logic of the buyout was compelling.
We were able to help Rob Day, MD of Alacer, to negotiate and structure the deal. I'm glad to say that we continue to help them with the business in an advisory role post transaction.
A big thanks to Rob for agreeing to appear in our first PEM Corporate Finance video, and to the spielbergian skills of Peggy McGregor of PEMCF and Connor Nudd of PEM for pulling the video together. Alas too late for this years Oscars.
Have a look also at coverage of the deal in Business Weekly and on our website.
Cereals 2014
23 June 2014
To underscore our interest and committment to the food and agriculture sector - following on recent deals such as the sale of Elsinore Foods to Golden Acre Foods and the sale of Phaseolus to Place UK - PEM recently took a stand at Cereals 2014 the leading event for the UK Arable Industry. This was held at Chrishall Grange near Duxford.
Nice to see our friends Max and Ian of Redfox Recruitment at their very busy stand just along from us, and to catch up with Hannah Croft (formerly of PEMCF) on the Duncan & Topliss stand.
PEM Stand
Stephen Peak, Partner at PEM, supervises Sanchia Norris one of our Private Clients Tax Partners, and Rebecca Porter Assitant Director VAT Services in the errection of the Peters Elworthy & Moore stand at Cereals 2014
Car Park 1 at Cereals 2014 - if you have a grey, black or silver car then you will NOT stand out from the crowd!