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.