Funds managed by CapVest Partners, an international private equity firm, have agreed to acquire Kerridge Commercial Systems, a Berkshire, the United Kingdom-based provider of enterprise resource planning (ERP) software for distribution, servicing and rental businesses, from Accel-KKR, a global technology-focused investment firm.
The amount of the deal was not disclosed. The transaction is subject to customary regulatory approvals and closing conditions and is expected to close later in the year.
Led by Ian Bendelow, CEO, KCS provides vertical specific software and services to a global base of over 32,000 customers across more than 70 countries. The company’s industry specific cloud software suites support complex, vertical specific workflows, and provide mission critical solutions that enable its clients to source effectively, stock efficiently, sell profitably and service competitively. The company’s diversified client base spans large Enterprise to SME across a range of industry sectors including building materials & supplies, food & beverage, automotive, IT & electronics, construction & engineering, media and pharmaceuticals.
Under the leadership of Bendelow, the KCS team has in recent years pursued a growth strategy which has seen it complete 18 acquisitions and expand its SaaS revenue as well as providing additional functionality and services to clients via its layered application products.
Headquartered in Berkshire, the United Kingdom, KCS employs approximately 1,100 employees across 19 cities and 11 countries including the UK, USA, Australia, Canada, South Africa, Kenya, Belgium, the Netherlands, Sweden, Finland and Ireland.
FinSMEs
13/07/2023