NVM-backed Kerridge buys Datawright

The acquisition will extend KCS's customer base and give the firm additional capabilities. The integrated company will operate under the name KCS Manufacturing Solutions.

In 2010, NVM invested £9m in the management buyout of Kerridge Commercial Systems from Nasdaq-listed Automatic Data Processing Inc. The enterprise value of the deal was understood to be in the region of £15-20m. In 2011, the firm acquired enterprise resource planning solutions firm Strategix (then TIS Software).

Company
Founded in 1979, Datwright produces business management software including an enterprise resource planning system and invoice management software for the manufacturing industry. The company is based in Tyne and Wear.

People
Clive Austin led the original deal for NVM and sits on the board of KCS.

Advisers
Company (KCS) – Addleshaw Goddard, Mike Hinchcliffe (Legal).
Company (Datawright) – Sintons, Adrian Dye (Legal); Tait Walker, Michael Smith (Financial due diligence).
Equity – Baker Tilly, David McCulloch (Financial due diligence); Eversheds, Paul Castle, Catherine Concannon (Legal); Latitude, Steve Hacking (Commercial due diligence); PA Consulting Group, Peter Lumley (Technical due diligence).

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• Topics
• Portfolio management
• Technology
• UK / Ireland
• NVM Private Equity
• United Kingdom
• Addleshaw Goddard
• Baker Tilly
• Eversheds