KBS Corporate advises on the sale of West Yorkshire based Pace Commerce Ltd
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A leading provider of business sales and consultancy services has completed the partial share sale of Pace Commerce Ltd.
KBS Corporate advised on the sale of the West Yorkshire based company that delivers a wide range of services including e-commerce solutions and web application development to medium and large organisations.
The deal sold to David Ritchie, a management buy in candidate based in Hertfordshire for an undisclosed sum having agreed an offer within five months of the e-commerce business going to market.
Confidence has continued to return to the mergers and acquisitions market and at present, the UK market is seeing high volumes of deal activity. KBS Corporate is anticipating acquisition activity to increase even further throughout the current year and into 2015.
Based on the global deal activity experienced in January, it has been reported that this is the best start to a year since 2000, adding to the increase in interest from buyers both in the UK and overseas.
KBS Corporate’s national law partner, Gateley advised on the legal process from instruction through to completion. Both parties will remain in the business post completion and hope to upscale by opening an office in the South.
Ryan Bilsborough, Deal Executive at KBS Corporate saw the deal through to completion and said the acquisition will allow Pace Commerce Ltd to expand the already well established business.
He added: “I’m pleased we have been able to agree a deal, which is suited both parties and delighted that we were able to attract a suitable buyer so quickly. I wish David and Pace Commerce Ltd all the very best for the future.”