Pace Commerce Ltd
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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.
KBS Corporate agreed an offer within five months of the e-commerce business going to market. KBS Corporate’s national law partner, Gateley advised on the legal process from instruction through to completion. and 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.”