KBS Corporate Finance advises on acquisition of Secure Retail Limited
Secure Retail Limited, (Secure Retail), has been providing complete payment solutions since 2003. The company provides a wide range of hardware, managed services and software products to the retail, hospitality and infrastructure sector.
Secure Retail Limited, (Secure Retail), has been providing complete payment solutions since 2003. The company provides a wide range of hardware, managed services and software products to the retail, hospitality and infrastructure sector.
Secure Retail is recognised as a true market leader and well respected by world class manufactures and software developers including Aevi, Barclaycard, Mastercard and Verifone. Innovation is key to the company’s success reflected in their early adoption of tablet and Cloud security in order to enhance productivity and operational efficiency. Secure Retail’s reputation within the industry, is bolstered by the inclusion of the company’s own support package which far exceeds the PCI PTS 5 standard. The combination of innovation, enhanced security measures and excellent reputation made Secure Retail an incredibly attractive prospect.
KBS Corporate Finance implemented a thorough research strategy and the ultimate offer came from NVM Private Equity III L.P. The Private Equity firm benefits from over 30 years’ experience, investing in a range of sectors. The investor is currently seeking to increase their geographic foothold within the Midlands region.
Secure Managing Director David Russell said, “Secure Retail is delighted to be partnering with NVM. From our very first meeting it was clear that NVM had the appetite and understanding to add considerable weight to the exciting product strategy being delivered by the Secure Retail team. The next phase of payment security will undoubtedly create the potential for significant growth in software, hardware and support services. Secure Retail supported by NVM is well placed to capitalise on this opportunity”.
Andy Leach, Investment Partner of NVM Private Equity said, “We are delighted to be partnering with Carl, David and rest of Secure’s highly experienced management team to take the business forward through the next period of its growth. The payments market is necessarily becoming more complex and specialised given heightened regulatory and security considerations, coupled with increasing demands from consumers for speed and flexibility. The expertise that Secure has built over the past 15+ years will be of considerable value in such a dynamic market.”
The deal was overseen by David Gardner, KBS Corporate Finance Director.