Springboard Corporate Finance Advises on £12 Million Sale of Bellvedi to Tracsis
May, 2019 - England
| It's full steam ahead for Bellvedi and Tracsis BACKGROUND Bellvedi Limited is a UK based software company that operates in the rail industry and specialises in timetabling software. Bellvedi's key product, ATTune, is a key timetable planning software package and is extensively used by train operating companies, infrastructure providers, franchise bidding teams and rail consultancies for the creation, validation and optimisation of timetables in time pressured environments. Tracsis plc has a blue chip client base that includes all major UK transport owning groups. John McArthur, Chief Executive Officer of Tracsis plc, commented "We have known the Bellvedi team for a number of years and have worked closely with them on a number of key projects. Bellvedi has a great product and complementary customer base and their expertise in timetable planning and optimisation is second to none. We welcome the Bellvedi team to Tracsis and look forward to continued successes in future." Managing Director of Bellvedi, John Bell, said "This transaction marks the start of an exciting new chapter in the life of Bellvedi and our products. Being part of a larger group will enable us to unlock opportunities that will benefit the UK rail industry and beyond." Bellvedi were advised on the transaction by David Neate and Robert Johnson of Springboard Corporate Finance. David commented "Bellvedi's innovative software is market-leading and joining the Tracsis family at this stage in its development will enable the business to fully capitalise on the market opportunity. This is a great example of a strategic acquisition that should be a win win for both parties." THE CLIENT ON SPRINGBOARD "Springboard have been instrumental in making sure this deal goes ahead, finding and communicating a deal format that worked for all parties involved. They were painstaking in answering our queries and helping make what can be an emotional process as seamless as possible." John Bell, Managing Director - Bellvedi Ltd ABOUT SPRINGBOARD We are a market leading corporate advisory firm focused on providing strategic, commercial and financial advice and support to a range of clients. We focus exclusively on the following services: • Acquisitions - supporting corporates and management teams – identifying targets and executing deals • Disposals - Full or partial business sales and exits • Raising finance - working capital or development capital – typically debt or private equity/venture capital • Management / Retained advisory - strategic, commercial and financial support |
