News blog
Chelford
- BY: Andrew Hore |
- POSTED: 07/03/2008 |
Enterprise software supplier Chelford has agreed a bid from private equity firm Marlin Equity.
Marlin has been involved in buying software businesses in recent years, including former Aim company XKO’s business in this area. Solarsoft Business Systems is the vehicle for these businesses.
Marlin is adding Chelford to the group through a recommended offer of 215p a share in cash. That values Chelford at £16.1m.
Chelford’s directors believe that Chelford needs to get much bigger but its weak share price hampered its ability to make acquisitions.
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