Year
Sector
Client
Acquired By
Micad Systems (UK) Limited / Young Associates
Micad announces the sale of the their business in a deal backed by Young Associates and Micad Management. Cavendish Corporate Finance’s specialist Technology team advised Micad on the transaction
Micad, the leading Software as a Service (“SaaS”) property management and compliance solutions provider has completed a sale of the business, backed by specialist technology investment firm Young Associates and the Micad management team. Cavendish Corporate Finance, the UK’s leading sell-side, mid-market M&A firm advised Micad on the transaction.
Founded in 1987 by Andrew Terry, who will exit the business, Manchester based Micad is a specialist in computer aided facilities management (“CAFM”) software. The software assists in the management and maintenance of large property estates to ensure that its clients remain in compliance with legislation and regulations that are imposed on managing the built environment.
Cavendish ran a competitive process which attracted a high level of interest from a number of financial investors.
Cavendish has so far completed on the sale of five deals in 2014, including Avantia Limited, Polar Speed, Fandstan Electric Group and Barbican Dental Care. Its previous TMT deals include: Avantia, Datong plc, Redbox Recorders, Opta Sports, Primal Pictures, Lightech and Focus Solutions Group.
Andrew Terry, Founder of Micad, commented:
“Over the past 25 years or so the company has enjoyed strong growth and built up a very loyal client base of blue-chip customers. I wish management and Young Associates well as they take the company on to the next stage of its development and further success and would like to thank Cavendish Corporate Finance for doing an excellent job in facilitating the transaction.”
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