Deal Background
MSoft eSolutions, established in 1999 on the Wirral, provides asset and blood tracking software solutions to customers, which includes government agencies and the NHS.
The MESalS Community Equipment Division of Allocate Software plc is one of the UK’s leading equipment and loan store systems, implemented in over 40 locations across the UK and as far afield as Australia.
The application of this system covers clients in Health, Social Services and Council Joint Stores sectors.
How Langtons Helped
Langtons acted as lead advisors to the shareholders of MSoft eSolutions, assisting them by performing a valuation of the target, helping with negotiations and the structuring of the transaction, producing a business plan and financial projections, as well as assisting MSoft in successfully raising the necessary finance.
We also provided support for MSoft throughout the whole process, including all legal aspects.
Results
The acquisition was successfully completed, allowing MSoft to expand their community equipment software solution across the whole of the UK.
This allowed them to consolidate their position as the market leader of business stores software solutions.
Funding was provided by FW Capital via the North West Fund for Business Loans.
