Ve Interactive Limited has been acquired by Rowchester Limited
The administrators of Ve Interative Limited have sold the company to Rowchester Limited for an undisclosed consideration.
Ve Interactive provides software, digital technology, advertising and consultancy services. One of the core elements of its businesses was the development and exploitation of certain proprietary software, known as the “VePlatform”, which helps online retailers to improve their sales, especially where would-be customers had visited their websites and loaded items into a virtual shopping basket but not converted that interest into an actual sale. The company went into administration in April.
The buy-out was led by a consortium called Rowchester Limited, which is made up of Ve Interactive's new management team. That includes new CEO Martin Tonnessn and COO David Marrinan-Hayes.
Oaklins Smith & Williamson, based in the UK, offered corporate finance advisory support to the administrators.The team was appointed as administrators to find a way to pay off Ve's creditors.
Talk to the deal team
Brian Livingston
Oaklins Evelyn Partners
Related deals
EQUA Simulation has been acquired by Glodon Company Limited
The private shareholders of EQUA Simulation AB have sold the company to Glodon Company Limited through its Finnish subsidiary MagiCAD.
Learn moreNavita has been sold to Enghouse Systems
Oria Capital has sold its portfolio company Navita to Enghouse Systems Limited.
Learn moreTotal Design has been acquired by M80 Partners
Total Design, a Netherlands-based creative and technology agency specialized in digital design, branding and communication, has been acquired by M80 Partners, a Belgium-based private equity firm. M80 is building a portfolio of best-in-class specialists in the field of digital transformation and in this platform, Total Design is given an integral role from its digital branding, communication and technology disciplines.
Learn more