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
Infotreasury has been sold to Matera
Matera, a leading banking software company with world-class instant payments and core banking solutions, has acquired Infotreasury.
Learn moreFairness opinion provided to the independent Board members of Orange Belgium
The independent Board members of Orange Belgium have received a fairness opinion in the context of a contribution in-kind of VOO shares in Orange Belgium.
Learn moreEVIO has raised funds from Lince Capital for its international expansion
EVIO has secured a second fundraising round lead by Lince Capital, a Portuguese private equity firm, in order to fund its international expansion and reinforce its commercial activity.
Learn more