Ve Interactive Limited has been acquired by Rowchester Limited
April 2017 — 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.
Our role in the transaction
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
Related deals
TA Associates has completed a sell-down of its stake in Eurowag
TA Associates has completed a US$40 million accelerated bookbuild (ABB), selling approximately 4.3% of its shareholding in W.A.G. payment solutions AS (Eurowag) through a secondary offering on the London Stock Exchange. The transaction formed part of the private equity sponsor’s continued partial exit following its investment in Eurowag in 2015. The offering attracted strong demand from international institutional and Czech investors, resulting in a successful placement at US$1.33 per share, a 7.4% discount to the previous close and a 2.2% discount to the one-month volume-weighted average price (VWAP).
Learn moreDIGMATIX has entered the Czech market through the acquisition of LLP CRM
DIGMATIX has acquired LLP CRM, a Czech Microsoft Dynamics 365 Customer Engagement specialist. The acquisition marks DIGMATIX’s entry into the Czech market and strengthens the group’s capabilities in customer relationship management (CRM), sales automation, customer service and AI-powered business solutions.
Learn moreDIGMATIX has entered Romania through the acquisition of Elian Solutions
DIGMATIX, one of the largest providers of Microsoft Business Applications solutions in the region, has acquired Elian Solutions, a Romanian Microsoft Dynamics 365 partner, together with its subsidiary Elian Development Systems. Through the acquisition, DIGMATIX expands its operations into Romania and strengthens its position as a regional leader in the implementation and development of Microsoft Business Applications solutions. The acquisition was financed by an investment from DIGMATIX’s majority shareholder, Baltic private equity fund Livonia Partners, together with financing provided by SEB Bank.
Learn more