The Sheffield-office of law firm Irwin Mitchell has advised Electronic Data Processing Plc on its £12m sale to Eagle Bidco 2018 Limited.
The boards of EDP and Eagle Bidco 2018 Ltd reached an agreement on the terms of a recommended cash offer in July. The acquisition was sanctioned by the High Court last week and has completed today.
Based in Sheffield, EDP supplies software to the merchanting and wholesale distribution industry. The company also has sites in Runcorn and East Grinstead with a hosting centre in Milton Keynes.
Eagle Bidco 2018 Ltd is owned by KCS Group, a provider of specialist software, services and support to trade, wholesale, manufacturing, field service and distribution customers.
The group, which is backed by private equity business Accel-KKR, employs over than 650 staff at offices in the UK, Ireland, South Africa, the Netherlands and North America.
The completed sale will see EDP retain its main office remaining in Sheffield. The enlarged group’s headquarters will be located at KCS Group’s head office in Hungerford.
Irwin Mitchell’s Corporate team in Sheffield, led by partner Laurence Gavin, advised EDP on the deal.