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Buzzacott has revealed that it has advised the shareholders of Cadcorp Limited on its sale to NEC Software for an undisclosed fee.
This strategic acquisition enhances NEC’s capabilities in delivering advanced, location-based intelligence to local authorities and public safety organisations across the UK and beyond.
As part of the deal, Buzzacott pre-agreed the EV-to-Equity Bridge negotiations before signing heads of terms with the preferred party. This eliminated post-signing adjustments and safeguarded the headline value from the outset.
Cadcorp is a UK-based provider of Geographic Information Systems (GIS) and web mapping software.
Its flagship product, Cadcorp SIS, is widely used by a range of sectors including emergency services, government, land and property, energy, infrastructure, social housing, finance and environment to improve their services, accessibility and performance.
NEC Software Solutions provides software and IT services to public sector organisations, including government departments, emergency services, healthcare providers, and housing associations.
The integration of Cadcorp’s technology with NEC’s existing platforms will enable a more connected and responsive approach for NEC’s markets and customers.
The transaction team was made up of Matthew Katz, Poppy McMullan, Greg Westcott, and Olivia Bates.
Trevor Armstrong, managing director of Cadcorp, said: “The Buzzacott team were excellent throughout, making the process as painless as possible, whilst ensuring we maximised the value for the shareholders.
“Matt, Poppy, Greg and Olivia demonstrated significant expertise along with professionalism and personal dedication, allowing the sale of Cadcorp to be completed as smoothly as possible and within a relatively short time. Without doubt we made the right call to appoint Buzzacott as our advisors, and. wouldn’t hesitate to recommend them.”
