Moore Stephens Corporate Finance acted as exclusive financial adviser to LMS Capital in the sale of Wesupply to HighJump Software Inc.
Wesupply, based in Coventry UK, was majority owned by UK private equity firm LMS Capital. Wesupply provides a technology enabled fully managed and outsourced B2B electronic data integration service between buyers and sellers of goods and services in the supply chain. The uniqueness of Wesupply’s fully outsourced managed services enables its clients to achieve significant cost savings in their supply chain.
HighJump is headquartered in Minneapolis and is backed by the US private equity firm Accel-KKR. HighJump is a global provider of supply chain management software to streamline the flow of inventory and information from supplier to store shelf. The group supports more than 14,000 customers in 77 countries, ranging from small businesses to global enterprises.
The transaction was led by Philip Bird of Moore Stephens, whom commented: “Wesupply is a world class business and the only company in its sector that provides a fully managed outsourced service. The quality of Wesupply was reflected in the very strong interest from a number of different acquiror groups. It was a pleasure to work with LMS Capital and the management team at Wesupply.”
Pieter Hooft at LMS Capital commented: “The key factor in choosing Moore Stephens was their understanding of Wesupply’s market, requiring both applied technology and supply chain expertise and connections. Moore Stephens ran a dual private equity and trade process targeting a focused list of international acquirers. We were impressed by the commitment and energy of the team and they were instrumental in helping achieve a successful outcome for LMS and management.”
For more information, please contact Philip Bird