​Sale of ATCORE Technology Group Limited by LDC

Deal typePrivate Equity & Transaction Services
IndustryTechnology & Media

The BDO Midlands TS team provided vendor financial and taxation due diligence services to LDC in support of their sale of ATCORE Technology Group Limited to Inflexion Private Equity. 
ATCORE provides reservation and e-commerce solutions to enable some of the world's largest travel companies to operate more efficiently. 

In May 2014, LDC backed the £45million management buyout of Anite Travel Limited (now ATCORE), the travel business of Anite plc. Since then LDC has supported the business to fund product development, expand into new products and markets and to supplement organic growth with bolt-on acquisitions such as the acquisition of Tiger Bay Software in 2015.

"The BDO team worked efficiently throughout the process, producing a thorough scope of work that they diligently worked through which ultimately led to minimal follow up work. Furthermore the team built up a good relationship with Management and worked their way through vast amounts of data in a timely manner to ultimately ensure our timeline and process continued to drive forward."

David Bains, Investment Directorspeechmark