Project Lipari – K3 Technology Group

FRP Corporate Finance’s team has advised K3 Business Technology Group (K3) on the £36 million sale of one of its divisions, NexSys Solutions, to global ERP software provider SYSPRO.

NexSys is a specialist provider of digital manufacturing and distribution software in the UK. The acquisition builds on a long and successful partnership between SYSPRO and NexSys, during which NexSys established itself as a trusted provider of digital solutions to manufacturing and distribution companies across the UK.

The carve-out acquisition is a key milestone for SYSPRO’s strategy to expand its global footprint by strengthening its presence in the UK and expanding its reach across Europe. It will also enable SYSPRO, which is backed by global private equity firm, Advent International, to expand its highly regarded digital manufacturing suite with new products and capabilities.

As the exclusive sell-side provider, our Corporate Finance team, led by Partner James Mines and Senior Manager Chris Haidar, provided end-to-end support to K3, helping prepare NexSys for sale and leading on the negotiation of terms and financial due diligence and through to a successful conclusion.