Technology investor Francisco Partners has acquired Kewill, a UK-based logistics software provider, for an undisclosed sum,
Founded in 1972, Kewill’s software integrates transportation, customs and e-commerce functions. It has offices in eight countries and a client base of 7,000 companies including Black & Decker, Hitachi and Mothercare.
US private equity firm Francisco Partners won the deal after Symphony withdrew from the process earlier this year. Kewill has been issued with a number of profit warnings of late, and delivered little in the way of growth for the last five years.
In the six months to September 2011, the company had revenues of £27.2m (€34.4m) and pre-tax losses of £740,000. The deal is Francisco’s sixth take-private in Europe since 2009.