MacIntyre Hudson Thames Valley team central to major medtech merger

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Stephen Emerson

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London software firm ClearCourse has acquired Pursuit Software. Due diligence on the deal was completed by MHA Hudson McIntyre's Corporate Finance Thames Valley team

The MHA Corporate Finance Team lead by Justin Moss and Chris Denning completed the tax and financial due diligence for the deal.

The deal is ClearCourse's second acquisition of the month following their purchase of Belfast based Blue Zinc.

The ClearCourse group of innovative technology brands provide software solutions and integrated payment platforms. In acquiring Pursuit Software, they secured a provider of jewellery management and point-of-sale (POS) software. Pursuit now join ClearCourse’s Retail division.

Following the deal Managing Director, Mike Burns, will continue to lead Pursuit Software on a full-time basis. The financial aspect of the deal was not disclosed.

Founded in 2008 and based in Norwich, Pursuit Software provides bespoke software solutions for high-end, multi-store jewellery businesses, including London-based Fraser Hart and Edinburgh’s Hamilton & Inches. The company’s services include stock management platforms, POS integration, enterprise resource planning (ERP), and repairs and manufacturing functions — all of which help jewellery brands efficiently manage their stock and customer transactions.

Pursuit Software offers a payment function, a click-and-collect service and website development and integration. Its software connects to existing instore and online sales systems, creating interoperable stock management across platforms that are tailored to customers all over the UK and Ireland.

New and existing customers will benefit from the company’s integration with ClearCourse’s spectrum of software businesses and proprietary payments platform, ClearAccept, which is designed to allow individual businesses to tailor their users’ payment experience while easing the burden of security and compliance.

Justin Moss, photo credit: MHLLP

Justin Moss commented on the deal; "The MHA team and I are exceptionally proud to have advised on this acquisition for ClearCourse, which continues their exciting growth and development strategy. We are sure this partnership with Pursuit will flourish over the coming years and we look forward to working with ClearCourse again in the future."

Main image credit Istock.

Stephen Emerson

Stephen Emerson is the Managing Editor of The Business Magazine and is responsible for the publication's print publications and online properties including the newly launched Biz News websites in Hampshire and Dorset. Stephen has been a journalist for 20 years and has worked at local, regional and national publications and led a team which made The Scotsman website one of the fastest growing news sites in the UK with over eight million monthly users. He has a keen interest in technology, property and corporate finance and telling the stories of the people behind the successful firms in these sectors.