Benchmark International has Successfully Facilitated the Transaction Between Richlyn Systems Limited and Pennine Holdings Ltd

Benchmark International has advised on the transaction between bespoke software provider, Richlyn Systems, and Sheffield-based Pennine Holdings.

Established in 1983, Richlyn Systems is a specialist software and web developer, providing industry tailored software development, standalone software packages and contractual software maintenance to a diverse range of niche B2B clients in industries such as commercial property, health, manufacturing and distribution.

Pennine Holdings focuses on acquiring and developing IT related businesses with a view to creating synergies and improving performance.

Paul Sykes, Pennine Holdings chief executive, said: "We identified Richlyn Systems as an ideal acquisition target as it has a blue-chip client base. The software solutions it has developed will enhance the range of services that the enlarged group can offer ensuring that the group can continue to deliver cutting edge solutions to its client base. It is our aim to further invest in the combined business to deliver long term growth."

Benchmark International would like to thank all parties involved and we wish them all the very best of luck for the future.

WE ARE READY WHEN YOU ARE

Call Benchmark International today if you are interested in an exit or growth strategy or if you are interested in acquiring.

Europe: Carl Settle at +44 (0) 161 359 4400 / Settle@BenchmarkCorporate.com

Americas: Sam Smoot at +1 813 898 2350 / Smoot@BenchmarkCorporate.com

Africa: Anthony McCardle at +27 (0) 21 300 2055 / McCardle@BenchmarkCorporate.com

ABOUT BENCHMARK INTERNATIONAL

Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximising solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $5B across 30 industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 13 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.

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