February 12th, 2018 / Insight posted in MKS News

Kingston Smith Corporate Finance advises QBS Software on its sale to GNR Technology

Kingston Smith Corporate Finance has advised the shareholders of QBS Software Ltd on the company’s sale to GNR Technology Ltd for an undisclosed sum.

QBS is a leading software distributor, providing a comprehensive range of products from a wide spectrum of software publishers.  Headquartered in London, the company employs 40 staff.

The Kingston Smith Corporate Finance team was appointed to help find an acquirer using its technology sector knowledge. Led by partner Marc Fecher and director Nick Thompson, the team worked closely with QBS Software’s shareholders to identify potential buyers and to negotiate, manage and complete the sale.

Mark Spangenthal, Director of QBS said: “Thank you Marc, Nick, Kat and the Kingston Smith Corporate Finance team, we couldn’t have done such a complicated transaction by ourselves. From the beginning of the process, you understood our personal requirements and exceeded our expectations of value by a significant multiple”.

Skye Quin, Director, of QBS said: “You helped, managed and supported us throughout the sale process with a personal touch and were a pleasure to work with. We’d highly recommend Kingston Smith to any tech entrepreneur wanting to sell their business”.

Marc Fecher said: “It’s been a great pleasure to see the QBS shareholders succeed with this sale. We’ve really enjoyed being part of their business journey”.

Dave Stevinson, Managing Director of GNR Technology Ltd commented: “Credit goes to both sets of advisors for their diligence to get the deal done in a professional manner and working above and beyond the call of duty to particularly tight deadlines”.

Both companies will continue to trade as separate companies under their own names.