Software company acquisition supported by RBS

We’re now NatWest Group

Come and visit us for all our latest news, insights and everything NatWest Group.

Software company acquisition supported by RBS

Advanced Computer Software Group has bought Computer Software Holdings from HG Capital LP for £110m in a cash deal supported by Royal Bank of Scotland Corporate & Institutional Banking (RBS CIB).

Established in 2007, Advanced Computer Software is a leading provider of healthcare and business management software and accounting services.

Its strategy has been to develop the business through a combination of strong organic growth and complementary acquisitions.  This latest acquisition reinforces the group’s position as the leading consolidator of software to the primary care sector while creating a business with an extensive commercial and public sector customer base.

Perfect fit

Computer Software Holdings is a leading provider of accounting and back office software to the UK professional services market - legal and coroners - and customer relationship management  software for the not-for-profit  market.  It also provides accounting software to SMEs, as well as mobile solutions for field services operations.

The combined group will have over 1,900 staff and 20,000 customers across the UK, US and Ireland and the acquisition represents an excellent fit with the core business.

RBS support

RBS CIB acted as deal coordinator; hedge counterparty and arranger to support this transformational acquisition and was supported by debt funding from RBS, HSBC and Silicon Valley Bank.

Vin Murria, Chief Executive Officer, said: “This earnings-enhancing acquisition is a tremendous opportunity for both companies which will also significantly enhance the scale of our business solutions and managed services divisions.

“The support shown by RBS has been instrumental in delivering this transformative acquisition.  They continue to be proactive in their approach and have shown a positive appetite to support our strategy.  We look forward to continuing to develop our relationship with RBS in the future.”

Jon Mosscrop, Director, TMT, Royal Bank of Scotland Corporate & Institutional Banking, said: “The benefits of combining these two businesses are significant.  We support fully Advanced Computer Software' strategy to develop the business by a combination of organic growth and complementary acquisitions and we are pleased to have played a pivotal role in delivering a significant transaction that continues the positive trajectory of the business.”

RBS CIB supports corporate customers through a combination of sector expertise, a leading product range. It provides a fully integrated corporate banking proposition to UK companies and institutions with an annual turnover in excess of £25m.


Latest news

RBS to help 2.5 million people each year to be more financially capable

RBS has today committed to helping 2.5 million people in the UK each year to improve their financial capability.

RBS to increase lending to sustainable energy sector following £1.1bn securitisation of loans to UK sustainable energy market

RBS has executed a £1.1bn securitisation deal with Macquarie Infrastructure Debt Investment Solutions (MIDIS), which will allow the bank to recycle capital and increase lending to the sustainable or renewable energy sectors.

RBS launches £1 billion Female Entrepreneurship Funding and announces targets to help create at least 50k new businesses by 2023

RBS has today announced a new £1 billion in funding through NatWest to support female entrepreneurs in the UK to scale and grow – the largest intervention by a UK lender focused specifically on female-led businesses.

We’re now NatWest Group

Come and visit us for all our latest news, insights and everything NatWest Group.

Set Tab for lightbox