Freeths advises on the sale of Leicester based MCR Systems to listed Canadian Group
MCR Systems, a leading provider of software and electronic point of sale systems has been acquired by Jonas Software, a subsidiary of Toronto listed Constellation Software Inc.
Established in 1978, MCR Systems has over thirty-five years’ experience in providing enterprise management solutions technology. MCR Systems has become a leader in the sector by combining high quality software, cutting edge electronic point of sale technology and an unrivalled level of service. The business has a proven track record supplying and supporting leading multi-site, multi-brand and multi-concept organisations.
Jonas operates over 70 independently managed software companies around the world, providing them with the strategic guidance and financial security required to be leaders in their respective markets.
Matthew Gatter, MCR Systems Managing Director, commented:
“We are extremely pleased to be joining the Jonas Group and add to the strength of their existing software offering. The acquisition means MCR Systems is ideally placed to continue leading the way in electronic point of sale technology within our chosen markets.”
Professional advisers on the transaction were also Leicester based. Keith Gilbert and Andrew Spiers at Freeths LLP provided legal advice, with Mark Tuckwell and Shafwaan Bheda of Magma Chartered Accountants advising the shareholders of MCR Systems.
Keith Gilbert, Corporate Partner at Freeths, added:
“This is a really positive acquisition, with the parties being a great fit to continue to develop the MCR business. It was a pleasure to work with the MCR team and also with Magma, who we have assisted with transactions previously.”
Mark Tuckwell of Magma, commented:
“Magma have worked with MCR Systems for a number of years and have seen the business go from strength to strength. This transaction was particularly satisfying for us, having supported MCR for a number of years.”
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