Park Place Corporate Finance

Independent advice for the independently minded

Videss

£7m Sale

Videss

Videss is a leading supplier of software and related services to the legal profession.  The business is based in Liversedge, West Yorkshire with an office near Swindon.

The business was founded by husband and wife team Paul and Sonja Sanderson in 1977 and had grown to a £5m turnover business with a profit before tax of £430k.  When the couple received an offer for the business from AIM listed Computer Software Group plc they decided that it would provide a timely opportunity for them to retire.

Acting as lead advisor to the Sandersons, the PPCF team successfully negotiated a much improved consideration package that suited the vendors’ requirements and managed a tight due diligence process to achieve a quick and efficient completion.

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