Sell-side Advisory to Bellvedi

About the deal

Bellvedi is a UK based software company that operates within the rail industry and specialises in timetabling software. Bellvedi’s key product, ATTune, is a timetable planning software package and is extensively used by train operating companies, infrastructure providers, franchise bidding teams and rail consultancies for the creation, validation, optioneering and optimisation of timetables in time pressured environments.

Tracsis plc has a blue-chip client base that includes all major UK transport owning groups. John McArthur, Chief Executive Officer of Tracsis plc, commented “We have known the Bellvedi team for a number of years and have worked with them closely on a number of key projects. Bellvedi has a great product and complimentary customer base and their expertise in timetable planning and optimisation is second to none.  We welcome the Bellvedi team to Tracsis, and look forward to continued successes in the future.”

How we made a difference:

• Introduced an innovative deal structure not previously used by purchaser.
• Negotiated a strong upfront valuation with an earn-out to deliver further value for shareholders.
• Negotiated working capital.
• Managed client and acquirer expectations through the process.