Magma Corporate Finance are extremely pleased to have advised the shareholders of Leicester based MCR Systems on the sale of the business to Jonas Software, part 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 an installation base of thousands of point of sale systems and a proven track record supplying and supporting leading multi-site, multi brand and multi-concept organisations.
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 EPOS offering. The acquisition means MCR Systems is ideally placed to continue leading the way in electronic point of sale technology within our chosen markets. We are grateful to Mark Tuckwell and the Magma team, who have worked with us very closely over the last six years, helping us build a strategy and ultimately in securing this exciting transition”.
Mark Tuckwell commented “Magma have worked closely with MCR Systems for a number of years and have seen the business go from strength to strength.” He added, “it’s been particularly satisfying to support Matt and his team in this transaction, having been such a part of their journey”. Legal advice was provided by Keith Gilbert and Andrew Spiers of Freeths LLP in Leicester.