Science Warehouse, a UK-based enterprise and IT services spinout from University of Leeds, was acquired by enterprise producer Advanced Business Software and Solutions for £16.9m ($23.3m).
Mercia will receive $14.5m net of transaction expenses up front. It has booked an immediate realised gain of $830,000 and will generate a 14.2% return on its overall investment of $12.7m.
Founded in 2000, Science Warehouse provides cloud-based procurement software and services to clients from the commercial, government, higher education, public healthcare and housing…
