Acquired by
- Exit deal
- July 2024
- Value: Undisclosed
Supplier management software company, Trade Interchange, is targeting international growth after being acquired by, long-term B2B software investor, Everfield.
Manchester-based M&A advisory firm Rickitt Mitchell led the sale, with the deal team comprising partner Kaine Smith, manager James Kidner and corporate finance executive Naomi Hill.
Trade Interchange, based in Stockton-on-Tees, Teesside, provides software that helps some of the UK’s best-known organisations reduce the risks and costs associated with managing large supplier bases.
The company specialises in supporting customers in industries with high degrees of compliance risk, such as food and beverage, hospitality and healthcare. Customers include AAK, Apetito, NHS Professionals, Sodexo and Whitbread.
Founded in 2000, Trade Interchange has grown to have 30 employees and its software is used by companies in 28 countries globally with 10 languages supported on the platform.
With support from European-based Everfield, the company is seeking to accelerate growth by further increasing its presence within its core markets in the UK and Europe.
Trade Interchange will continue to be led by co-founder and CEO Mike Edmunds, alongside his existing senior leadership team. The acquisition enables four other shareholders to exit the business.
“Trade Interchange is a fantastic example of an innovative SaaS business in the compliance procurement software space, with a market leading ESG focussed proposition provided to enterprise grade clients both in the UK and globally. After a highly competitive process it was pleasing to see Everfield win with their considered, long-term investment approach.”
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