The Eight Advisory UK Team provided buyside financial & tax due diligence advice to Setforth on its acquisition of Fitfactory Technology
Setforth, an Aquiline Capital Partners backed investment company with a focus on enabling founder-led software businesses to achieve their next level of growth, has announced the acquisition of Fitfactory Technology.
The acquisition enables Fitfactory to accelerate its growth and innovation plans with strategic guidance and investment from Setforth.
Fitfactory, headquartered in Stockton-on-Tees, is a leading provider of modular MRP, ERP and MES software solutions to high-value manufacturing and engineering clients. Its best-in-class products enable digital transformation within the sectors it serves, empowering over 300 businesses and 400 factories across the globe to optimise operations and drive efficiency.
Fitfactory’s existing management team, led by CEO Jason Pritchard, will continue to lead the business and build upon the strong foundation established by founders Tom Dawes and Tony Guo. This continuity will ensure a seamless transition.
“This acquisition marks a significant milestone for Fitfactory. In joining forces with Setforth, we are poised to take our company to new heights. Setforth’s deep strategic knowledge and support will enable us to accelerate our growth plans, expand our product offerings, and deliver even greater value to our customers.” – Tom Dawes, Founder of Fitfactory & Jason Pritchard, CEO at Fitfactory.
Eight Advisory’s involvement in this transaction:
- Finance: Rupert Templeman, Alexander Parsons and Jacob Osborne.
- Tax: Dean Lake, Michael Hackley and Ross Cornick
