Ashcombe is pleased to announce that it advised QSoft Consulting on the sale of Gaydar to its management team who were backed by media entrepreneur Charlie Parsons.
The sale represents the final stage of a 2 year strategic plan to rationalise QSoft’s portfolio of investments that Ashcombe has been working with the company to achieve. The rationalisation will allow both Gaydar and QSoft to realise new and independent strategies to the benefit of all stakeholders.
Simon Bullivant, of Ashcombe Advisers commented: “We are pleased to have advised QSoft throughout this process on what is its most important portfolio company. This is a transaction which will benefit all parties involved, and will give Gaydar fresh capital to grow its presence in both new and existing markets.”
Henry Badenhorst, Chairman of QSoft Consulting commented: “Ashcombe’s involvement over the last 2 years has been instrumental in helping QSoft identify and achieve its aims. They have become a trusted advisers to the business.”