Kewill to be sold to FPF for £89.5m
■ Kewill said yesterday it had agreed to be taken private by tech-focused private equity firm Francisco Partners Funds (FPF) in a deal that values the British software company at £89.5m. Kewill shareholders would get 96 pence per share, a 26 per cent premium to the stock’s close on Tuesday. Kewill, which provides software to freight forwarders, distribution firms and express parcel groups, said its directors would recommend the deal to its shareholders. FPF has $7bn (£4.3bn) of capital.