Penningtons Manches Cooper advises Clubspeed LLC on sale to Valsoft Corporation Inc., through wholly owned subsidiary Manos Software Group
Penningtons Manches Cooper has advised Clubspeed LLC, a global provider of venue management software, on its sale to Valsoft Corporation Inc., through its wholly owned subsidiary Manos Software Group. This was a US-led deal, with Penningtons Manches Cooper advising on the UK aspects of the transaction.
Founded in 2005 and headquartered in Irvine, California, Clubspeed provides integrated software platforms that support the management of high-traffic entertainment venues. Its solutions encompass point of sale, online bookings, customer relationship management, reporting and specialist race management functionality. The business serves more than 1,700 venues globally, including karting tracks, family entertainment centres, trampoline parks and a range of other attractions operators.
The deal represents a strategic step for Clubspeed, enabling it to leverage Valsoft and Manos Software Group’s long-term investment model and operational support to continue enhancing its product offering. As part of the group, Clubspeed is well positioned to accelerate development, including AI-enabled capabilities, while maintaining its focus on delivering mission-critical software solutions to operators in the karting, attractions and family entertainment sectors.
The Penningtons Manches Cooper team was led by corporate partner, Matthew Martin with support from corporate senior associate, Emily MacDonald. The wider team included tax partner, Stephen Goldstraw. The team also worked closely with US law firm Winstead PC, who acted as lead counsel on the deal.
Romir Bosu, chairman and CEO of Clubspeed, commented: “This transaction represents an important next chapter for Clubspeed. Partnering with Valsoft and Manos provides the stability and long-term perspective needed to continue developing our platform and supporting our customers as their needs evolve. It was a pleasure to work with the team at Penningtons Manches Cooper, whose pragmatic and commercially focused advice supported us throughout the process and helped ensure a smooth completion.”
Matthew Martin, corporate partner at Penningtons Manches Cooper said: “We are pleased to have supported Clubspeed on this transaction, having previously advised the business on its own acquisition activity. The sale to Valsoft and Manos Software Group represents an important milestone for the business and provides a strong platform for its continued growth as part of a long-term, sector-focused software group.”