Hanover Investors, a private equity investor operating on public markets with a focus on UK and Nordic, offered to acquire Brady, a software company providing commodity solutions to producers, consumers, financial institutions and trading companies, for £15m. "We are pleased to be announcing this recommended cash offer for Brady. While Brady enjoys an enviable market position, we believe that the public market is unable to deliver the operational support and funding Brady requires to fulfil its potential. Hanover has successfully turned around several software businesses in a similar state of development, and stands ready with the expertise and capital to drive growth and deliver best in class products and services to Brady's customers," Matthew Peacock, Hanover Investors founding partner.