Riverside’s Tensator acquires Newvision

The value of the deal has not been disclosed, but includes the assumption of existing debt and reinvestment from management shareholders. Capital for the acquisition was provided by Riverside.

Riverside acquired Tensator in 2008 through the vehicle Riverside Europe Fund III for an undisclosed amount between €25-50m. Tensator intends to further expand the range of products it offers to the dispersed queuing market.

Company
Newvision offers a range of electronic customer engagement products including interactive kiosks, queue management systems and digital displays. The company reports 20% revenue growth per annum and 3,000 installed systems serving over 400 customers in Europe, Africa, the Middle East and Latin America. Newvision sells its products to the postal, retail, public administration, healthcare, telecoms, banking and utilities sectors.

Operating in the same market as Newvision, UK-based Tensator provides queue management products including crowd control systems, in-queue merchandising and electronic signage for sale to international blue chip retailers, airport terminals and banking outlets.

People
Karsten Langer is a partner at Riverside and worked on the deal alongside Riverside principal Adam Pietruszkiewicz and senior associates Marcin Goszyk and Damien Gaudin. Riverside's director of origination Juan Barnechea sourced the deal.

Alan McPherson is CEO of Tensator. Miguel Ferreira is chairman of the Newvision board.

Advisers
Equity - Ernst & Young, Macedo Vitorino & Associates and Simon-Kucher & Partners (Due diligence), KPMG (Financial due diligence), Jones Day (Legal).

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