Buy-and-build
Cathay, BPI-backed AD Education bolts on Accademia Italiana
Following the deal, Accademia Italiana founder Vincenzo Giubba will stay on with the business to support its expansion
Inflexion-backed Alcumus acquires Banyard and ContractorCheck
Management teams of Banyard and ContractorCheck have not retained stakes in the companies
Equistone-backed FirstPort to merge with Mainstay
Hampshire-based FirstPort recorded a turnover of £28.9m for the year-ending in December 2018
Agilitas-backed Cibicom acquires Ice Denmark
Deal comes two years after GP acquired Teracom and Relacom, and formed a new merged entity
Aliante-backed Morato Pane bolts on two companies
With these add-ons, the group expects to further boost its international expansion and increase its revenues
SEP-backed Dotmatics acquires BioBright
SEP invested in Dotmatics, a provider of data analysis software for laboratories, in October 2017
Augens-, BMO-backed Impresa San Siro bolts on Bertini
Company will be integrated within the San Siro group, but will continue to operate under its own brand
Apiary-backed Conn3ct acquires ICR
Apiary supported the acquisition with fresh equity from its debut fund, which closed on £200m
Lonsdale-backed CRSG acquires Acclimatise
Lonsdale acquired CRSG in December 2018, drawing equity from Lonsdale Capital Partners
Buy-and-building through the storm
Bolt-ons remain one way of deploying capital and building value, but a tough financing market and pricing mismatches make for a challenging landscape
Ardian's Frulact buys Sensient's yoghurt division
With this add-on, Frulact expects to consolidate its market position and further expand in the US market
August-backed Code acquires Isopharm
Based in Sheffield and founded in 1999, the dental training company employs 50 people
3i-backed Evernex bolts on Vitruvian's Technogroup
3i deploys €47m in capital, while Vitruvian rolls over a significant investment in the combined group
Eurazeo-backed Planet acquires 3C Payment
Planet is said to pay between the high millions and low tens-of-millions-of-euros on an acquisition
Inflexion-backed ONP invests £1.5m in Lavatech
Founded in 2013, Lavatech is the developer of legal app InCase and is based in Manchester
Vista-backed Accelya bolts on Farelogix
With this add-on, Accelya expects to further expand its end-to-end platform for the airline industry
Main Capital-backed Alfa acquires Joliv
GP plans to merge Joliv and previously acquired e-health business Alfa
Xenon-backed Impresoft bolts on Progel
Following the deal, Progel's founders will stay on with the business and reinvest in the combined group
LDC-backed Linley & Simpson acquires Link Agency, Dawson Wake
Previous acquisitions were financed by Santander Corporate and Commercial Banking
CD&R-backed Huntsworth acquires Cormis
Cormis partners will continue to lead Cormis and join the Huntsworth division's leadership team
Progressio-backed Gampack bolts on Futura Robotica
With this add-on, Gampack plans to broaden its offering, while expanding its commercial network
DevCo-backed VAG acquires ZMK Technologies
DevCo-backed Vexve Armatury Group (VAG) has acquired a majority stake in German valve supplier ZMK Technologies from Advanced Holdings – a Singaporean listed company focusing on engineering services and clean technologies – and the founders of the...
Alpha-backed AMF bolts on Mimest
Founders and management team reinvest in the business and continue to lead the company
Norvestor Equity sells Wexus to TDR-backed Algeco
Sale ends a three-year holding period for the GP, which invested in the company via its seventh fund