Aquiline-backed ClearCourse buys Practice Point

Following this add-on, ClearCourse intends to further expand its clinic booking services, while optimising Assisi's interface and user experience, growing its customer base and broadening its product offering.

Practice Point's management team will stay on with the business, which will continue to operate independently.

This deal is the 15th acquisition for London-based ClearCourse since Aquiline founded the group in October 2018. The buy-and-build platform was launched to consolidate the market for the provision of software and related services to the events, sports, consumer and healthcare sectors.

Other add-ons recently inked by the group include customer relationship management software provider BrightOffice; patient and clinic management software developer e-Clinic; UK-based IT project management and consultancy business Trillium; and IntelligentGolf, a provider of golf club and competition management software.

Aquiline recently held a final close for its fourth private equity fund, Aquiline Financial Services Fund IV, on $2bn, exceeding its initial target of $1.5bn. The vehicle invests in businesses operating in key industries of the global financial services sector, with a focus on financial technology, insurance, investment management, business services, credit and healthcare. It typically deploys equity tickets in the $30-300m range.

Aquiline also manages Aquiline Technology Growth, an early- and growth-stage fund that targets technology companies working with the financial services ecosystem. The vehicle closed on $190m in July 2017, exceeding its $150m target. It deploys tickets of $3-15m in North American and European companies raising series-A to growth-equity financings.

Company
Established in 2011, Practice Point is a management specialist for  veterinary practices, providing software and hardware for the industry.

The company offers a veterinary practice management system named Assisi, which was launched in 2014. Its core components include e-billing, integrated payments, online booking and reporting, and maintaining client and patient records, all of which can be accessed through a mobile app.

Assisi is currently installed at 181 veterinary practices across the UK and Ireland, including both small, independent clinics and large vet consortiums such as VetPartners, Linnaeus Group and IVC Evidensia.

People
ClearCourse – Gerry Gualtieri (CEO).
Practice Point – Gary Pender, Mark Lafferty (co-founders).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Portfolio management
• UK / Ireland
• Technology
• United Kingdom
• Build-up
• Buy-and-build