BGF-backed Hobs sells Anexsys

Anexsys will continue to operate in its current London and Manchester offices under its own name as part of the XDD portfolio of brands. 

BGF will continue to support Hobs Repro and its subsidiary Hobs 3D, which is led by managing director Craig Horwood.

In 2018, JLL Partners, along with the management of Xcellence, acquired XDD from Clearview Capital in a management buyout.

Previous funding
In 2014, BGF, via its portfolio company Hobs Group, invested £7m in Anexsys. At the time, Hobs comprised three companies: Hobs Repro, Hobs 3D and Anexsys.

BGF made a further investment of £4m in 2017.

Company
Anexsys provides technology and consultancy services for law firms, corporations and the public sector. Anexsys' revenues have risen from £2.1m (2015) to £7.3m in 2020 with an EBITDA of £2.1m currently. It is based in London and was founded in 2004.

People
BGF – Ben Barker (head of portfolio).

Advisers
Vendor – Brabners (legal).
Company – Lincoln International (corporate finance); DWF (legal); RSM (financial & commercial due diligence).

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

• Topics
• Exits
• Portfolio management
• UK / Ireland
• Support services
• United Kingdom
• Build-up
• Buy-and-build
• BGF (Business Growth Fund)
• Trade sale