Gresham PE acquires Investis

The GP also announced the company's takeover of Morningstar Investor Relations Services, formerly Hemscott IR. Investis managing director Helen James will take over from Justin Walters as CEO following the transaction, while Walters will continue to be a shareholder in the company and function as an adviser.

Gresham initiated the deal. The GP said in a statement it had been looking to buy a business in the sector for a year and intends to use its investment as a platform to accelerate the development of new digital products. The company plans to accelerate growth organically and through further acquisitions.

Debt
Clydesdale Bank provided a debt package for the transaction.

Previous funding
Investis was backed with £2.75m of expansion capital by the Reuters Greenhouse Fund in 2000, which took a minority stake in the business.

Company
Investis provides digital corporate communications solutions for public companies, with clients including more than 50% of the FTSE 100. The business has offices in the UK, Germany, Italy, Finland and India, employing 250 people. It is headquartered in London where it was founded in 2000. The acquisition of Morningstar IR Services will add 500 clients to the business as well as operations in the US.

People
The Gresham team working on the deal included Paul Franks, Mitch Titley, Andy Tupholme, Mike O'Brien, Adam Rudd, Ben Tichband and Peter Lahoud.

Advisers
Equity – KPMG (Financial due diligence, tax); CIL (Commercial due diligence); Burges Salmon (Legal); Intuitus (IT due diligence); Willis (Insurance due diligence); The Quinn Partnership (Management due diligence); Corporate Balance (ESG due diligence).
Company – Clarity (Corporate finance); Osborne Clarke (Legal).

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

• Topics
• Buyouts
• UK / Ireland
• Support services
• Gresham Private Equity
• United Kingdom