GB Group buys Capscan Parent for £11.2m

The transaction was primarily funded by a share placement. Both GB and Capscan are listed on AIM.

GB Group has been a portfolio company of Frog Capital since October 2010. The value of the investment was estimated to be less than £25m. GB Group is an identity management company based in Chester.

The acquisition price of Capscan was £11.2m, with £7.7m raised through share placing. The remaining £3.5m was provided in cash.

This acquisition is in line with the company's business strategy. Portfolio synergy will be generated through functionality and software integration and customer reach.

Debt
There was no debt provided for this transaction.

Company
Capscan Parent is a provider of customer registration and address management software products. Headquartered in London, the company has a customer base of more than 1,800 clients globally, including government departments and blue chip companies. Capscan was established in 1969.

People
Mike Reid, managing partner, represented Frog Capital in the transaction.

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