The Bolt-Ons Digest – 1 April 2022

Rachel Lewis
01 April 2022

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The Bolt-Ons Digest is a compilation put together by the Unquote team with the main add-on deals announced by PE-backed companies in Europe in the last few days.

TMT

NorthEdge Capital's Correla, a UK-based energy technology and data company, has acquired CloudKB, a local cloud-based energy data management business that operates the uMesh platform. NorthEdge bought Correla in March 2021 from its Capital Fund III.

Mainpoint Capital's Pointsharp, a Swedish cybersecurity company, has acquired Cryptshare, which focuses on secure communication, to enter the German market. This is Pointsharp's second bolt-on under Mainpoint's ownership. The GP bought the asset in November 2020.

LDC'S Omniplex, a UK provider of e-learning solutions has acquired Nickelled, a local SaaS digital adoption specialist. LDC bought the asset in January 2021.

Main Capital Partner's Paragin, a Dutch ed tech software company, has acquired Sowiso, a local mathematics software specialist. Main Capital bought the asset in April 2021 from Main Capital VI.

Business services

QPE's Encore, a UK provider of estate management services, has acquired local peer PREIM, which focuses on housing developers and the management of urban extension development. The deal adds 16,000 properties to Encore's portfolio. It bought the asset in March 2021 from its debut fund, QPE I.

Tenzing's Jeffreys Henry, a UK provider of accountancy software for SMEs, has acquired local accounting firm Arram Berlyn Gardner (ABG). Tenzing bought the asset in February 2021 via its Private Equity II fund.

Ara Partner's Px Group, a UK-based operator of energy and other high hazard sites, has acquired Fairport Engineering, a local materials handling specialist. The add-on is the first for Px, which was acquired by Ara in April 2021.

Healthcare

Cinven's Barentz, a Dutch life science ingredients distributor, has acquired Unipex, a French distributor of similar ingredients and speciality chemicals. Cinven bought Barentz in November 2019, in its final investment from its sixth fund.

Fremman Capital's Palex, a Spanish seller of high value-added medtech, has acquired Gada, an Italian distributor of medical devices for cardiovascular and blood management. Gada adds EUR 100m revenue. Fremman acquired Palex in October 2021.