The Bolt-Ons Digest - 19 August 2022

Business services

Palatine’s CTS Group, a UK-based construction consultancy, has acquired Concept Engineering Consultants, which specialises in geotechnical services. The deal is CTS’s eighth bolt-on. Palatine acquired CTS in November 2018 via Palatine Private Equity Fund III.

NorthEdge’s Testronic, a UK-based tester for the video games market and part of the Catalis Group, has acquired both Check Disc Labs (CDL) and Giant Interactive, local peers providing quality assurance and delivery services. NorthEdge acquired Catalis in August 2019 in a take-private via NorthEdge Capital Fund II.

Palatine’s Cura Terrae, a British environmental services company, has acquired S.I. Environmental, a local occupational health consultancy, marking its first bolt-on. Palatine acquired a significant minority stake in Cura Terrae in March 2022 via Palatine Private Equity Impact Investing Fund.

Financial services

Apax France's Groupe Crystal, a French investment and asset management advisor, has acquired local peer Zenith Capital. Apax acquired Groupe Crystal in September 2020 via Apax France X.

Corsair’s Axo, a Nordic distributor of personal finance products, has acquired Defero, a local digital credit-scoring and financial management platform. Corsair acquired Axo in 2019 via Corsair V.

Cairngorm Capita’s Verso Wealth Management, a London-based wealth management platform, has acquired Campbell Thomson, its fifth acquisition, taking the company into Scotland. Cairngorm acquired Verso in September 2021 via Cairngorm Capital Partners III.

TMT

Livingbridge’s CitNOW, a UK-based software company serving car dealerships, has acquired Real Time Communications, a local peer in sales lead management and aftersales operations. Livingbridge acquired CitNOW in July 2022 from Tenzing via Livingbridge 7.

Keensight Capital’s Buckaroo, a Dutch provider of technology solutions for online payments, has acquired local point-of-sale payment service provider Sepay. Keensight acquired Buckaroo in December 2021.

Chemicals

Triton’s Fertiberia, a Spanish producer of agricultural chemicals, has acquired Trichodex, a local peer that specialises in crop nutrition. Triton acquired Fertiberia in August 2019 via Fund V.

Industrials

Epiris’ Stuart Turner, a British provider of water-pump solutions, has acquired Aquatronic Group Management, a local provider of cold-water maintenance services. Epiris acquired Stuart Turner in January 2022 via Epiris Fund II.

Abris’ GreenGroup, a Romania recycling group, has acquired UAB Ecso, a Lithuanian low-density polyethylene recycling peer. GreenGroup has set aside EUR 200m for more bolt-ons. Abris acquired GreenGroup in July 2016 via Abris CEE Mid Market Fund III.

Emeram’s Officium, a German submetering and energy services provider, has acquired local peer Delta-t Messdienst, its eighth bolt-on in the past 20 months. Eneram founded Officium in December 2020 via EMERAM Private Equity Fund I.

Triton’s All4Labels, a German label manufacturer, has acquired Carlucci, an Italian producer of pressure-sensitive labels for the pharmaceutical sector. It is the eighth bolt-on for All4Labels since October 2021. Triton acquired the asset in August 2019 via Triton V.

Cairngorm Capital’s Sentry Doors, a British door manufacturer for social housing, has acquired E & S. W. Knowles, a local peer specialising in fire-safe doors. Cairngorm acquired Sentry Doors in February 2019 via Cairngorm Capital II.

Healthcare

TriSpan’s Real Good Dental, a Scottish dental chain, has acquired peer Enamel Dental Group to move into England. TriSpan acquired RGD in July 2019.

Apposite Capital’s HCML, a British rehabilitation provider, has acquired Healthcare rm, a local employee health risk management specialist, to improve its offering to employers. Apposite acquired HCML in November 2021.

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