M&A Deal Summary

Vitruvian Partners and Clairvest Group Acquire Meriplex

On July 18, 2022, private equity firms Vitruvian Partners and Clairvest Group acquired information technology company Meriplex from Clairvest Group

Acquisition Highlights
  • This is Vitruvian Partners’ 8th and Clairvest Group’s 3rd transaction in the Information Technology sector.
  • This is Vitruvian Partners’ 5th and Clairvest Group’s 22nd transaction in the United States.
  • This is Vitruvian Partners’ 1st and Clairvest Group’s 4th transaction in Texas.

M&A Deal Summary

Date 2022-07-18
Target Meriplex
Sector Information Technology
Buyer(s) Vitruvian Partners
Clairvest Group
Sellers(s) Clairvest Group
Deal Type Recapitalization
Advisor(s) Q Advisors LLC (Financial)
Torys LLP (Legal)

Target

Meriplex

Houston, Texas, United States
website
Meriplex is a managed solutions provider specializing in delivering intelligent network solutions, cloud enablement and managed services for the mid-enterprise market. Meriplex is based in Houston, Texas.

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Buyer(S) 2

Buyer

Vitruvian Partners

London, United Kingdom

website


Category Private Equity Firm
Founded 2006
PE ASSETS 8.5B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Vitruvian Partners is an independent private equity firm that specializes in middle-market buyouts, growth buyouts and growth capital investments in the UK and elsewhere in Northern Europe. Vitruvian looks for companies that are 'operating in dynamic situations, where there is an opportunity to build strategic value'. The Group's target investment size is £25 to £150 million in transactions valued up to £500 million. Sectors of interest include business services, consumer services, financial services, life science, healthcare services, media, technology, communications, and internet software. Vitruvian Partners was formed in 2006 and is based in London.


DEAL STATS #
Overall 43 of 45
Sector (Information Technology) 8 of 8
Type (Recapitalization) 1 of 1
State (Texas) 1 of 1
Country (United States) 5 of 6
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-13 Outpost24

Karlskrona, Sweden

Outpost24 is a vulnerability management company providing solutions to help users identify and mitigate weaknesses in their network. Outpost24 offers real-time vulnerability alerts and solution-based reports that facilitate the instant recognition of imminent threats. Outpost24 was founded in 2001 and is based in Karlskrona, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-26 Aspia

Stockholm, Sweden

Aspia offers accounting, payroll management, HR, consulting, interim consultants and a number of other company-related services. Aspia is based in Stockholm, Sweden.

Buy -
Buyer

Clairvest Group

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 1.7B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Clairvest Group is a generalist Canadian private equity firm focused on mid-market businesses with C$5 to C$50 million of EBITDA. While Clairvest does not have any sector preferences, the Firm prefers fragmented sectors with recurring revenue business models and economies of scale. Clairvest will consider both minority and majority investment positions and invests in the range of C$15- C$100 million per transaction. Clairvest was formed in 1987 and is based in Toronto.


DEAL STATS #
Overall 41 of 44
Sector (Information Technology) 3 of 3
Type (Recapitalization) 3 of 3
State (Texas) 4 of 4
Country (United States) 22 of 25
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 Boston Carting Services

Bellingham, Massachusetts, United States

Boston Carting Services is an independent solid waste management company servicing the Greater Boston Area with a focus on providing residential, commercial and roll-off container waste collection. Boston Carting Services was founded in 2018 and is based in Bellingham, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 DTG Recycle

Mill Creek, Washington, United States

DTG Recycle is a commercial recycler of construction and demolition, industrial and manufacturing waste in the Pacific Northwest. DTG Recycle strives for a zero-waste future through innovative sorting techniques and the development of products and alternative energy fuels made from recycled materials. DTG Recycle offers convenient, innovative ways to recycle with the best customer service in the industry. DTG Recycle was founded in 2007 and is based in Mill Creek, Washington.

Sell -

Seller(S) 1

SELLER

Clairvest Group

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 1.7B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Clairvest Group is a generalist Canadian private equity firm focused on mid-market businesses with C$5 to C$50 million of EBITDA. While Clairvest does not have any sector preferences, the Firm prefers fragmented sectors with recurring revenue business models and economies of scale. Clairvest will consider both minority and majority investment positions and invests in the range of C$15- C$100 million per transaction. Clairvest was formed in 1987 and is based in Toronto.


DEAL STATS #
Overall 25 of 27
Sector (Information Technology) 3 of 3
Type (Recapitalization) 2 of 2
State (Texas) 2 of 2
Country (United States) 13 of 15
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 Boston Carting Services

Bellingham, Massachusetts, United States

Boston Carting Services is an independent solid waste management company servicing the Greater Boston Area with a focus on providing residential, commercial and roll-off container waste collection. Boston Carting Services was founded in 2018 and is based in Bellingham, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 DTG Recycle

Mill Creek, Washington, United States

DTG Recycle is a commercial recycler of construction and demolition, industrial and manufacturing waste in the Pacific Northwest. DTG Recycle strives for a zero-waste future through innovative sorting techniques and the development of products and alternative energy fuels made from recycled materials. DTG Recycle offers convenient, innovative ways to recycle with the best customer service in the industry. DTG Recycle was founded in 2007 and is based in Mill Creek, Washington.

Sell -