M&A Deal Summary

Bridgepoint Acquires BigHand

On May 21, 2012, private equity firm Bridgepoint acquired software company BigHand from LDC for 49M GBP

Acquisition Highlights
  • This is Bridgepoint’s 2nd transaction in the Software sector.
  • This is Bridgepoint’s 51st largest (disclosed) transaction.
  • This is Bridgepoint’s 37th transaction in the United Kingdom.
Investment Fate
  • BigHand was sold to a consortium of financial buyers in 2020.

M&A Deal Summary

Date 2012-05-21
Target BigHand
Sector Software
Buyer(s) Bridgepoint
Sellers(s) LDC
Deal Type Secondary Buyout
Deal Value 49M GBP

Target

BigHand

London, United Kingdom
BigHand provides the workflow software, including integrated speech recognition technology, that makes the creation, distribution and processing of voice files more efficient and secure. BigHand was founded in 1995 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Bridgepoint

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bridgepoint is a large European private equity firm that invests in middle-market companies across a broad range of industries with an enterprise value of €200 - €1000 million. Prospective transaction situations include buyouts, buy-ins, growth financings, consolidations, and take privates. The firms invest in the range of €75 - €400 million transaction. Bridgepoint Development Capital specializes in investments in businesses valued up to a €150 million, taking equity stakes of between €10 million and €75 million. General sectors of interest include consumer products and services, retail, financial services, healthcare, media, technology, industrials, and business services. Bridgepoint was formed in 1984 and has offices in London, Frankfurt, Luxembourg, Madrid, Milan, Paris, Stockholm and Warsaw.


DEAL STATS #
Overall 80 of 188
Sector: Software M&A 2 of 9
Type: Secondary Buyout M&A Deals 24 of 72
Country: United Kingdom M&A 37 of 81
Year: 2012 M&A 3 of 5
Size (of disclosed) 51 of 61
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-30 Alain Afflelou

Aubervilliers, France

Alain Afflelou is a franchisor of over 800 optical retail stores in France and Spain, operating under two brands Alain Afflelou, its core offering, and Plurielles d'Afflelou, its 'all-inclusive' concept. Alain Afflelou was founded in 1972 and is based in Aubervilliers, France.

Sell €780M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-11 Symington s

Leeds, United Kingdom

Symington's is a UK manufacturer of branded ambient food, with a strategic focus on convenience and value. Symington's was founded in 1827 and is based in Leeds, United Kingdom.

Sell -

Seller(S) 1

SELLER

LDC

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 3.9B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

LDC is the private equity and investment arm of Lloyds Banking Group. LDC invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. LDC was formed in 1981 and is based in London.


DEAL STATS #
Overall 46 of 210
Sector: Software M&A 3 of 16
Type: Secondary Buyout M&A Deals 15 of 77
Country: United Kingdom M&A 44 of 204
Year: 2012 M&A 4 of 5
Size (of disclosed) 40 of 62
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-17 Ocean Outdoor

London, United Kingdom

Ocean Outdoor is an operator of premium digital Out-of-Home (OOH) advertising in the United Kingdom, the Netherlands, the Nordics, and Germany. The Company operates a portfolio of large-format marquee OOH assets, including some of Europe’s most iconic outdoor advertising locations such as The Piccadilly Lights and the IMAX in London. Ocean Outdoor was formed in 2004 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-14 Metronet

Manchester, United Kingdom

Metronet is a provider of wired and wireless technology to extend the power of dedicated leased line connectivity beyond the reach of traditional fibre. Metronet was founded in 2003 and is based in Manchester, United Kingdom.

Buy £15M