Investment Summary

Development Capital Invests In Version 1

On July 28, 2014, growth capital firm Development Capital invested in information technology company Version 1

Investment Highlights
  • This is Development Capital’s 1st transaction in the Information Technology sector.
  • This is Development Capital’s 1st transaction in the United Kingdom.
Investment Fate
  • Version 1 was sold to a consortium of financial buyers in 2017.
  • Version 1 was sold to a consortium of financial buyers in 2022.

Investment Summary
Date 2014-07-28
Target Version 1
Sector Information Technology
Investor(s) Development Capital
Deal Type Growth Capital

Target

Version 1

London, United Kingdom
Version 1 is an IT consulting and managed services company. Version 1 delivers technology-enabled solutions and services that transform their customers’ businesses. They bring in-depth domain experience, breadth of technology competence, and a relentless focus on service excellence and customer satisfaction to address the business challenges of enterprise customers across all industry sectors. Version 1 was founded in 1996 and is based in London, England.

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Investor(S) 1

Investor

Development Capital

Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2013
PE ASSETS 75M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Development Capital is growth capital firm focused on expansion stage companies throughout Ireland. The Firm looks to commit €2 to €12 million to support a variety of capital needs, including restructurings, buyouts, bolt-on acquisitions, and production expansion opportunities. Development Capital has a special interest in businesses looking to expand into new export markets. Development Capital was formed in 2013 and is headquartered in Dublin.

DEAL STATS #
Overall 1 of 6
Sector (Information Technology) 1 of 1
Type (Growth Capital) 1 of 5
Country (United Kingdom) 1 of 1
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 ATA Group

Cavan, Ireland

ATA Group is a global producer of tungsten carbide rotary files, known as burs. Burs are a precision engineered consumable used to fabricate, polish and repair metalwork and are used across a broad range of industries including aerospace, marine, oil & gas, automotive and power generation. ATA Group was formed in 1963 and is based in Cavan, Ireland.

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