M&A Deal Summary

Eight Roads Acquires Picsolve International

On July 21, 2008, private equity firm Eight Roads acquired business services company Picsolve International from MERIDIAN EQUITY for 33M GBP

Acquisition Highlights
  • This is Eight Roads’ 1st transaction in the Business Services sector.
  • This is Eight Roads’ largest (disclosed) transaction.
  • This is Eight Roads’ 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2008-07-21
Target Picsolve International
Sector Business Services
Buyer(s) Eight Roads
Sellers(s) MERIDIAN EQUITY
Deal Type Secondary Buyout
Deal Value 33M GBP

Target

Picsolve International

Derby, United Kingdom
website
Picsolve International is a provider of unique photography at theme parks and other attractions. Picsolve captures over 250 million amazing moments every year around the world, enabling people to enjoy and share their memories through both digital and print platforms. Picsolve International was founded in 1994 and is based in Derby, United Kingdom.

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Buyer(S) 1

Buyer

Eight Roads

Investor

website


Category Private Equity Firm
Founded 1969
SizeSmall
Type Sector Focused
DESCRIPTION

Eight Roads is a private investment firm focused on a variety of investment opportunities across the US, Europe, and Asia. The Firm is divided into several investment strategies including venture, principal investing, and real estate. Within the principal investments group, Eight Roads backs established growth businesses with long-term capital. Eight Roads does not have any sector preferences, but has experience in fintech, business services, and healthcare. Eight Roads is based in London.


DEAL STATS #
Overall 18 of 294
Sector (Business Services) 1 of 3
Type (Secondary Buyout) 1 of 2
Country (United Kingdom) 2 of 18
Year (2008) 6 of 7
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 ViewRay

Oakwood, Ohio, United States

ViewRay is a development stage medical device company focused on image-guided radiation therapy. ViewRay was founded in 2004 and is based in Oakwood, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-01 VMC Systems

Secunderabad, India

VMC Systems is a telecom equipment and power systems company with strong manufacturing skills, complementing proprietary as well as licensed technologies. VMC Systems is based in Secunderabad, India.

Buy -

Seller(S) 1

SELLER

MERIDIAN EQUITY

London, United Kingdom

website


Category Private Equity Firm
Founded 2003
SizeSmall
Type Sector Agnostic
DESCRIPTION

Meridian Equity is a private equity firm focused on acquiring and investing in small UK-based companies. Meridian is self-funded and does not have any sector preferences. The Firm's target investment size is £500K to £5 million per transaction. Meridian Equity was established in 2003 and is based in London.


DEAL STATS #
Overall 1 of 5
Sector (Business Services) 1 of 3
Type (Secondary Buyout) 1 of 1
Country (United Kingdom) 1 of 5
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Axis Elevators

London, United Kingdom

Axis Elevators offers a competent, prompt, and professional service to building owners, Building Managers, and Professionals in the fields of New Lifts, Preventative Maintenance, Reconstruction, Partial Modernisation, predominantly from offices in London and Andover (Hampshire). Axis Elevators was founded in 1989 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-14 Shaws of Darwen

Lancashire, United Kingdom

Shaws of Darwen provides maintenance/repair services to terracotta buildings, as well as manufacturing handcrafted fireclay sinks. Shaws of Darwen also specialized in the supply of bathroom furniture. Shaws of Darwen was founded in 1897 and is based in Lancashire, United Kingdom.

Buy -