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M&A Deal Summary

Graphite Capital Acquires Babble

On November 10, 2020, private equity firm Graphite Capital acquired information technology company Babble from LDC for 90M GBP

Acquisition Highlights
  • This is Graphite Capital’s 3rd transaction in the Information Technology sector.
  • This is Graphite Capital’s 5th largest (disclosed) transaction.
  • This is Graphite Capital’s 73rd transaction in the United Kingdom.

M&A Deal Summary
Date 2020-11-10
Target Babble
Sector Information Technology
Buyer(s) Graphite Capital
Sellers(s) LDC
Deal Type Secondary Buyout
Deal Value 90M GBP

Target

Babble

London, United Kingdom
Babble is a specialist communications technology provider that supports around 2,000 medium-sized companies operating in a wide range of sectors including financial, health and education, travel and accommodation, and public services. Its integrated communications proposition enables clients to improve efficiency, enhance customer service, increase revenue, reduce costs, and remain secure in the digital world. Babble was founded in 2001 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Graphite Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 1.2B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Graphite Capital is a private equity firm that seeks mid-market investments in the UK. Target sectors include retail and consumer, manufacturing, services and distribution, financial services, healthcare, leisure, and property. The Firm looks for transactions valued from £30 to £150 million. Prospective transaction situations typically include management buyouts/buy-ins of corporate spin-offs or privately held companies. The Firm also considers roll-outs and consolidation strategies. Graphite Capital was originally formed in 1981 and became independent in 2001. Graphite is based in London.

DEAL STATS #
Overall 76 of 82
Sector (Information Technology) 3 of 4
Type (Secondary Buyout) 19 of 20
Country (United Kingdom) 73 of 79
Year (2020) 2 of 2
Size (of disclosed) 5 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-21 Ten10

London, United Kingdom

Ten10 is a provider of quality engineering services that helps its clients to manage the significant risks involved with technology change, including software development and implementation; systems integration; and functionality and performance issues. Ten10 was founded in 2004 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 City and County Healthcare Group

Nottingham, United Kingdom

City and County Healthcare Group Ltd. is a provider of home care services to people living across the United Kingdom. City and County Healthcare provides specialist care services for young people and adults with more complex or long term conditions such as learning disabilities, mental health needs, and brain injuries. City and County Healthcare Group was founded in 2009, Nottingham, United Kingdom.

Sell -

Seller(S) 1

SELLER

LDC

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 3.6B 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 154 of 202
Sector (Information Technology) 10 of 16
Type (Secondary Buyout) 53 of 74
Country (United Kingdom) 148 of 196
Year (2020) 9 of 16
Size (of disclosed) 21 of 62
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-09 Addo Food Group

Nottingham, United Kingdom

Addo Food Group is a food company specializing in chilled savory foods, including pork pies, quiche, savory pies, sausage rolls, pasties, slices, and Scotch eggs. The company produces including sausage rolls, scotch eggs, and pies for some of the UK’s best-known brands, such as Pork Farms, Wall’s, Bowyers and Millers Bakery. Addo Food Group was founded in 1786 and is based in Nottingham, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-23 Ross Trustees

London, United Kingdom

Ross Trustees specializes in providing professional trustee and pensions support services, as well as pensions manager and secretariat services through its Ross Corporate Services division. Ross Trustees was founded in 2010 and is based in London, United Kingdom.

Buy -
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