M&A Deal Summary

Gresham Acquires 2e2 Group

On July 1, 2003, private equity firm Gresham acquired information technology company 2e2 Group for 27M GBP

Acquisition Highlights
  • This is Gresham’s 2nd transaction in the Information Technology sector.
  • This is Gresham’s 7th largest (disclosed) transaction.
  • This is Gresham’s 10th transaction in the United Kingdom.
Investment Fate
  • 2e2 Group was sold to a consortium of financial buyers in 2006 for 130M GBP.
  • 2e2 Group was sold to a publicly-traded strategic buyer in 2013.

M&A Deal Summary

Date 2003-07-01
Target 2e2 Group
Sector Information Technology
Buyer(s) Gresham
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 27M GBP

Target

2e2 Group

Newbury, United Kingdom
2e2 Group Ltd. is an IT services provider offering IT infrastructure, maintenance, networking, education and other managed services. 2e2 Group was formed in 2002 and is based in Newbury, United Kingdom.

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Buyer(S) 1

Buyer

Gresham

London, United Kingdom

Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Gresham LLP is a private equity firm focused on management buyouts across a broad range of industries in the UK. Gresham considers transactions up to GBP100 million with an emphasis on opportunities in business services, support services, consumer products and services, financial services, healthcare/pharmaceuticals, industrial products and energy/environmental. Gresham is based in London with additional offices in Birmingham and Manchester.


DEAL STATS #
Overall 10 of 32
Sector: Information Technology M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 9 of 26
Country: United Kingdom M&A 10 of 32
Year: 2003 M&A 2 of 2
Size (of disclosed) 7 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-10 Altair Filter Technology

Alton, United Kingdom

Altair Filter Technology Ltd. is a provider of inlet filtration solutions for the power generation, oil and gas and marine industries.

Buy £2M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-01 Individual Restaurant Co.

Manchester, United Kingdom

Individual Restaurant Co. Ltd. is owns and operates 34 restaurants in major UK cities, towns and suburbs.

Buy £18M