M&A Deal Summary

HgCapital Acquires Commify

On August 11, 2016, private equity firm HgCapital acquired software company Commify

Acquisition Highlights
  • This is HgCapital’s 21st transaction in the Software sector.
  • This is HgCapital’s 48th transaction in the United Kingdom.
Investment Fate
  • Commify was sold to a consortium of financial buyers in 2023 for 300M EUR.

M&A Deal Summary

Date 2016-08-11
Target Commify
Sector Software
Buyer(s) HgCapital
Deal Type Buyout (LBO, MBO, MBI)

Target

Commify

Nottingham, United Kingdom
Commify is a provider of reliable software solutions for the sending and receipt of SMS messaging services and emailing to support new marketing and advertising opportunities. Commify was founded in 2001 and is based in Nottingham, United Kingdom.

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Buyer(S) 1

Buyer

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 70.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.


DEAL STATS #
Overall 90 of 153
Sector: Software M&A 21 of 48
Type: Buyout (LBO, MBO, MBI) M&A Deals 26 of 36
Country: United Kingdom M&A 48 of 59
Year: 2016 M&A 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-09 Relay Software

Antrim, Ireland

Relay Software Ltd. is a provider of software to insurance brokers, underwriters and insurers in the Republic of Ireland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-19 P&I

Wiesbaden, Germany

P&I is an internationally operating, full suite provider of cloud-based HR software solutions and a driver of innovation in HR technology. P&I’s scalable subscription-based platform exhibits characteristics that resonate with Hg Saturn’s core focus, with a broad, diversified and loyal customer base, and has delivered an exceptional historical operating performance. P&I was founded in 1968 and is based in Wiesbaden, Germany.

Sell -