M&A Deal Summary

Horizon Capital UK and Indigo Capital Acquire Fox IT

On December 1, 1999, private equity firm Horizon Capital UK and mezzanine finance firm Indigo Capital acquired information technology company Fox IT

Acquisition Highlights
  • This is Horizon Capital UK’s 1st and Indigo Capital’s 1st transaction in the Information Technology sector.
  • This is Horizon Capital UK’s 1st and Indigo Capital’s 1st transaction in the United Kingdom.
Investment Fate
  • Fox IT was sold to a strategic buyer in 2010 for 11M GBP.

M&A Deal Summary

Date 1999-12-01
Target Fox IT
Sector Information Technology
Buyer(s) Horizon Capital UK
Indigo Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Fox IT

Woking, United Kingdom
Fox IT was a globally respected IT service management and governance company, providing consultancy and education in IT mainly to large corporates. Its products focused on helping companies match their IT operations to their business strategy and ensure good IT governance and performance.

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Buyer(S) 2

Buyer

Horizon Capital UK

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 800M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Horizon Capital UK is a private equity firm that targets investments in middle-market companies valued up to £100 million. The Firm has a preference for UK-headquartered businesses and will consider opportunities in the technology services, software, data/analytics, and business services sectors. Prospective transaction situations include buyouts with potential for consolidation. Horizon Capital UK was formed in 1999 and is based in London, United Kingdom.


DEAL STATS #
Overall 1 of 45
Sector: Information Technology M&A 1 of 12
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 22
Country: United Kingdom M&A 1 of 41
Year: 1999 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Coperion

Stuttgart, Germany

Coperion GmbH develops, manufactures and markets machines as well as complete bulk-materials conveyor systems and production plants for the plastics, chemical, food and aluminium industries. A range of support services relating to the modernisation and maintenance of machines and plants is an important part of the product portfolio. Core competencies are Compounding and Extrusion (the mixing and shaping of various materials under changing pressures and temperatures) as well as Materials Handling (technologies for efficiently and safely conveying bulk materials in powder and granular form).

Buy -
Buyer

Indigo Capital

London, United Kingdom

Category Mezzanine Finance Firm
Founded 1990
PE ASSETS 1.6B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Indigo Capital is a provider of mezzanine capital to help fund buyouts, corporate acquisitions, expansions, and recapitalizations. Indigo typically invests alongside other private equity firms, however the Firm invests independently as well. Indigo is active throughout Europe and looks to commit €10 to €100 million per transaction. Indigo is sector agnostic and generally backs businesses with 'established market positions, strong, ambitious and incentivized management and attractive growth prospects.' Indigo Capital raised its first fund in 1990. The Firm has offices in London and Paris.


DEAL STATS #
Overall 4 of 46
Sector: Information Technology M&A 1 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 27
Country: United Kingdom M&A 1 of 13
Year: 1999 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-12-01 Groupe Marathon

Pointe-Claire, Quebec,

Groupe Marathon Produces and distributing television programmes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-01 Flabeg

Nuremburg, Germany

Flabeg Deutschland GmbH is a supplier of high-performance automotive glass products. Flabeg develops optimum solutions for the widest range of glass and mirror applications worldwide and is the world’s leading manufacturer of mirrors for the automotive industry.

Buy -