M&A Deal Summary

Palatine Private Equity Acquires Electranet UK

On January 1, 2008, private equity firm Palatine Private Equity acquired information technology company Electranet UK

Acquisition Highlights
  • This is Palatine Private Equity’s 1st transaction in the Information Technology sector.
  • This is Palatine Private Equity’s 3rd transaction in the United Kingdom.
Investment Fate
  • Electranet UK was sold to a publicly-traded strategic buyer in 2015 for 37M GBP.

M&A Deal Summary

Date 2008-01-01
Target Electranet UK
Sector Information Technology
Buyer(s) Palatine Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Electranet UK

Ringwood, United Kingdom
Electranet (UK) Limited is a specialist networking services supplier . The company specialises in providing outsourced installation and maintenance services. Its primary focus is on IT hardware, network and cabling for public sector organisations in the UK, Northern Europe and North America, including the Ministry of Defence, HM Prison Service and the NHS.

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Buyer(S) 1

Buyer

Palatine Private Equity

Manchester, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 570M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Palatine Private Equity is a UK based private equity firm focused on investing in businesses valued up to £50 million. The Firm generally looks to fund profitable, cash-generative companies with strong management teams and established market positions, however, Palatine will also consider turnaround situations. Target sectors include retail/leisure, business outsourcing, financial services, healthcare, and niche manufacturing. Prospective transaction types include management buyouts/buy-ins, consolidations, growth capital financings, and restructurings. Palatine was originally formed as Zeus Private Equity in 2005. The Firm has offices in Bristol, Manchester, and London.


DEAL STATS #
Overall 3 of 53
Sector: Information Technology M&A 1 of 6
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 21
Country: United Kingdom M&A 3 of 53
Year: 2008 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 XLN Telecom

London, United Kingdom

XLN Telecom is a communications company based in London. It supplies fixed line and broadband services to 70,000 customers in the SME sector and is one of Britain’s fastest growing alternative telecoms service providers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-01 M.J. Quinn Integrated Services

Liverpool, United Kingdom

MJ Quinn is a Liverpool-based infrastructure services business providing electrical, mechanical and fire protection services to the London Underground and rail sector. In addition, the company serves clients such as health trusts, the MoD and universities, offering electrical, security, fire and mechanical maintenance and air conditioning service lines.

Buy -