M&A Deal Summary

abrdn Acquires Focus Solutions

On December 7, 2010, abrdn acquired internet software and services company Focus Solutions from Azini Capital Partners for 42M GBP

Acquisition Highlights
  • This is abrdn’s 1st transaction in the Internet Software and Services sector.
  • This is abrdn’s 2nd largest (disclosed) transaction.
  • This is abrdn’s 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2010-12-07
Target Focus Solutions
Sector Internet Software and Services
Buyer(s) abrdn
Sellers(s) Azini Capital Partners
Deal Type Add-on Acquisition
Deal Value 42M GBP

Target

Focus Solutions

Warwickshire, United Kingdom
Focus Solutions is a provider of front-line software founded in 1995. It is a financial services software house with an enviable track record of providing effective advice & business automation, CRM, T&C and financial planning solutions.

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Buyer(S) 1

Buyer

abrdn

Edinburgh, United Kingdom

Category Company
Founded 1825
Sector Financial Services
Employees4,409
Revenue 1.5B USD (2024)
DESCRIPTION

abrdn is a provider of long-term savings and investments. abrdn was founded in 1825 and is based in Edinburgh, Scotland.


DEAL STATS #
Overall 3 of 6
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 4
Country: United Kingdom M&A 3 of 6
Year: 2010 M&A 3 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-11 Standard Life Healthcare

Bournemouth, United Kingdom

Standard Life Healthcare is the fourth largest provider of PMI in the United Kingdom with a market share of approximately 8 per cent, offering a full range of products to individuals, SMEs and large corporate clients.

Sell £138M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-26 Ignis Asset Management

Edinburgh, United Kingdom

Ignis Asset Management Ltd. provides investment management services to Phoenix's Life Companies as well as to third party clients, including retail, wholesale and institutional investors in the UK and overseas.

Buy £390M

Seller(S) 1

DESCRIPTION

Azini Capital Partners LLP is a private investment group focused acquiring secondary interests in growth-oriented companies. The Firm looks to acquire minority positions (> 15%) in companies with at least $10 million in revenue. The Firm prefers acquiring interests in tech-oriented or tech-enabled companies. Azini Capital was established in 2004 and is based in London.


DEAL STATS #
Overall 4 of 21
Sector: Internet Software and Services M&A 1 of 5
Type: Add-on Acquisition M&A Deals 3 of 18
Country: United Kingdom M&A 2 of 11
Year: 2010 M&A 4 of 4
Size (of disclosed) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-07 Sonim Technologies

San Mateo, California, United States

Sonim Technologies is a provider of the rugged, water-submersible mobile phones designed specifically for workers in demanding and hazardous environments. They specialize in workforce-critical communication tools for vertical industries including construction, security guarding, oil, gas and chemical operations, utilities, transportation and logistics, forestry, agriculture and defense. Sonim Technologies was founded in 2007 and is based in San Mateo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-24 OneSpin

Munich, Germany

OneSpin is a provider of formal verification software that helps ensure integrated circuit (IC) integrity and enables functionally correct, safe, trustworthy, and secure IC designs. OneSpin delivers innovative formal verification solutions that ease and speed the functional verification of complex ASIC and FPGA designs. OneSpin was founded in 2005 and is based in Munich, Germany.

Buy -