M&A Deal Summary

Astorg Partners and Five Arrows Acquire Opus 2

On March 30, 2021, private equity firms Astorg Partners and Five Arrows acquired internet software and services company Opus 2 from Five Arrows

Acquisition Highlights
  • This is Astorg Partners’ 2nd and Five Arrows’ 6th transaction in the Internet Software and Services sector.
  • This is Astorg Partners’ 7th and Five Arrows’ 8th transaction in the United Kingdom.

M&A Deal Summary

Date 2021-03-30
Target Opus 2
Sector Internet Software and Services
Buyer(s) Astorg Partners
Five Arrows
Sellers(s) Five Arrows
Deal Type Secondary Buyout
Advisor(s) Harris Williams (Financial)

Target

Opus 2

London, United Kingdom
Opus 2 is a provider of integrated software and services used in legal disputes around the world. Opus 2’s cloud-based collaboration software is designed for case preparation and multi-party hearings enabling all stakeholders to work on a single platform. Opus 2 was founded in 2008 and is headquartered in London, United Kingdom.

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Buyer(S) 2

Buyer

Astorg Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 22.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Astorg Partners is a private equity firm that targets small to midcap company investments primarily in France and to a limited extent, Western Europe. Astorg Partners looks for companies valued between €400 million and €2 billion, requiring at least €15 million in equity. Areas of interest include healthcare, retail, distribution, hospitality, and professional services. Prospective transaction situations include leverage build-ups, divestitures, family transitions, and secondary buyouts. Astorg Partners was formed in 1998 and is based in Paris and has additional offices in London and Luxembourg.


DEAL STATS #
Overall 51 of 69
Sector: Internet Software and Services M&A 2 of 3
Type: Secondary Buyout M&A Deals 26 of 38
Country: United Kingdom M&A 7 of 11
Year: 2021 M&A 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-30 Corialis

Lokeren, Belgium

Corialis is a manufacturer of aluminum profiles and systems, supplying door, window, and conservatory manufacturers in both the new construction and refurbishment markets. Corialis was founded in 1984 and is based in Lokeren, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-20 Corsearch

London, United Kingdom

Corsearch is a player in the brand risk and performance market, serving over 5,000 clients across multiple industries. Corsearch Brand Risk and Performance solutions are revolutionizing how companies commercialize and protect their growth. Corsearch delivers data, analytics, and services that support brands to market their assets and reduce commercial risks. From IP clearance to brand protection and anti-piracy, Corsearch provides a comprehensive program that Press Release 2/2 enables businesses to secure brand value and thrive commercially. Corsearch was founded in 1949 and is based in London, United Kingdom.

Buy -
Buyer

Five Arrows

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
PE ASSETS 24.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Five Arrows Principal Investments is a mid-cap investor in Western European companies. Five Arrows can invest across the capital structure (equity, equity-linked, mezzanine, convertible debt) and generally focused on primary or secondary buyouts, growth financings, and balance sheet restructurings. The Group does not have any sector preferences, but typically looks for businesses with high barriers to entry and predictable earnings. Five Arrows can commit €30 to €400 million per investment. Five Arrows is a unit of Rothschild Bank. The Group has offices in Paris, Luxembourg, and London.


DEAL STATS #
Overall 39 of 58
Sector: Internet Software and Services M&A 6 of 9
Type: Secondary Buyout M&A Deals 22 of 36
Country: United Kingdom M&A 8 of 14
Year: 2021 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 Photonis

Brive, France

Photonis is a designer and manufacturer of optronic components for photosensor technology and night vision systems. Photonis operates in the defense, homeland security, scientific instrumentation, and medical imaging markets. Photonis was founded in 1937 and is based in Brive, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 White Clarke Group

Buckinghamshire, United Kingdom

White Clarke Group is providing specialized technology and software solutions to the automotive and asset finance markets. The company’s CALMS (Customer Acquisition & Lifecycle Management System) product range supports the complete lifecycle of auto and asset finance, leasing, and loan origination from point-of-sale through credit approval, contract management and customer support. White Clarke Group was founded in 1992 and is based in Buckinghamshire, United Kingdom.

Sell -

Seller(S) 1

SELLER

Five Arrows

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
PE ASSETS 24.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Five Arrows Principal Investments is a mid-cap investor in Western European companies. Five Arrows can invest across the capital structure (equity, equity-linked, mezzanine, convertible debt) and generally focused on primary or secondary buyouts, growth financings, and balance sheet restructurings. The Group does not have any sector preferences, but typically looks for businesses with high barriers to entry and predictable earnings. Five Arrows can commit €30 to €400 million per investment. Five Arrows is a unit of Rothschild Bank. The Group has offices in Paris, Luxembourg, and London.


DEAL STATS #
Overall 17 of 27
Sector: Internet Software and Services M&A 1 of 3
Type: Secondary Buyout M&A Deals 13 of 17
Country: United Kingdom M&A 3 of 5
Year: 2021 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 Photonis

Brive, France

Photonis is a designer and manufacturer of optronic components for photosensor technology and night vision systems. Photonis operates in the defense, homeland security, scientific instrumentation, and medical imaging markets. Photonis was founded in 1937 and is based in Brive, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 White Clarke Group

Buckinghamshire, United Kingdom

White Clarke Group is providing specialized technology and software solutions to the automotive and asset finance markets. The company’s CALMS (Customer Acquisition & Lifecycle Management System) product range supports the complete lifecycle of auto and asset finance, leasing, and loan origination from point-of-sale through credit approval, contract management and customer support. White Clarke Group was founded in 1992 and is based in Buckinghamshire, United Kingdom.

Sell -