Going Private • Software

August Equity Acquires Planit Holdings

On December 1, 2006, private equity firm August Equity acquired software company Planit Holdings for 41M GBP

Acquisition Context
  • This is August Equity’s 1st transaction in the Software sector.
  • This is August Equity’s largest (disclosed) transaction.
  • This is August Equity’s 10th transaction in the United Kingdom.
Investment Fate
  • Planit Holdings was sold to a strategic buyer in 2011.

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M&A Deal Summary

Date December 1, 2006
Target Planit Holdings
Sector Software
Buyer(s) August Equity
Deal Type Going Private
Deal Value 41M GBP

Target Company

Planit Holdings

Ashford, United Kingdom
Planit Holdings Ltd. is a developer and supporter of software and services for Computer Aided Manufacturing ('CAM') for the woodworking, cabinet-making, engineering and stone industries. Planit also specialises in Computer Aided Design ('CAD') solutions for retail design for kitchen and bathroom retailers and business management.
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Buyer Overview 1

Buyer

August Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 350M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

August Equity is a private equity firm that provides capital for management buyouts, buy-ins, growth financings, and recapitalizations of small and medium-sized UK-based companies. August Equity targets growth companies with strong cash-flow operating within four sectors. These include healthcare, media/technology, industrial products and services, and consumer products and services. August Equity looks to commit £10 to £50 million per transaction. August Equity was formed in 2001 and is based in London.


Deal Context for Buyer #
Overall 10 of 48
Sector: Software 1 of 4
Type: Going Private 1 of 1
Country: United Kingdom 10 of 45
Year: 2006 3 of 4
Size (of disclosed) 1 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-31 Rixonway Kitchens

Dewsbury, West Yorkshire, United Kingdom

Rixonway operates in the social housing market and provides the complete kitchen solution for community regeneration. Rixonway was established in 1979 and is located in Dewsbury, near Leeds. Rixonway is the only UK company completely dedicated to providing kitchens for community regeneration and has over 25 years experience in social housing and the public sector.

Buy £20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-18 Boat International Media

London, United Kingdom

Boat International Media Limited ('Boat') is the world's media group serving the superyacht industry. Boat publishes the world's best superyacht magazines and luxury books, organises high quality events, and provides digital media services and data to owners and professionals in the superyacht industry.

Buy £29M