Divestiture • Information Technology

AURELIUS Equity Opportunities Acquires brightONE

On July 1, 2013, asset manager AURELIUS Equity Opportunities acquired information technology company brightONE from TietoEVRY

Acquisition Context
  • This is AURELIUS Equity Opportunities’ 3rd transaction in the Information Technology sector.
  • This is AURELIUS Equity Opportunities’ 9th transaction in Germany.
Investment Fate
  • brightONE was sold to a strategic buyer in 2014.

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M&A Deal Summary

Date July 1, 2013
Target brightONE
Sector Information Technology
Buyer(s) AURELIUS Equity Opportunities
Sellers(s) TietoEVRY
Deal Type Divestiture

Target Company

brightONE

Eschborn, Germany
brightONE GmbHprovides modern technology and product development services, as well as trailblazing services in the area of cross-sector information and communications technology.
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Buyer Overview 1

DESCRIPTION

The AURELIUS Group is an independent investment firm focused on buyouts and spin-offs of Western European middle-market to large companies. The Firm looks to invest €5 to €80 million per transaction in companies valued up to €250 million. AURELIUS is a generalist investor but has a preference for opportunities in the chemicals, information technology, consumer products, business services, and industrials sectors. The AURELIUS Group was formed in 2006 and is based in Grünwald, Germany.


Deal Context for Buyer #
Overall 12 of 64
Sector: Information Technology 3 of 3
Type: Divestiture 7 of 35
Country: Germany 9 of 22
Year: 2013 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-01 fidelis HR

Neckarsulm, Germany

fidelis HR offers a comprehensive range of services in the area Business Process Outsourcing (BPO) as well as own software solutions for human resource departments. The business is a leading provider within the attractive German speaking payroll market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Scholl Shoes

Milano, Italy

Scholl Shoes is a manufacturer of shoes offering a high degree of comfort that sells its shoes in Europe, Asia and the Middle East. In Europe, the shoes are distributed online, by distributors and chain stores, and in pharmacies and medical supply stores. In Asia and the Middle East, they are sold online, in department stores and shoe stores. Scholl Shoes is based in Milano, Italy.

Buy -

Seller Profile 1

SELLER

TietoEVRY

Espoo, Finland

Category Company
Founded 1968
Sector Information Technology
Employees15,305
Revenue 2.8B EUR (2024)
DESCRIPTION

TietoEVRY is an information technology services company providing product development and consultation services. TietoEVRY was founded in 1968 and is based in Espoo, Finland.


Deal Context for Seller #
Overall 1 of 3
Sector: Information Technology 1 of 1
Type: Divestiture 1 of 3
Country: Germany 1 of 1
Year: 2013 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-29 Intensium Oy

Kuopio, Finland

Intensium Oy is a provider of benchmarking services for healthcare service providers in Finland. The benchmarking service, provided as a SaaS service, monitors the customer's care process performance generally by assessing where there are gaps between their own performance and the other members of the benchmarking consortium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-03 Canvisa Consulting AB

Stockholm, Sweden

Canvisa Consulting AB is a major Swedish consultancy companies in business and IT development within the financial services sector. Canvisa will be able to offer industry consulting, project management, systems development, industry-specific applications and IT operations management services.

Buy -