M&A Deal Summary

AURELIUS Equity Opportunities Acquires TM Group

On July 11, 2023, asset manager AURELIUS Equity Opportunities acquired software company TM Group from Dye & Durham for 91M GBP

Acquisition Highlights
  • This is AURELIUS Equity Opportunities’ 1st transaction in the Software sector.
  • This is AURELIUS Equity Opportunities’ 3rd largest (disclosed) transaction.
  • This is AURELIUS Equity Opportunities’ 22nd transaction in the United Kingdom.

M&A Deal Summary
Date 2023-07-11
Target TM Group
Sector Software
Buyer(s) AURELIUS Equity Opportunities
Sellers(s) Dye & Durham
Deal Type Divestiture
Deal Value 91M GBP

Target

TM Group

Swindon, United Kingdom
TM Group is a provider of property search aggregation services, suppling law firms with property searches, a key element of due diligence for all property purchases. Searches supplied include title, local authority, water & drainage, and environmental. Many searches are mandatory in any conveyancing process and all searches are charged by solicitors as a disbursement cost within the property buying process in the UK. TM Group is based in Swindon, United Kingdom.

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Buyer(S) 1

Buyer

AURELIUS Equity Opportunities

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 2006
Size Middle-Market
Type Sector Agnostic
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 STATS #
Overall 63 of 63
Sector (Software) 1 of 1
Type (Divestiture) 34 of 34
Country (United Kingdom) 22 of 22
Year (2023) 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-27 Distrelec

Nanikon, Switzerland

Distrelec is a B2B distributor of electronic and technical components. Beyond its main markets of Switzerland and Sweden, the company also has a strong market presence in 15 European countries. Its product portfolio has a significant focus on MRO components and targets B2B customers. Distrelec was founded in 1973 and is based in Nanikon, Switzerland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-17 LD Didactic

Hurth, Germany

LD Didactic is a provider of technical teaching systems for schools and vocational training. The group offers complete solutions for general education in science and vocational training in technology, engineering and science. LD Didactic is based in Hurth, Germany.

Sell -

Seller(S) 1

SELLER

Dye & Durham

Toronto, Ontario, Canada
Category Company
Founded 1874
Sector Internet Software and Services
DESCRIPTION

Dye & Durham Corp. is a provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals, and financial institutions. It provides critical information, services, and workflows, which clients use to manage their process, information, and regulatory requirements. Dye & Durham was formed in 1874 and is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 DoProcess Software

Toronto, Ontario, Canada

DoProcess Software that enables lawyers and notaries to process residential real estate transactions efficiently while providing competitive pricing to their clients. DoProcess Software was formed in 1989 and is based in Toronto, Ontario.

Buy CA$530M
Mergr

Product

Company

Legal