Add-on Acquisition • Information Technology

Avanade Acquires Altius Consulting

On March 9, 2020, Avanade acquired information technology company Altius Consulting from MML Capital Partners

Acquisition Context
  • This is Avanade’s 3rd transaction in the Information Technology sector.
  • This is Avanade’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date March 9, 2020
Target Altius Consulting
Sector Information Technology
Buyer(s) Avanade
Sellers(s) MML Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking
Ernst & Young Capital Advisors (Financial)
Pinsent Masons (Legal)

Target Company

Altius Consulting

London, United Kingdom
Altius Consulting Ltd. is a UK based company specializing in data performance management and artificial intelligence (AI) solutions. With additional offices in The Netherlands and India, and a team of 300+ cloud and data specialists, Altius brings industry expertise in solutions for the retail, travel and transport, infrastructure and public sectors.
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Buyer Overview 1

Buyer

Avanade

Seattle, Washington, United States

Category Company
Founded 2000
Sector Technology Hardware
DESCRIPTION

Avanade provides business technology solutions and managed services. Of course, we do much more than simply deliver technology or provide outsourcing. At Avanade, we offer customers the unique expertise we’ve gained from our one-of-a-kind experience with our partners and customers. Take a peek inside and you’ll see exactly what we mean.


Deal Context for Buyer #
Overall 6 of 7
Sector: Information Technology 3 of 3
Type: Add-on Acquisition 6 of 7
Country: United Kingdom 1 of 1
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-14 Loud&Clear

Melbourne, Australia

Loud&Clear is an enterprise technology agency. Loud&Clear design-led, data obsessed, pixel perfect and future thinking. Loud&Clear was founded in 2009 and is based in Melbourne, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-20 Asysco

Coevorden, Netherlands

Asysco is a technology provider for the Unisys mainframe environment. Asysco helps its customers to protect and enhance their investments in mission-critical enterprise applications. Asysco was formed in 1979 and is based in Coevorden, Netherlands.

Buy -

Seller Profile 1

SELLER

MML Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 3.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

MML Capital Partners is an investment firm that targets subordinated debt and traditional private equity investments across the US and Europe. MML Capital looks for transactions requiring €5 million and €200 million of capital to support expansion financing, management buyouts, recapitalizations, leveraged buyouts, and take privates. MML Capital invested more than €3.1 billion across 11 countries. MML Capital Partners was formed in 1988 and is based in London, United Kingdom.


Deal Context for Seller #
Overall 29 of 39
Sector: Information Technology 1 of 4
Type: Add-on Acquisition 8 of 12
Country: United Kingdom 13 of 18
Year: 2020 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-01 Spencer Ogden

London, United Kingdom

Spencer Ogden is an innovative global recruitment business specializing in providing skilled energy, infrastructure and engineering professionals on demand. Spencer Ogden was formed in 2010 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-13 Learning Curve Group

County Durham, United Kingdom

Learning Curve Group is a provider of training services and further education providers, as well as working directly with learners and employers offering high-quality education and training. Learning Curve Group was established in 2004 and is based in County Durham, United Kingdom.

Sell -