M&A Deal Summary

Bain Capital Private Equity Acquires Zellis

On October 9, 2017, private equity firm Bain Capital Private Equity acquired software company Zellis from NGA Human Resources

Acquisition Highlights
  • This is Bain Capital Private Equity’s 9th transaction in the Software sector.
  • This is Bain Capital Private Equity’s 8th transaction in the United Kingdom.
Investment Fate
  • Zellis was sold to a consortium of financial buyers in 2024.

M&A Deal Summary

Date 2017-10-09
Target Zellis
Sector Software
Buyer(s) Bain Capital Private Equity
Sellers(s) NGA Human Resources
Deal Type Divestiture

Target

Zellis

Bristol, United Kingdom
Zellis provides payroll, HR, and managed services to UK and Ireland-based companies with over 500 employees. Zellis is based in Bristol, United Kingdom.

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Buyer(S) 1

Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.


DEAL STATS #
Overall 162 of 251
Sector: Software M&A 9 of 18
Type: Divestiture M&A Deals 29 of 38
Country: United Kingdom M&A 8 of 11
Year: 2017 M&A 14 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-09 TI Automotive

Oxford, United Kingdom

TI Automotive is a producer of fluid storage, carrying, and delivery technology. TI Automotive has five major global product groups, each with a unique focus. These include Fluid Carrying Systems, Powertrain Product Line, Thermal Product Line, Pump and Module Products, and Tank Systems. TI Automotive was founded in 1922 and is based in Oxford, England.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-13 InflaRx

Jena, Germany

InflaRx is a clinical-stage biopharmaceutical company focused on applying its proprietary anti-C5a technology to discover and develop first-in-class, potent and specific inhibitors of C5a. C5a is a powerful inflammatory mediator involved in the progression of a wide variety of autoimmune and other inflammatory diseases. The company is also developing additional molecules targeting chronic and inflammation-related diseases. InflaRx was founded in 2007 and is based in Jena, Germany.

Buy -

Seller(S) 1

SELLER

NGA Human Resources

London, United Kingdom

Category Company
Founded 1969
Sector Business Services
Employees10,000
DESCRIPTION

NGA Human Resources is a provider of digital HR and multi-country payroll services. NGA Human Resources was founded in 1969 and is based in London, United Kingdom.


DEAL STATS #
Overall 3 of 3
Sector: Software M&A 2 of 2
Type: Divestiture M&A Deals 3 of 3
Country: United Kingdom M&A 3 of 3
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-22 Northgate Public Services

Hemel Hempstead, United Kingdom

Northgate Public Services Ltd. is a provider of mission-critical software and Intellectual Property-led services to the public sector in the UK, Australia and Canada. The Group is headquartered in the UK and has more than 2,000 staff worldwide.

Sell -