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M&A Deal Summary

BCN Group Acquires CMI

On April 3, 2023, BCN Group acquired information technology company CMI from Panoramic Growth Equity

Acquisition Highlights
  • This is BCN Group’s 2nd transaction in the Information Technology sector.
  • This is BCN Group’s 5th transaction in the United Kingdom.

M&A Deal Summary
Date 2023-04-03
Target CMI
Sector Information Technology
Buyer(s) BCN Group
Sellers(s) Panoramic Growth Equity
Deal Type Add-on Acquisition
Advisor(s) KPMG Corporate Finance (Financial)
Edwards and Co (Legal)

Target

CMI

Belfast, United Kingdom
CMI is a Managed IT Service provider with services including Infrastructure Design, Implementation, Hosting, and IT Support Services. The company creates, manages, implements, and supports IT systems which in turn keeps organizations like them effective & secure. CMI was founded in 2009 and is based in Belfast, United Kingdom.

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Buyer(S) 1

Buyer

BCN Group

Manchester, United Kingdom
Category Company
Founded 2009
Sector Internet Software and Services
DESCRIPTION

BCN Group is a provider of on-premise, hybrid, and cloud hosting solutions, cloud migration services, application support, voice solutions, data management, hardware sales, and maintenance services to hundreds of customers across the country. BCN Group was formed in 2009 and is based in Manchester, United Kingdom.

DEAL STATS #
Overall 5 of 5
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 5
Country: United Kingdom M&A 5 of 5
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 Cloud2

Bradford , United Kingdom

Cloud2 is a developer of visualisations solving complex data and compliance issues for Public Sector and Healthcare organisations by the microsoft power platform. Cloud2 is based in Bradford, United Kingdom.

Buy -

Seller(S) 1

SELLER

Panoramic Growth Equity

London, United Kingdom

Investor Investor Investor

Category Growth Capital Firm
Founded 2009
PE ASSETS 100M GBP
Size Small
Type Sector Agnostic
DESCRIPTION

Panoramic Growth Equity is a provider of growth financing to small and medium-sized businesses in the UK. The Firm targets high-growth, early stage companies with at least £0.5 million in EBITDA. Panoramic has offices in London and Glasgow.

DEAL STATS #
Overall 11 of 12
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 8 of 9
Country: United Kingdom M&A 11 of 12
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-06 Photonic Solutions

Edinburgh, United Kingdom

Photonic Solutions is a provider of optoelectronic components to UK academic institutions and industry. Photonic Solutions was founded in 1990 and is based in Edinburgh, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-15 Artisan

Newcastle upon Tyne, United Kingdom

Artisan is an independent tailormade tour operator encompassing multiple travel brands, including The Aurora Zone – the UK’s only holiday brand solely dedicated to Northern Lights trips. Artisan was founded in 2002 and is based in Newcastle upon Tyne, United Kingdom.

Buy -
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