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M&A Deal Summary

BGF Acquires Waracle

On December 12, 2019, growth capital firm BGF acquired information technology company Waracle from Exception

Acquisition Highlights
  • This is BGF’s 14th transaction in the Information Technology sector.
  • This is BGF’s 207th transaction in the United Kingdom.

M&A Deal Summary
Date 2019-12-12
Target Waracle
Sector Information Technology
Buyer(s) BGF
Sellers(s) Exception
Deal Type Divestiture

Target

Waracle

London, United Kingdom
Waracle designs develop and manage mobile apps and other digital products, working with some of the UK’s largest businesses across sectors including fintech, digital health, and energy. The company continues to develop industry-leading digital solutions across the full mobile app development spectrum, including mobile, IoT, and Extended Reality (‘AR’ and ‘VR’). Waracle was founded in 2007 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

BGF

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2011
PE ASSETS 2.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Business Growth Fund (BGF) is a private investment firm focused on early and growth-stage investing across the UK. The Firm also invests in publicly traded companies. BGF's growth team looks to invest £1 to £15 million in small to mid-sized companies looking for additional capital to pursue growth. BGF was established in 2011 and is headquartered in London.

DEAL STATS #
Overall 214 of 370
Sector: Information Technology M&A 14 of 37
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 207 of 345
Year: 2019 M&A 25 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-25 bf1systems

Norfolk, United Kingdom

bf1systems is a provider of electronic and electrical solutions for the motorsport and automotive industries. bf1systems designs manufacture and distribute high precision components, including steering wheels, tire pressure, and temperature monitoring systems, force measurement components, and wiring harness assemblies. bf1systems was founded in 1994 and is based in Norfolk, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-17 TEAM Accessories

Dublin, Ireland

TEAM Accessories is an MRO providing overhaul, testing and repair services for the aerospace and industrial sectors. TEAM provides services to the industry with clients including Alba Power and Electrabel. TEAM Accessories was established in 1995 and is based in Dublin, Ireland.

Buy -

Seller(S) 1

SELLER

Exception

Edinburgh, United Kingdom
Category Company
Founded 2002
Sector Information Technology
Employees250
DESCRIPTION

Exception Ltd. is an IT consultancy and services firm focusing on cloud computing, infrastructure technology and integration and software testing.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-06 Waracle

London, United Kingdom

Waracle designs develop and manage mobile apps and other digital products, working with some of the UK’s largest businesses across sectors including fintech, digital health, and energy. The company continues to develop industry-leading digital solutions across the full mobile app development spectrum, including mobile, IoT, and Extended Reality (‘AR’ and ‘VR’). Waracle was founded in 2007 and is based in London, United Kingdom.

Buy -
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