M&A Deal Summary

Bridgepoint and LDC Acquire Kerv

On January 25, 2024, private equity firms Bridgepoint and LDC acquired information technology company Kerv from LDC and Kartesia

Acquisition Highlights
  • This is Bridgepoint’s 7th and LDC’s 27th transaction in the Information Technology sector.
  • This is Bridgepoint’s 77th and LDC’s 287th transaction in the United Kingdom.

M&A Deal Summary

Date 2024-01-25
Target Kerv
Sector Information Technology
Buyer(s) Bridgepoint
LDC
Sellers(s) LDC
Kartesia
Deal Type Secondary Buyout
Advisor(s) Houlihan Lokey (Financial)
Pinsent Masons (Legal)

Target

Kerv

London, United Kingdom
Kerv is a cloud and digital services provider. Kerv provides a suite of integrated cloud and digital transformation services to mid-market, enterprise and public sector organisations. The business partners with global technology leaders and tailors its solutions for customers in key industry verticals, including financial services, public sector, retail and the not-for-profit sector. Kerv was formed in 2020 and is based in London, United Kingdom.

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Buyer(S) 2

Buyer

Bridgepoint

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bridgepoint is a large European private equity firm that invests in middle-market companies across a broad range of industries with an enterprise value of €200 - €1000 million. Prospective transaction situations include buyouts, buy-ins, growth financings, consolidations, and take privates. The firms invest in the range of €75 - €400 million transaction. Bridgepoint Development Capital specializes in investments in businesses valued up to a €150 million, taking equity stakes of between €10 million and €75 million. General sectors of interest include consumer products and services, retail, financial services, healthcare, media, technology, industrials, and business services. Bridgepoint was formed in 1984 and has offices in London, Frankfurt, Luxembourg, Madrid, Milan, Paris, Stockholm and Warsaw.


DEAL STATS #
Overall 175 of 188
Sector: Information Technology M&A 7 of 11
Type: Secondary Buyout M&A Deals 70 of 72
Country: United Kingdom M&A 77 of 81
Year: 2024 M&A 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-23 Humanetics

Plymouth, Michigan, United States

Humanetics is a provider of safety systems, crash test dummies (ATDs), simulation software (RAMSIS), CAE models, human body models, complete line of passive & active safety SW & testing solutions, precision sensors, fiber optics and laser material processing solutions. Humanetics is based in Plymouth, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-26 SMYK

Warsaw, Poland

SMYK is a kids brand, offering toys, clothes and accessories for children available in over 250 shops in Poland, Romania, Ukraine and the Middle East and additionally SMYK's own brand products are available in 14 European countries and Asia. SMYK was founded in 2000 and is based in Warsaw, Poland.

Sell -
Buyer

LDC

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 3.9B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

LDC is the private equity and investment arm of Lloyds Banking Group. LDC invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. LDC was formed in 1981 and is based in London.


DEAL STATS #
Overall 298 of 311
Sector: Information Technology M&A 27 of 30
Type: Secondary Buyout M&A Deals 58 of 60
Country: United Kingdom M&A 287 of 299
Year: 2024 M&A 2 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-10 TXM Plant

Wigan, United Kingdom

TXM Plant is a distributor of road rail vehicles and associated attachments to network rail and its major contractors involved in maintenance, track renewal and infrastructure projects. TXM Plant was founded in 2011 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-12 Uinsure

Manchester, United Kingdom

Uinsure is a cloud-based technology platform that connects financial intermediaries and lenders with a panel of the UK’s leading insurers, enabling its customers to arrange cover through a frictionless platform that has removed the complexities from insurance. Uinsure was formed in 2007 and is based in Manchester, United Kingdom.

Buy -

Seller(S) 2

SELLER

LDC

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 3.9B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

LDC is the private equity and investment arm of Lloyds Banking Group. LDC invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. LDC was formed in 1981 and is based in London.


DEAL STATS #
Overall 196 of 210
Sector: Information Technology M&A 15 of 16
Type: Secondary Buyout M&A Deals 71 of 77
Country: United Kingdom M&A 190 of 204
Year: 2024 M&A 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-10 TXM Plant

Wigan, United Kingdom

TXM Plant is a distributor of road rail vehicles and associated attachments to network rail and its major contractors involved in maintenance, track renewal and infrastructure projects. TXM Plant was founded in 2011 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-12 Uinsure

Manchester, United Kingdom

Uinsure is a cloud-based technology platform that connects financial intermediaries and lenders with a panel of the UK’s leading insurers, enabling its customers to arrange cover through a frictionless platform that has removed the complexities from insurance. Uinsure was formed in 2007 and is based in Manchester, United Kingdom.

Buy -
SELLER

Kartesia

Investor Investor Investor Investor Investor


Category Lender
Founded 2013
PE ASSETS 7.5B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Kartesia is a private investment group and lender that looks to invest in lower middle-market companies throughout the European Union and Central Europe. The Firm is industry agnostic and seeks to commit €10 to €100 million in profitable companies with at least €5 million of EBITDA. Proceeds are typically invested alongside sponsors to support buyouts, recapitalizations, shareholder liquidity needs, or restructurings. Kartesia was established in 2013 and is headquartered in London.


DEAL STATS #
Overall 8 of 10
Sector: Information Technology M&A 1 of 2
Type: Secondary Buyout M&A Deals 5 of 5
Country: United Kingdom M&A 1 of 3
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 Ermitage

Maisons-Laffitte, France

Ermitage is a bilingual school located 20km west of Paris. Its students represent over 70 nationalities. Ermitage was founded in 1941 and is based in Maisons-Laffitte, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-14 Omnetic

Prague, Czech Republic

Omnetic is a provider of Dealer Management Systems (DMS), a software solution designed for the specific needs of automotive dealers. This system helps dealers manage various aspects of their business, such as vehicle sales, service, parts inventory, customer care, financing and leasing. Omnetic was founded in 1991 and is based in Prague, Czech Republic.

Buy -