M&A Deal Summary

Cadence Equity Partners and Unigestion Acquire Orbis Intelligent Systems

On June 29, 2020, private equity firms Cadence Equity Partners and Unigestion acquired technology hardware company Orbis Intelligent Systems from Aquam

Acquisition Highlights
  • This is Cadence Equity Partners’ 1st and Unigestion’s 1st transaction in the Technology Hardware sector.
  • This is Cadence Equity Partners’ 1st and Unigestion’s 1st transaction in the United States.
  • This is Cadence Equity Partners’ 1st and Unigestion’s 1st transaction in California.

M&A Deal Summary
Date 2020-06-29
Target Orbis Intelligent Systems
Sector Technology Hardware
Buyer(s) Cadence Equity Partners
Unigestion
Sellers(s) Aquam
Deal Type Divestiture

Target

Orbis Intelligent Systems

San Diego, California, United States
Orbis Intelligent Systems provides innovative non-invasive solutions for utilities that monitor flow parameters and assess the condition of pipes. Orbis is based in San Diego, California.

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Buyer(S) 2

Buyer

Cadence Equity Partners

Investor Investor Investor

Category Private Equity Firm
Founded 2016
Size Small
Type Sector Focused
DESCRIPTION

Cadence Equity Partners is a specialist private equity firm focused on investments in lower middle-market technology businesses throughout the UK. The Firm seeks to partner with entrepreneurs and founders in companies with recurring revenue, high gross margins, and growth potential. Cadence Equity Partners was founded in 2016 and is based in London, England.

DEAL STATS #
Overall 2 of 3
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 2 of 2
State (California) 1 of 1
Country (United States) 1 of 1
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-29 Aquam Water Services

Peterborough, United Kingdom

Aquam Water Services provides technologies and services enabling UK utilities to acquire and analyze critical network data for proactively managing their networks and meeting increasingly stringent regulatory requirements. Aquam Water Services is based in Peterborough, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-23 SCCI

Harlow, United Kingdom

SCCI is an independent provider of design, installation, and maintenance solutions for next-generation networks and related connected devices and systems. Service lines include the provision of In-building networks, fire & life safety services as well as specialist fiber services. Customers range from Social and Private Housing operators, with a particular focus on multi-dwelling units, corporate clients (including leisure & hospitality and healthcare), as well as telcos/alternative network operators. SCCI was founded in 2007 and is based in Harlow, United Kingdom.

Buy -
Buyer

Unigestion

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1971
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Unigestion is an asset manager with a private equity division focused on global mid-market companies across Europe, North America, and Asia. Unigestion considers direct investments in established companies, secondary position acquisitions, and investments in emerging fund managers. The Firm invests in a variety of industries including industrials, agriculture, distribution, logistics, utilities, software, education, nutrition, leisure, and healthcare. Unigestion was founded in 1971 and is based in Geneva, Switzerland.

DEAL STATS #
Overall 5 of 12
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 3 of 4
State (California) 1 of 2
Country (United States) 1 of 4
Year (2020) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-29 Aquam Water Services

Peterborough, United Kingdom

Aquam Water Services provides technologies and services enabling UK utilities to acquire and analyze critical network data for proactively managing their networks and meeting increasingly stringent regulatory requirements. Aquam Water Services is based in Peterborough, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-30 Infobip

London, United Kingdom

Infobip is a global cloud communications platform that enables businesses to build connected customer experiences across all stages of the customer journey at scale, with easy and contextualized interactions over customers’ preferred channels. Accessed through a single platform, Infobip’s omnichannel engagement, identity, user authentication security and contact center solutions help clients and partners overcome the complexity of consumer communications, grow their business and increase loyalty– all in a fast, secure and reliable way. Infobip was founded in 2006 and is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

Aquam

Escondido, California, United States
Category Company
Sector Utilities
DESCRIPTION

Aquam is a global clean-tech firm that provides infrastructure support, rehabilitation, and diagnostics solutions for water and gas infrastructure. Aquam based in San Diego, California.

DEAL STATS #
Overall 2 of 2
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 2 of 2
State (California) 1 of 1
Country (United States) 1 of 1
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-29 Aquam Water Services

Peterborough, United Kingdom

Aquam Water Services provides technologies and services enabling UK utilities to acquire and analyze critical network data for proactively managing their networks and meeting increasingly stringent regulatory requirements. Aquam Water Services is based in Peterborough, United Kingdom.

Sell -
Mergr

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