M&A Deal Summary

Conn3ct Acquires Connect Managed Services

On July 3, 2019, Conn3ct acquired information technology company Connect Managed Services from LDC

Acquisition Highlights
  • This is Conn3ct’s 1st transaction in the Information Technology sector.
  • This is Conn3ct’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2019-07-03
Target Connect Managed Services
Sector Information Technology
Buyer(s) Conn3ct
Sellers(s) LDC
Deal Type Merger
Advisor(s) HMT (Financial)
Broadfield Law (Legal)

Target

Connect Managed Services

London, United Kingdom
Connect Managed Services Ltd. is a Systems Integrator and Managed Service Provider specializing in Contact Centre and Unified Communications (UC) technologies. Connect has set the pace with a uniquely innovative approach to the design, deployment, and maintenance of communications systems for multi-national businesses. Above all, company Managed Services have won acclaim from IT managers across the world faced with increasingly complex unified communications and contact center solutions.

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Buyer(S) 1

Buyer

Conn3ct

London, United Kingdom

Category Company
Sector Information Technology
DESCRIPTION

Conn3ct is a vendor-agnostic communications partner that helps multi-site organizations across the world to solve their communications challenges by delivering simple solutions to complex problems. Conn3ct offers a range of unified communications, contact centers, and global network service solutions. Conn3ct designs and delivers natural language automation to improve customer experience and operational efficiency by drawing on many years of knowledge and experience. Conn3ct is based in London, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

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 142 of 210
Sector: Information Technology M&A 8 of 16
Type: Merger M&A Deals 5 of 7
Country: United Kingdom M&A 137 of 204
Year: 2019 M&A 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-30 Texthelp

Antrim, United Kingdom

Texthelp is a global provider of literacy and numeracy assistive technologies to the education and corporate sectors. The company has an established and loyal customer base across the Americas, Europe, Middle East, and Australasia. It has supported 30 million students and employees with reading, writing, and numeracy as well as productivity challenges, including those with dyslexia or working in a second language. Texthelp is based in Antrim, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-22 Onecom

Fareham, United Kingdom

Onecom is a provider of communication services and unified solutions across fixed-line voice, connectivity, and cloud computing to companies that includes Farrow & Ball, Thwaites, Celtic Manor, and 118 UK Ltd. Onecom was founded in 2002 and is based in Fareham, United Kingdom.

Buy -