M&A Deal Summary

Daisy Acquires 2e2 Group

On February 15, 2013, Daisy acquired information technology company 2e2 Group from Duke Street Private Equity and Hutton Collins Partners

Acquisition Highlights
  • This is Daisy’s 2nd transaction in the Information Technology sector.
  • This is Daisy’s 4th transaction in the United Kingdom.

M&A Deal Summary
Date 2013-02-15
Target 2e2 Group
Sector Information Technology
Buyer(s) Daisy
Sellers(s) Duke Street Private Equity
Hutton Collins Partners
Deal Type Add-on Acquisition

Target

2e2 Group

Newbury, United Kingdom
2e2 Group Ltd. is an IT services provider offering IT infrastructure, maintenance, networking, education and other managed services. 2e2 Group was formed in 2002 and is based in Newbury, United Kingdom.

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Buyer(S) 1

Buyer

Daisy

Nelson, United Kingdom
Category Company
Founded 2001
Sector Communications
Employees4,000
DESCRIPTION

Daisy is an independent provider of B2B communications, IT and cloud services. Formed in 2001, Daisy has grown into one of the UK’s leading telecommunications providers, with 360,000 indirect and direct customers, c2,100 partners, c4,000 employees, and 30+ locations nationwide.

DEAL STATS #
Overall 4 of 7
Sector (Information Technology) 2 of 4
Type (Add-on Acquisition) 4 of 7
Country (United Kingdom) 4 of 7
Year (2013) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-01 The Net Crowd

Newbury, United Kingdom

NetCrowd is an IT data specialist that provides white label professional services, maintenance and installations to the UK channel. The business works with vendors including Cisco, Juniper Networks, HP and Microsoft to provide complex and specialist IT services, delivered through its highly qualified in-house engineering force.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-28 Indecs Computers

Redditch, United Kingdom

Indecs Computers Ltd. is a provider of technical maintenance and support services for business critical, IT server and cloud storage facilities. The business specialises in tailoring maintenance contracts to individual customers needs and supporting legacy hardware systems. Head-quartered in Redditch, the business supplies services to a diverse customer base, from leading blue chip household names and public authorities to SMEs across the UK.

Buy £18M

Seller(S) 2

SELLER

Duke Street Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 3.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Duke Street Private Equity is a European private equity firm that targets investments in mid-market UK and French businesses valued between €50 and €350 million. Duke Street looks to build companies through organic growth and acquisitions. Sectors of interest include business services and outsourcing, retail and consumer, food, industrial, healthcare, leisure, and financial services. Duke Street Private Equity was founded in 1988 and is based in London.

DEAL STATS #
Overall 28 of 43
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 9 of 17
Country (United Kingdom) 15 of 26
Year (2013) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 Navimo Group SAS

Lorient, France

Navimo Group SAS is a manufacturer and distributor of recreational marine equipment such as accessories for pleasure boats. Navimo Group is based in Lorient, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-02 Oasis Dental Care

Bristol, United Kingdom

Oasis Dental Care is a national dentistry group serving a strong mix of NHS, private and specialist patients. Oasis Dental Care has over 200 practices and 850 dentists. The company offers the full range of general and specialist dentistry, serving both the NHS and the private market. Oasis Dental Care was founded in 1996 and is based in Bristol, United Kingdom.

Sell £185M
SELLER

Hutton Collins Partners

London, United Kingdom

Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Hutton Collins is a UK-based investor in established, profitable, mid-sized Western European businesses. Hutton invests mezzanine, preferred, and minority equity capital to support buyouts, acquisition financings, expansions, restructurings, and shareholder liquidity needs. Hutton generally invests €35 to €100 million in businesses valued between €100 and €500 million. The Firm has particular interest in opportunities throughout Spain, France, and Italy. Hutton is a generalist investor and has deep expertise in business services, leisure, healthcare, and financial services. Hutton Collins is based in London.

DEAL STATS #
Overall 9 of 17
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 6 of 11
Country (United Kingdom) 7 of 11
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-14 The Vincent Hotel Group

Amsterdam, Netherlands

The Vincent Hotel Group is an operator of internationally branded, select-service hotels in the Netherlands. It operates 11 hotels under the Holiday Inn Express, Holiday Inn, and Hampton by Hilton brands. The Vincent Hotel Group is based in Amsterdam, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-03 IEE SA

Luxembourg, Luxembourg

IEE (International Electronics & Engineering) is a pioneering company in the development of sensors based electronic and safety systems.

Sell -
Mergr

Product

Company

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