M&A Deal Summary

Dialogue Acquires Tictrac

On April 13, 2022, Dialogue acquired software company Tictrac from Puma Private Equity for 56M USD

Acquisition Highlights
  • This is Dialogue’s 1st transaction in the Software sector.
  • This is Dialogue’s largest (disclosed) transaction.
  • This is Dialogue’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2022-04-13
Target Tictrac
Sector Software
Buyer(s) Dialogue
Sellers(s) Puma Private Equity
Deal Type Add-on Acquisition
Deal Value 56M USD
Advisor(s) Cavendish Corporate Finance LLP (Financial)
Armstrong Teasdale (Legal)

Target

Tictrac

London, United Kingdom
Tictrac is a health engagement company that provides digital platforms designed for corporates and insurance companies to increase health and wellbeing engagement amongst their employees and customers. The platform applies consumer web and digital media best practices with behavioral science and sophisticated data analytics to engage users daily in their wellbeing. Tictrac was formed in 2010 and is based in London.

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Buyer(S) 1

Buyer

Dialogue

Montreal, Quebec, Canada
Category Company
Founded 2016
Sector Information Technology
Employees270
Revenue 87M CAD (2022)
DESCRIPTION

Dialogue is a virtual healthcare and wellness platform, provides affordable, on-demand access to quality care. Dialogue was founded in 2016 and is based in Montreal, Quebec.

DEAL STATS #
Overall 2 of 2
Sector (Software) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-22 ARGUMED Consulting Group

Munchen, Germany

ARGUMED Consulting Group GmbH is a provider of occupational health and safety services (OHS) with offices in Berlin, Freiburg im Breisgau, and Munich.

Buy -

Seller(S) 1

SELLER

Puma Private Equity

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Puma Private Equity is the private equity arm of asset manager Puma Investments. Puma Private Equity provides growth capital to small and medium-sized businesses across the UK. The Group looks to invest £2 to £10 million to help companies in a variety of sectors pursue growth. Puma Private Equity is based in London.

DEAL STATS #
Overall 2 of 3
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (United Kingdom) 2 of 3
Year (2022) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-22 Pure Cremation

Andover, United Kingdom

Pure Cremation provides direct cremations, allowing mourners to concentrate on a celebration of life without the need to gather at a crematorium. It works directly with the bereaved and through funeral directors and pre-paid funeral plan companies by operating throughout the UK - England, Wales, Scotland, Northern Ireland, and Eire. Pure Cremation was founded in 2015 and is based in Andover, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-18 Rosebourne

Reading, United Kingdom

Rosebourne is a contemporary garden center business that stocks plants, gifts, and homewares while serving fresh, locally sourced produce at its restaurants and food halls. Rosebourne was formed in 2016 and is based in Reading, England.

Sell -
Mergr

Product

Company

Legal