Add-on Acquisition • Information Technology

Egton Medical Information Systems Acquires Ascribe

On September 17, 2013, Egton Medical Information Systems acquired information technology company Ascribe from ECI Partners for 58M GBP

Acquisition Context
  • This is Egton Medical Information Systems’ 1st transaction in the Information Technology sector.
  • This is Egton Medical Information Systems’ 0th largest (disclosed) transaction.
  • This is Egton Medical Information Systems’ 1st transaction in the United Kingdom.

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M&A Deal Summary

Date September 17, 2013
Target Ascribe
Sector Information Technology
Buyer(s) Egton Medical Information Systems
Sellers(s) ECI Partners
Deal Type Add-on Acquisition
Deal Value 58M GBP
Advisor(s) Altium Capital Ltd. (Financial)

Target Company

Ascribe

Westhoughton,Bolton, United Kingdom
Ascribe Ltd. is a provider of healthcare IT solutions.
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Buyer Overview 1

Buyer

Egton Medical Information Systems

Leeds, United Kingdom

Category Company
Sector Software
DESCRIPTION

EMIS Group supplies clinical software and related services to general practitioners (GPs) and other healthcare practitioners in the UK. The company’s core activities include software development, software licensing and support, hardware support and maintenance services, hardware sales, third-party software sales, and training services. EMIS Group has more than 39 million patient records entrusted to its systems.


Deal Context for Buyer #
Overall 1 of 1
Sector: Information Technology 1 of 1
Type: Add-on Acquisition 1 of 1
Country: United Kingdom 1 of 1
Year: 2013 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-26 EMIS

Edmonton, Alberta, Canada

EMIS, Inc. is a provider of EMR solutions in the UK. EMIS supports its corporate principles of improving the health of individual patients, and the population as a whole through advanced knowledge garnered by empowering physicians to collaborate.

Sell -

Seller Profile 1

SELLER

ECI Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 2.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

ECI Partners is a private equity firm focused on the smaller middle-market company that invests in growing businesses valued up to £300m. ECI looks for UK businesses or businesses with a substantial presence in the UK. Funds are generally used to support expansion, acquisitions, management buyouts, buy-ins, turnarounds, and refinancing. Target sectors include IT services, support services, Insurance, and SME services. ECI will not invest in early-stage companies. ECI Partners was formed in 1976 and has offices in London, Manchester, and New York.


Deal Context for Seller #
Overall 43 of 76
Sector: Information Technology 10 of 13
Type: Add-on Acquisition 25 of 39
Country: United Kingdom 42 of 70
Year: 2013 4 of 4
Size (of disclosed) 13 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-31 Bargain Booze

Crewe, United Kingdom

Conviviality Retail Plc is a franchised off-licence and convenience chain with over 600 franchisee-owned stores in the north of England. Conviviality Retail was formed in 1984 and is based in Crewe, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-12 Harvard Engineering

West Yorkshire, United Kingdom

Harvard Engineering is a provider of wireless control and monitoring systems for street lighting and a CoolLED range of switchable drivers for LED lighting.

Buy -