M&A Deal Summary

Graphite Capital and Kartesia Acquire Digital Space

On October 7, 2022, private equity firm Graphite Capital and lender Kartesia acquired information technology company Digital Space from Horizon Capital UK

Acquisition Highlights
  • This is Graphite Capital’s 4th and Kartesia’s 3rd transaction in the Information Technology sector.
  • This is Graphite Capital’s 77th and Kartesia’s 10th transaction in the United Kingdom.

M&A Deal Summary

Date 2022-10-07
Target Digital Space
Sector Information Technology
Buyer(s) Graphite Capital
Kartesia
Sellers(s) Horizon Capital UK
Deal Type Secondary Buyout

Target

Digital Space

Newark, United Kingdom
Digital Space is a privately-owned, information and communications technology provider, supplying multi-site organizations with the network connectivity, cloud, unified communication, managed IT and mobile solutions they need to operate effectively in today’s highly competitive market place. Digital Space was founded in 2004 and is based in Newark, United Kingdom.

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Buyer(S) 2

Buyer

Graphite Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 1.2B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Graphite Capital is a private equity firm that seeks mid-market investments in the UK. Target sectors include retail and consumer, manufacturing, services and distribution, financial services, healthcare, leisure, and property. The Firm looks for transactions valued from £30 to £150 million. Prospective transaction situations typically include management buyouts/buy-ins of corporate spin-offs or privately held companies. The Firm also considers roll-outs and consolidation strategies. Graphite Capital was originally formed in 1981 and became independent in 2001. Graphite is based in London.


DEAL STATS #
Overall 80 of 82
Sector: Information Technology M&A 4 of 4
Type: Secondary Buyout M&A Deals 20 of 20
Country: United Kingdom M&A 77 of 79
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-09 YSC Consulting

Edinburgh, United Kingdom

YSC Consulting is a global provider of leadership strategy consultancy services. YSC Consulting operates from 17 offices in Europe, North America, South Africa and Asia-Pacific. YSC Consulting was founded in 1990 and is based in Edinburgh, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 IPL

Nottingham, United Kingdom

IPL is a distributor of a focused range of infection prevention products, primarily to patients with renal conditions, for use outside the hospital setting. IPL’s products are protected by patents and listed on the NHS Drug Tariff, which allows for them to be offered on prescription. IPL holds a Dispensing Appliance Contractor (DAC) Licence which allows it to receive those prescriptions and distribute its products directly to patients. IPL was founded in 2006 and is based in Nottingham, United Kingdom.

Buy -
Buyer

Kartesia

Investor Investor Investor Investor Investor


Category Lender
Founded 2013
PE ASSETS 7.5B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Kartesia is a private investment group and lender that looks to invest in lower middle-market companies throughout the European Union and Central Europe. The Firm is industry agnostic and seeks to commit €10 to €100 million in profitable companies with at least €5 million of EBITDA. Proceeds are typically invested alongside sponsors to support buyouts, recapitalizations, shareholder liquidity needs, or restructurings. Kartesia was established in 2013 and is headquartered in London.


DEAL STATS #
Overall 32 of 39
Sector: Information Technology M&A 3 of 4
Type: Secondary Buyout M&A Deals 14 of 16
Country: United Kingdom M&A 10 of 12
Year: 2022 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-26 FormMed HealthCare

Frankfurt am Main, Germany

FormMed HealthCare is a developer and supplier of micronutrition for therapeutic use. FormMed HealthCare was founded in 1996 and is based in Frankfurt am Main, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-17 SI.TEQ Group

Germany

SI.TEQ Group of companies is a national network of independent specialists for the restoration of water, fire and mold damage. SI.TEQ Group is based in Germany.

Buy -

Seller(S) 1

SELLER

Horizon Capital UK

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 800M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Horizon Capital UK is a private equity firm that targets investments in middle-market companies valued up to £100 million. The Firm has a preference for UK-headquartered businesses and will consider opportunities in the technology services, software, data/analytics, and business services sectors. Prospective transaction situations include buyouts with potential for consolidation. Horizon Capital UK was formed in 1999 and is based in London, United Kingdom.


DEAL STATS #
Overall 25 of 30
Sector: Information Technology M&A 6 of 9
Type: Secondary Buyout M&A Deals 10 of 11
Country: United Kingdom M&A 23 of 27
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-02 Boston Multi Family Office

Isle of Man, United Kingdom

Boston Multi Family Office provides professional trust and fiduciary services, delivering tailored family office, wealth structuring, and administration solutions. The company supports long-term asset protection, governance, and succession planning across global jurisdictions. Boston Multi Family Office was founded in 2002 and is based in Isle of Man, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-09 AgriBriefing

London, United States

AgriBriefing is a provider of pricing benchmarks, data, and analysis to the agriculture industry. AgriBriefing was founded in 2010 and is based in London, United Kingdom.

Sell -