M&A Deal Summary

Investcorp Acquires Ubisense - SmartSpace Business Unit

On January 9, 2019, asset manager Investcorp acquired software company Ubisense - SmartSpace Business Unit from IQGeo Group for 35M GBP

Acquisition Highlights
  • This is Investcorp’s 14th transaction in the Software sector.
  • This is Investcorp’s 29th largest (disclosed) transaction.
  • This is Investcorp’s 20th transaction in the United Kingdom.

M&A Deal Summary

Date 2019-01-09
Target Ubisense - SmartSpace Business Unit
Sector Software
Buyer(s) Investcorp
Sellers(s) IQGeo Group
Deal Type Divestiture
Deal Value 35M GBP

Target

Ubisense - SmartSpace Business Unit

Cambridge, United Kingdom
Ubisense's SmartSpace Business Unit is an enterprise software and sensor platform that generates and interprets vast amounts of location data to create digital visibility of real-world objects and their interactions in real time, enabling complex manufacturing processes with high levels of variability to be more flexible, easier to manage and easier to control.

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Buyer(S) 1

Buyer

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.


DEAL STATS #
Overall 136 of 176
Sector (Software) 14 of 16
Type (Divestiture) 13 of 16
Country (United Kingdom) 20 of 23
Year (2019) 1 of 10
Size (of disclosed) 29 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-10 Leejam Sport Company

Riyadh, Saudi Arabia

Leejam Sport Company is a fitness center operator. Leejam Sport Company was established in 2007 and is based in Riyadh, Saudi Arabia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-28 Health Plus Management

Uniondale, New York, United States

Health Plus Management is a provider of physician-owned practices with an effective administrative solution for outsourcing non-medical, front and back office operations. Services include site selection and buildout, front and back office management, marketing, human resources support, technology and reporting. Health Plus Management was founded in 1994 and is based in Uniondale, New York.

Buy -

Seller(S) 1

SELLER

IQGeo Group

Cambridge, United Kingdom

Category Company
Founded 2002
Sector Information Technology
Employees217
Revenue 44M GBP (2023)
DESCRIPTION

IQGeo Group is an enterprise location intelligence solution provider. It work with manufacturing, communications and utilities companies, enabling them to improve operational effectiveness, increase efficiency and boost profitability. IQGeo Group was founded in 2002 and is based in Cambridge, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-05 Realworld OO Systems

Cambridge, United Kingdom

Realworld OO Systems Ltd ("Realworld"), is a geospatial location solutions consultancy.

Buy £2M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 OSPInsight International

South Jordan, Utah, United States

OSPInsight has created a platform to plan, design, build, and operate a better fiber-optic network. Built by OSP engineers, OSPInsight, at its core, is built for streamlined fiber documentation. OSPInsight's database driven solution can increase your team's efficiency and save money for managing splicing in spreadsheets, struggling to piece together reports, or if it takes hours to track down a fault. OSPInsight is based in South Jordan, Utah.

Buy $9M