M&A Deal Summary |
|
|---|---|
| Date | 2013-08-07 |
| Target | Avelo FS Holdings |
| Sector | Software |
| Buyer(s) | IRESS |
| Sellers(s) | Lloyds TSB Development Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 210M GBP |
| Advisor(s) | Arma Partners LLP (Financial) |
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IRESS is an Australian software company specialising in the development of software systems and services for financial markets and wealth management. IRESS was founded in 1993 and is based in Melbourne, Australia.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 17 |
| Sector (Software) | 8 of 12 |
| Type (Add-on Acquisition) | 10 of 15 |
| Country (United Kingdom) | 2 of 4 |
| Year (2013) | 2 of 2 |
| Size (of disclosed) | 2 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-05 |
Avelo FS
Warwick, United Kingdom Avelo provides a market integrated suite of technology solutions, software and consultancy to the financial services industry throughout the UK. |
Buy | £210M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-12-31 |
VisiPlan Pty
Melbourne, Australia VisiPlan Pty Ltd offers financial advisory software solution in Australia. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1981 |
| PE ASSETS | 2.0B USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Lloyds TSB Development Capital Ltd (LDC) is the private equity arm of Lloyds Banking Group Plc and invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. Lloyds TSB Development Capital Ltd was formed in 1981 and is based in London.
| DEAL STATS | # |
|---|---|
| Overall | 55 of 198 |
| Sector (Software) | 5 of 16 |
| Type (Add-on Acquisition) | 26 of 94 |
| Country (United Kingdom) | 53 of 192 |
| Year (2013) | 8 of 17 |
| Size (of disclosed) | 6 of 61 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-05 |
Avelo FS
Warwick, United Kingdom Avelo provides a market integrated suite of technology solutions, software and consultancy to the financial services industry throughout the UK. |
Sell | £210M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-08-10 |
RVU
London, United Kingdom RVU empowers people to make confident decisions with its unique set of brands, the excitement of a startup, and the strength of well-established, trusted household names. Uswitch.com is a comparison website for home services switching, helping consumers save money on their gas, electricity, broadband, TV, and phone. Confused.com is an insurance comparison platform that pioneering the way consumers make choices about financial services. Money.co.uk is a comparison website for financial services. Consumers can compare loans, credit cards, bank accounts, and insurance from more than 600 providers. Rastreator and LeLynx.fr are online comparison platforms in Spain and France respectively, helping consumers compare a range of financial services and home services products. Mojo Mortgages brings together smart tech and the best human mortgage experts to empower more consumers to access personalized mortgage recommendations. The company has the power to reach millions of consumers around the world, solving everyday complex problems through outstanding experiences. RVU was formed in 2000 and is based in London. |
Buy | - |
