M&A Deal Summary

Kanabo Acquires The GP Service

On February 23, 2022, Kanabo acquired internet software and services company The GP Service from Maven Capital Partners

Acquisition Highlights
  • This is Kanabo’s 1st transaction in the Internet Software and Services sector.
  • This is Kanabo’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2022-02-23
Target The GP Service
Sector Internet Software and Services
Buyer(s) Kanabo
Sellers(s) Maven Capital Partners
Deal Type Add-on Acquisition

Target

The GP Service

Coventry, United Kingdom
The GP Service is a provider of online services for general medical consultations and prescriptions. The GP Service was founded in 2015 and is based in Coventry, United Kingdom.

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Buyer(S) 1

Buyer

Kanabo

London, United Kingdom

Category Company
Founded 2016
Sector Life Science
Employees20
Revenue 1M GBP (2023)
DESCRIPTION

Kanabo is a digital health company, engages in the research, development, and commercialization of cannabis-derived formulations and therapeutic inhalation devices. It operates through Primary Care and Secondary Care segments. Kanabo was founded in 2016 and is based in London, England.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

Maven Capital Partners

Glasgow, United Kingdom

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2009
PE ASSETS 760M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Maven Capital Partners UK LLP (MCP) invests in lower mid-market companies throughout the UK. The Firm also provides mezzanine financing. MCP focuses on profitable companies with proven track records, balanced management teams, and diverse products and services. Maven looks to invest £2 - £20 million in businesses valued from £10 - £40 million. Sectors of interest include specialist manufacturing, health/pharmaceuticals, energy services, leisure, financial services, software and computer services, communication/IT, chemicals, food/beverage, media, consumer products, and support services. Types of transactions include MBOs, MBIs, BIMBOs, take privates, recapitalizations, and growth capital financings. Maven Capital Partners UK LLP was formed in 2009, following a management buyout of Aberdeen Asset Management's Private Equity division. Maven is based in Glasgow with additional offices in Aberdeen, Birmingham, Edinburgh, London and Manchester.


DEAL STATS #
Overall 54 of 86
Sector: Internet Software and Services M&A 4 of 9
Type: Add-on Acquisition M&A Deals 27 of 40
Country: United Kingdom M&A 52 of 84
Year: 2022 M&A 4 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-23 Kanabo

London, United Kingdom

Kanabo is a digital health company, engages in the research, development, and commercialization of cannabis-derived formulations and therapeutic inhalation devices. It operates through Primary Care and Secondary Care segments. Kanabo was founded in 2016 and is based in London, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-28 Pura

Cheshire, United Kingdom

Pura is a fast growing baby care brand which specialises in eco-friendly baby wipes and nappies. Pura was founded in 2020 and is based in Cheshire, United Kingdom.

Buy -