M&A Deal Summary

Keensight Capital Acquires Inherent

On June 15, 2021, private equity firm Keensight Capital acquired information technology company Inherent from Equistone

Acquisition Highlights
  • This is Keensight Capital’s 7th transaction in the Information Technology sector.
  • This is Keensight Capital’s 22nd transaction in France.

M&A Deal Summary

Date 2021-06-15
Target Inherent
Sector Information Technology
Buyer(s) Keensight Capital
Sellers(s) Equistone
Deal Type Secondary Buyout

Target

Inherent

Maxéville, France
Inherent is a specialist in IT and telecom services, supports the digitalisation of a diverse customer base, made up of private-sector players (from SMEs to large companies) and public-sector organisations (hospitals and local authorities), with a full range of services. Inherent was founded in 1981 and is based in Maxéville, France.

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Buyer(S) 1

Buyer

Keensight Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 5.5B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Keensight Capital is a private equity investment firm focused on majority and minority growth capital investments in Western European companies. Keensight makes equity investments in a number of situations including the provision of capital to finance growth, either organically or through acquisitions, or the buying out of existing shareholders. The Firm looks to invest €10 to €600 million and will consider business with up to €400 million in revenue. Keensight Capital was formed in 2000 and is based in Paris.


DEAL STATS #
Overall 32 of 53
Sector: Information Technology M&A 7 of 10
Type: Secondary Buyout M&A Deals 6 of 13
Country: France M&A 22 of 26
Year: 2021 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-25 Symeres

Nijmegen, Netherlands

Symeres is a mid-sized European Contract Research Organization for drug discovery and development needs. The company offers best-in-class solutions for drug discovery and drug development for small molecules and beyond. Their services span from preclinical hit finding all the way to the delivery of early clinical phase drug substance API. Symeres blends a deep scientific knowledge base with creativity and problem-solving skills to deliver the quality results that clients need. Symeres is based in Nijmegen, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 ASTI Mobile Robotics

Burgos, Spain

ASTI Mobile Robotics is an autonomous mobile robot (AMR) manufacturer with a broad portfolio across all major applications enabled by the company’s software suite. Its operations include project analysis, development, manufacturing, installation, and maintenance of automated material handling solutions. ASTI Mobile Robotics was founded in 1982 and is based in Burgos, Spain.

Sell -

Seller(S) 1

SELLER

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, United Kingdom.


DEAL STATS #
Overall 176 of 206
Sector: Information Technology M&A 4 of 5
Type: Secondary Buyout M&A Deals 85 of 96
Country: France M&A 53 of 62
Year: 2021 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Wealth at Work

Liverpool, United Kingdom

Wealth at Work provides services that allow employees to maximize the value of their benefits by providing financial education tailored to the needs of individual employers and of different employee groups within these companies. Wealth at Work was formed in 2004 and is based in Liverpool, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 GSCM Groupe

Les Achards, France

GSCM Groupe is a specialist in temporary and permanent modular construction, covering the entire value chain from design and manufacture through to delivery and installation as well as spare parts and aftersales support. GSCM Groupe is based in Les Achards, France.

Buy -