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M&A Deal Summary

LDC Acquires RVU

On August 10, 2013, private equity firm LDC acquired internet software and services company RVU from Forward Internet Group

Acquisition Highlights
  • This is LDC’s 4th transaction in the Internet Software and Services sector.
  • This is LDC’s 134th transaction in the United Kingdom.
Investment Fate
  • RVU was sold to a publicly-traded strategic buyer in 2015 for 160M GBP.
  • RVU was divested to a consortium of strategic buyers in 2018.

M&A Deal Summary
Date 2013-08-10
Target RVU
Sector Internet Software and Services
Buyer(s) LDC
Sellers(s) Forward Internet Group
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

LDC

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 3.9B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

LDC is the private equity and investment arm of Lloyds Banking Group. LDC 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. LDC was formed in 1981 and is based in London.

DEAL STATS #
Overall 140 of 311
Sector: Internet Software and Services M&A 4 of 16
Type: Divestiture M&A Deals 10 of 24
Country: United Kingdom M&A 134 of 299
Year: 2013 M&A 12 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-07 Avelo FS Holdings

Warwick, United Kingdom

Avelo is a provider of integrated technology solutions, software and consultancy to the financial services industry in the UK. The company provides software solutions to a long-standing blue chip customer base spanning 32,000 users, financial advisers and brokers, including 93 of the top 100 IFA firms in the UK. Avelo also provides large-scale software solutions for mortgage origination and distribution to some of the UK’s largest banks and building societies.

Sell £210M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-06 Matrix Energy Management

Bury, United Kingdom

Matrix Energy Solutions Limited provides energy management services. It offers Energy Management Centre for advanced data integration, first line support, site optimization, and remote software backup.

Sell -

Seller(S) 1

SELLER

Forward Internet Group

London, United States
Category Company
Founded 2004
Sector Internet Software and Services
DESCRIPTION

Forward Internet Group Ltd. creates, acquires, invests, and operates integrated Web businesses across various industries and territories.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-03 Factory Media

London, United Kingdom

Factory Media is largest and most innovative Action Sports media owner. The Company publishes traditional print and new media brands reaching over 500,000 readers and 4 Million online users every month.

Buy -
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