Divestiture • Software

LDC Acquires The Property Software Group

On December 18, 2013, private equity firm LDC acquired software company The Property Software Group from Guardian Media Group for 18M GBP

Acquisition Context
  • This is LDC’s 9th transaction in the Software sector.
  • This is LDC’s 54th largest (disclosed) transaction.
  • This is LDC’s 139th transaction in the United Kingdom.
Investment Fate
  • The Property Software Group was sold to a publicly-traded strategic buyer in 2016 for 75M GBP.

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M&A Deal Summary

Date December 18, 2013
Target The Property Software Group
Sector Software
Buyer(s) LDC
Sellers(s) Guardian Media Group
Deal Type Divestiture
Deal Value 18M GBP

Target Company

The Property Software Group

Bedfordshire, United Kingdom
The Property Software Group is a provider of software and media solutions to the property industry. Its portfolio includes market leading software, web design services and a consumer facing property portal.
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Buyer Overview 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 Context for Buyer #
Overall 146 of 311
Sector: Software 9 of 20
Type: Divestiture 11 of 24
Country: United Kingdom 139 of 299
Year: 2013 18 of 18
Size (of disclosed) 54 of 69
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-18 Nexinto

Hamburg, Germany

Nexinto is a provider of e-commerce hosting sourcing solutions for clients across Germany. Nexinto was founded in 1994 and is based in Hamburg, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-28 Bluestone Group

Cambridge, United Kingdom

Bluestone Group is a financial services and technology business which include lending, investment and portfolio servicing . Bluestone Group was founded in 2000 and is based in Cambridge, United Kingdom.

Buy -

Seller Profile 1

SELLER

Guardian Media Group

London, United Kingdom

Category Company
Sector Media
DESCRIPTION

Guardian Media Group is aUK’s media organisations. Its core business is Guardian News & Media, publisher of theguardian.com and the Guardian and Observer newspapers. IT also manage investments whose purpose is to provide financial support for the development of our journalism.


Deal Context for Seller #
Overall 5 of 5
Sector: Software 1 of 1
Type: Divestiture 4 of 4
Country: United Kingdom 5 of 5
Year: 2013 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-25 GMG Radio

London, United Kingdom

Sell £70M

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