M&A Deal Summary

Literacy Capital Acquires TechPoint

On June 30, 2020, private equity firm Literacy Capital acquired electronics company TechPoint

Acquisition Highlights
  • This is Literacy Capital’s 1st transaction in the Electronics sector.
  • This is Literacy Capital’s 9th transaction in the United Kingdom.

M&A Deal Summary

Date 2020-06-30
Target TechPoint
Sector Electronics
Buyer(s) Literacy Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

TechPoint

Basingstok, United Kingdom
TechPoint is a provider of end-to-end electronics design, manufacturing and supply chain solutions for its customers, typically being specialist, high-end technology manufacturers in a range of sectors from oil and gas to healthcare. TechPoint was founded in 2002 and is based in Basingstoke, United Kingdom.

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Buyer(S) 1

DESCRIPTION

Literacy Capital is a closed-end investment company focused on investing in and supporting small, growing UK businesses. The Firm typically pursues buyouts of smaller, profitable (£1 to £5 million of EBITDA) but will also consider select growth/venture investments in disruptive businesses generating revenue but pre-profit. Literacy Capital was formed in 2017 and is headquartered in London.


DEAL STATS #
Overall 9 of 23
Sector: Electronics M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 11
Country: United Kingdom M&A 9 of 23
Year: 2020 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-28 FCSL

Shoreham, United Kingdom

FCSL is a provider of flight inspection services to airports. It uses its flight inspection technology, developed in-house, and fleet of six aircraft to provide testing and calibration on behalf of airports for ground-based navigational aid systems. FCSL was founded in 2005 and is based in Shoreham, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-12 Tyrefix

Ibstock, United Kingdom

Tyrefix is a provider of specialist tire repair and replacement services for construction plant. Tyrefix provide fast, efficient on-site services for backhoes, aerial platforms, telehandlers, dumpers, etc. Tyrefix is based in Ibstock, United Kingdom.

Buy -