M&A Deal Summary

Literacy Capital Acquires Velociti

On February 1, 2020, private equity firm Literacy Capital acquired software company Velociti

Acquisition Highlights
  • This is Literacy Capital’s 1st transaction in the Software sector.
  • This is Literacy Capital’s 7th transaction in the United Kingdom.
Investment Fate
  • Velociti was sold to a consortium of financial buyers in 2025.

M&A Deal Summary

Date 2020-02-01
Target Velociti
Sector Software
Buyer(s) Literacy Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Velociti

Bromsgrove, United Kingdom
Velociti Solutions provides software solutions and consultancy services to the transport industry, specializing in bus and rail sectors. Velociti was founded in 1987 and is based in Bromsgrove, 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 7 of 23
Sector: Software M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 11
Country: United Kingdom M&A 7 of 23
Year: 2020 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-27 Mountain Healthcare

Stevenage, United Kingdom

Mountain Healthcare is a provider of healthcare serves, specialising in the provision of sexual assault referral services and police custodial healthcare. Mountain Healthcare is based in Stevenage, United Kingdom.

Buy -
FOLLOWING 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 -