M&A Deal Summary

Livingbridge and Bank of Scotland Integrated Finance Acquire Adarma

On June 11, 2019, private equity firm Livingbridge and Bank of Scotland Integrated Finance acquired information technology company Adarma from ECS Group

Acquisition Highlights
  • This is Livingbridge’s 10th and Bank of Scotland Integrated Finance’s 1st transaction in the Information Technology sector.
  • This is Livingbridge’s 112th and Bank of Scotland Integrated Finance’s 4th transaction in the United Kingdom.

M&A Deal Summary

Date 2019-06-11
Target Adarma
Sector Information Technology
Buyer(s) Livingbridge
Bank of Scotland Integrated Finance
Sellers(s) ECS Group
Deal Type Divestiture
Advisor(s) Oakley Advisory (Financial)
Shepherd and Wedderburn
Brodies (Legal)

Target

Adarma

Edinburgh, United Kingdom
Adarma provides a broad range of IT security consulting, solution and services with deep expertise in threat management including Security Operations Centre (SOC) design, build and operation. Adarma helps large enterprises to establish operational security capabilities including in-house, co-managed and fully managed SOC environments. Adarma was founded in 2009 and is based in Edinburgh, United Kingdom.

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Buyer(S) 2

Buyer

Livingbridge

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 3.8B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Livingbridge is a UK-based investment group focused on investing in and growing mid-sized companies. The Firm targets businesses seeking £15 to £300 million of capital. Prospective companies should have 'ambitious mangement', scalable business models, and potential for market leadership. Sectors of interest include technology, media, communications, consumer products/services, healthcare, and education. Livingbridge was formed in 1995 and is based in London.


DEAL STATS #
Overall 123 of 150
Sector: Information Technology M&A 10 of 14
Type: Divestiture M&A Deals 5 of 5
Country: United Kingdom M&A 112 of 132
Year: 2019 M&A 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-29 Create Health

London, United Kingdom

Create Health was founded by Professor. Dr Geeta Nargund and Professor Stuart Campbell in 2000. Fertility services are provided from its two London clinics in Harley Street and West Wimbledon.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Simply Conveyancing

Northamptonshire, United Kingdom

Simply Conveyancing is a conveyancing services business. Simply Conveyancing was founded in 2000 and is based in Northamptonshire, United Kingdom.

Buy -
Buyer

Bank of Scotland Integrated Finance

Edinburgh, United Kingdom

Category Company
Sector Financial Services
DESCRIPTION

The Bank of Scotland is a commercial and clearing bank based in Edinburgh, Scotland.


DEAL STATS #
Overall 4 of 4
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 4 of 4
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-01 Securistyle

Cheltenham, United Kingdom

Securistyle Ltd. is a manufacturer of architectural hardware products which include hinges, locking mechanisms and handles for use on windows, doors and conservatories. The business supplied its products to the public sector, housing trusts, resellers and direct to other manufacturers. Securistyle dominated the specifier market in the UK and during the investment holding period Securistyle saw significant growth in both China and the Middle East.

Sell -

Seller(S) 1

SELLER

ECS Group

Edinburgh, United Kingdom

Category Company
Founded 2008
Sector Information Technology
DESCRIPTION

ECS Group is an IT services provider focused on delivering a full range of services, from cyber-security to DevOps for enterprise clients. ECS Group was formed in 2008 and is based in Edinburgh, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2019 M&A 1 of 1