M&A Deal Summary

Luxoft Holding Acquires Radius

On October 7, 2014, Luxoft Holding acquired staffing company Radius from HgCapital

Acquisition Highlights
  • This is Luxoft Holding’s 1st transaction in the Staffing sector.
  • This is Luxoft Holding’s 2nd transaction in the United States.
  • This is Luxoft Holding’s 1st transaction in Florida.

M&A Deal Summary
Date 2014-10-07
Target Radius
Sector Staffing
Buyer(s) Luxoft Holding
Sellers(s) HgCapital
Deal Type Add-on Acquisition

Target

Radius

Bonita Springs, Florida, United States
Radius, Inc. is a next-generation technology solution provider company focused on the growing Internet of Things industry.

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Buyer(S) 1

Buyer

Luxoft Holding

Zug, Switzerland
Category Company
Founded 2000
Sector Information Technology
Employees12,897
Revenue 907M USD (2018)
DESCRIPTION

Luxoft Holding, Inc. is a provider of software development services and innovative IT solutions to global clients. Luxoft Holding was founded in 2000 and is based in Zug, Switzerland.

DEAL STATS #
Overall 3 of 13
Sector (Staffing) 1 of 1
Type (Add-on Acquisition) 3 of 12
State (Florida) 1 of 1
Country (United States) 2 of 5
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-22 ITC Networks SRL

Bucharest, Romania

ITC Networks SRL is a software outsourcing provider specializing in the telecommunications industry. ITC Networks’ range of services includes system and application development, re-engineering, software testing and test automation, maintenance, and support.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-18 Excelian

London, United Kingdom

Excelian Ltd provide technical application and business expertise to the financial services industry.

Buy -

Seller(S) 1

SELLER

HgCapital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 70.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HgCapital is a European private equity firm focused on a wide range of transactions including public-to-private leveraged buy-outs, management buy-ins, divestitures, and turnarounds. Broad sectors of interest include consumer and leisure, healthcare, industrials, services, technology, media, and renewable energy. The Firm will consider both majority and minority investment positions. HgCapital is the successor to Mercury Capital Partners, a former unit of Merill Lynch which was spun out by management in 2000. HgCapital has offices in London and Munich.

DEAL STATS #
Overall 42 of 93
Sector (Staffing) 2 of 2
Type (Add-on Acquisition) 19 of 45
State (Florida) 1 of 1
Country (United States) 1 of 4
Year (2014) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-06 Voyage Care

Lichfield, United Kingdom

Voyage Care provides specialist care and support to people with learning and physical difficulties, brain injuries, autism, and other complex needs across the UK. Voyage Care was founded in 1988 and is based in Lichfield, United Kingdom.

Sell £375M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-19 Allocate Software

Richmond, United Kingdom

Allocate Software is a provider of specialist workforce optimisation, organisational flow improvement, governance, risk & compliance software focused on helping our customers manage large, multi-skilled workforces in complex, fast changing environments. Allocate Software was established in 1991 and is based in Richmond, United Kingdom.

Buy £110M
Mergr

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