M&A Deal Summary

Magentus Acquires Wellbeing Software Group Holdings

On April 6, 2020, Magentus acquired software company Wellbeing Software Group Holdings from Elysian Capital for 103M GBP

Acquisition Highlights
  • This is Magentus’ 1st transaction in the Software sector.
  • This is Magentus’ 0th largest (disclosed) transaction.
  • This is Magentus’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2020-04-06
Target Wellbeing Software Group Holdings
Sector Software
Buyer(s) Magentus
Sellers(s) Elysian Capital
Deal Type Add-on Acquisition
Deal Value 103M GBP

Target

Wellbeing Software Group Holdings

Mansfield, United Kingdom
Wellbeing Software Group is a provider of radiology and maternity software solutions that manage patient workflow and data. Its software provides end to end digitization to build a consolidated view of patient information for healthcare providers. Wellbeing’s products are used extensively in the healthcare system throughout the UK.

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Buyer(S) 1

Buyer

Magentus

Melbourne, Australia

Category Company
Founded 2007
Sector Information Technology
Revenue 98M AUD (2019)
DESCRIPTION

Magentus is a provider of unified collaboration, knowledge management, and education services and managed services in complex, knowledge-driven environments. The company's client base includes government agencies at all three levels (i.e. local, state, and federal) as well as blue-chip private sector businesses. It is represented on over 240 different contracts and preferred supplier arrangements nationally, many of them established organizations seeking specialist skills. Magentus was founded in 2007 and is based in Symonston, Australia.


DEAL STATS #
Overall 2 of 2
Sector (Software) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-18 PJA Solutions Pty

Melbourne, Australia

PJA Solutions Pty Ltd. is a provider of managed services in the pathology sector and is responsible for upwards of 30% of all data transactions associated with public laboratory pathology testing in Australia. PJAS provides services to laboratories/hospitals throughout Victoria, NSW and Queensland (where it is the dominant player in the public laboratory data management market), and is well positioned to extend both its offerings and reach into new markets across Australia and the region.

Buy AU$45M

Seller(S) 1

SELLER

Elysian Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 700M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Elysian Capital LLP is an independent private equity firm that targets management buyouts of growing, profitable businesses throughout the UK. Elysian focuses on lower mid-market companies valued between £20 and £100 million. Sectors of interest include healthcare, local and central government, consumer/retail, utilities/renewable and financial/support services. Elysian Capital LLP was formed in 2007 and is based in London.


DEAL STATS #
Overall 5 of 7
Sector (Software) 1 of 1
Type (Add-on Acquisition) 2 of 3
Country (United Kingdom) 5 of 7
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 SCX Special Projects

Sheffield, United Kingdom

SCX Special Projects is a specialist engineering company providing design and engineering for complex lifting and materials handling and kinetic architecture projects. The company built a reputation for providing high-quality solutions for materials handling including bespoke cranes for the Royal Navy and the nuclear energy sector. Safety and reliability are absolutely critical in these demanding and challenging environments. SCX Special Projects was founded in 1992 and is based in Sheffield, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Eton Bridge Partners

Windsor, United Kingdom

Eton Bridge Partners is an Executive Search, Interim Management and Consulting firm with specialist practices covering the breadth of corporate leadership. Eton Bridge Partners was founded in 2010 and is based in Windsor, United Kingdom.

Buy -