M&A Deal Summary

MMT Computing Acquires Imago QA

On December 1, 2003, MMT Computing acquired software company Imago QA from Equistone

Acquisition Highlights
  • This is MMT Computing’s 1st transaction in the Software sector.
  • This is MMT Computing’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2003-12-01
Target Imago QA
Sector Software
Buyer(s) MMT Computing
Sellers(s) Equistone
Deal Type Add-on Acquisition

Target

Imago QA

Chelmsford, United Kingdom
Imago QA is a specialist software testing consultancy.

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Buyer(S) 1

Buyer

MMT Computing

London, United Kingdom

Category Company
Sector Software
DESCRIPTION

MMT Computing Plc specializes in computer systems consulting and software facilities management.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2003 M&A 1 of 1

Seller(S) 1

SELLER

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, United Kingdom.


DEAL STATS #
Overall 18 of 206
Sector: Software M&A 1 of 2
Type: Add-on Acquisition M&A Deals 12 of 70
Country: United Kingdom M&A 13 of 84
Year: 2003 M&A 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-07 Graphicraft

United Kingdom

Graphicraft- is into the business of manufacturing vinyl graphics for caravans, aircraft and boats.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-15 Preferred Mortgages

Haywards Heath, United Kingdom

Preferred Mortgages offers mortgages to borrowers who are able and willing to repay, but whose personal history means that high street lenders are unable to lend, due to the credit scoring techniques that they use.

Sell -