Add-on Acquisition • Software

NatWest Group Acquires FreeAgent Central

On March 29, 2018, NatWest Group acquired software company FreeAgent Central for 53M GBP

Acquisition Context
  • This is NatWest Group’s 1st transaction in the Software sector.
  • This is NatWest Group’s 5th largest (disclosed) transaction.
  • This is NatWest Group’s 9th transaction in the United Kingdom.

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M&A Deal Summary

Date March 29, 2018
Target FreeAgent Central
Sector Software
Buyer(s) NatWest Group
Deal Type Add-on Acquisition
Deal Value 53M GBP

Target Company

FreeAgent Central

Edinburgh, United Kingdom
FreeAgent offers cloud accounting services for small businesses, an API for easy integration, and integrations with existing startups such as Basecamp, Stripe, PayPal, and Xpenditure. The company also has an offering for accountants and a fully-integrated payroll system.
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Buyer Overview 1

Buyer

NatWest Group

Edinburgh, United Kingdom

Category Company
Founded 1727
Sector Financial Services
Employees59,400
Revenue 14.7B GBP (2024)
DESCRIPTION

NatWest Group provides support to customers to manage their finances and do business. NatWest Group was founded in 1727 and is based in Edinburgh, the United Kingdom.


Deal Context for Buyer #
Overall 11 of 12
Sector: Software 1 of 1
Type: Add-on Acquisition 6 of 6
Country: United Kingdom 9 of 10
Year: 2018 1 of 1
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-05 Cruise

Redditch, United Kingdom

Cruise is an online travel agent serving UK for cruise reviews and cruise related questions and answers and publishes unique content and consolidates comparison tables of on-board facilities. Cruise was founded in 1984 and is based in Redditch, United Kingdom.

Buy £52M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-10 Metpro Online

Smethwick, United Kingdom

Metpro Online is a high-growth specialist manufacturer and distributor of cable management products. Metpro Online was founded in 1995 and is based in Smethwick, United Kingdom.

Buy -