M&A Deal Summary

NEC Acquires Northgate Public Services

On January 9, 2018, NEC acquired software company Northgate Public Services from Cinven for 475M GBP

Acquisition Highlights
  • This is NEC’s 3rd transaction in the Software sector.
  • This is NEC’s 3rd largest (disclosed) transaction.
  • This is NEC’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2018-01-09
Target Northgate Public Services
Sector Software
Buyer(s) NEC
Sellers(s) Cinven
Deal Type Add-on Acquisition
Deal Value 475M GBP

Target

Northgate Public Services

Hemel Hempstead, United Kingdom
Northgate Public Services Ltd. is a provider of mission-critical software and Intellectual Property-led services to the public sector in the UK, Australia and Canada. The Group is headquartered in the UK and has more than 2,000 staff worldwide.

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Buyer(S) 1

Buyer

NEC

Tokyo, Japan

Category Company
Founded 1899
Sector Technology Hardware
Employees104,194
Revenue 3.42T JPY (2025)
DESCRIPTION
NEC's office in Santa Clara, California.
NEC's office in Santa Clara, California.

NEC is a global provider of IT hardware and solutions. The Company also offers systems integration services, such as systems implementation and consulting services. NEC was founded in 1899 and is based in Tokyo, Japan.


DEAL STATS #
Overall 7 of 14
Sector: Software M&A 3 of 6
Type: Add-on Acquisition M&A Deals 6 of 13
Country: United Kingdom M&A 1 of 2
Year: 2018 M&A 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-23 NEC TOKIN

Sendai-shi, Japan

NEC TOKIN Corp. is a manufacturer of electronic components in Japan.

Sell $53M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-27 KMD A/S

Ballerup, Denmark

KMD A/S is a provider of IT software solutions and services to the Danish municipalities and central government. KMD was formed in 1972 and is based in Ballerup, Denmark.

Buy kr.8.0B

Seller(S) 1

SELLER

Cinven

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1977
PE ASSETS 39.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Cinven is a private equity firm focused on buyout investments in growing, profitable businesses located throughout Europe and North America. Sectors of interest include business and financial services, healthcare, industrial, retail, leisure, consumer, technology, media, and telecommunications. Cinven looks to invest a minimum of €200 million in companies with minimum enterprise values of €400 million. Cinven does not invest in start-ups or development phase companies. Cinven was established in 1977 and is headquartered in London.


DEAL STATS #
Overall 115 of 130
Sector: Software M&A 3 of 4
Type: Add-on Acquisition M&A Deals 27 of 33
Country: United Kingdom M&A 71 of 73
Year: 2018 M&A 1 of 2
Size (of disclosed) 14 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-30 Planasa

Valtierra, Spain

Planasa is a plant variety and nursery operator within the berry fruit category worldwide. The Group provides seeds, plants and R&D services to farmers, and fresh produce to retailers across the world. Planasa was founded in 1973 and is based in Valtierra, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-26 PPF

Budaörs, Hungary

Partner in Pet Food (PPF) is a pet food manufacturer with nine manufacturing operations across Europe. PPF supplies pet food to more than 250 customers in Europe, including traditional retailers, discounters, speciality pet retailers and online specialists. Its product range covers the main categories of dog and cat food including wet and dry food including single serve products. Partner in Pet Food was founded in 1999 and is based in Budaörs, Hungary.

Buy -