M&A Deal Summary

NTT DATA Acquires Sapphire Systems

On November 7, 2023, NTT DATA acquired information technology company Sapphire Systems from Horizon Capital UK and Souter Investments Limited

Acquisition Highlights
  • This is NTT DATA’s 15th transaction in the Information Technology sector.
  • This is NTT DATA’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2023-11-07
Target Sapphire Systems
Sector Information Technology
Buyer(s) NTT DATA
Sellers(s) Horizon Capital UK
Souter Investments Limited
Deal Type Add-on Acquisition
Advisor(s) Arma Partners (Financial)
CMS Legal (Legal)

Target

Sapphire Systems

London, United Kingdom
Sapphire Systems is a provider of enterprise resource planning (ERP) and financial management solutions (FMS). Sapphire Systems was founded in 1993 and is based in London, England.

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Buyer(S) 1

Buyer

NTT DATA

Tokyo, Japan

Category Company
Founded 1967
Sector Information Technology
Employees197,777
Revenue 4.64T JPY (2025)
DESCRIPTION

NTT DATA is a IT services provider and global innovation partner with 80,000 professionals based in over 40 countries. NTT DATA emphasizes long-term commitment and combines global reach and local intimacy to provide premier professional services, including consulting, application services, business process and IT outsourcing, and cloud-based solutions. NTT DATA was founded in 1967 and is based in Tokyo, Japan.


DEAL STATS #
Overall 24 of 30
Sector: Information Technology M&A 15 of 20
Type: Add-on Acquisition M&A Deals 23 of 28
Country: United Kingdom M&A 2 of 3
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-13 Aspirent

Atlanta, Georgia, United States

Aspirent provides strategic consulting, cloud development, and project execution services related to data and analytics for blue-chip clients in the Atlanta market. Aspirent was founded in 2012 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-27 NTT DATA Payment Services

Kuala Lumpur, Malaysia

NTT DATA Payment Services is a payment solutions provider offering in-store, e-commerce, and cross-border payment services across Southeast Asia. NTT DATA Payment Services is based in Kuala Lumpur, Malaysia.

Buy -

Seller(S) 2

SELLER

Horizon Capital UK

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 800M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Horizon Capital UK is a private equity firm that targets investments in middle-market companies valued up to £100 million. The Firm has a preference for UK-headquartered businesses and will consider opportunities in the technology services, software, data/analytics, and business services sectors. Prospective transaction situations include buyouts with potential for consolidation. Horizon Capital UK was formed in 1999 and is based in London, United Kingdom.


DEAL STATS #
Overall 27 of 30
Sector: Information Technology M&A 7 of 9
Type: Add-on Acquisition M&A Deals 11 of 13
Country: United Kingdom M&A 24 of 27
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-27 Ridge and Partners

Woodstock, United Kingdom

Ridge & Partners is a multidisciplinary built‑environment consultancy offering architecture, engineering, planning, project & cost management, surveying, sustainability, and advisory services. Ridge and Partners was founded in 1946 and is based in Woodstock, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-01 Turnmill

London, United Kingdom

Turnmill is a global organiser of large-scale financial services events, enabling high-value networking and deal-making through curated meetings and market ecosystems. It operates across multiple continents, connecting investors, corporates, and industry stakeholders. Turnmill was founded in 2024 and is based in London, United Kingdom.

Buy -
DESCRIPTION

Souter Investments is a family office focused on private equity investing throughout the UK. The Firm looks to commit £2 to £30 million to support a variety of transaction situations including buyouts, growth capital financings, corporate divestitures, and balance sheet restructurings. Broad areas of interest include transportation, luxury goods, financial services, healthcare, and business services. Souter Investments was established in 2008 and is based in Edinburgh, Scotland.


DEAL STATS #
Overall 12 of 12
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 5
Country: United Kingdom M&A 10 of 10
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-03 Premier Hytemp

Newbridge, United Kingdom

Premier Hytemp is engaged in supply and precision machining of advanced metals, including specialist nickel alloys for use in critical components across complex high temperature, high pressure, and corrosive environments. Premier Hytemp was formed in 1985 and is based in Newbridge, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-27 Acteon

Norwich, United Kingdom

Acteon is a global oilfield services provider focusing on the provision of subsea services and products. Acteon was founded in 1989 and is based in Norwich, United Kingdom.

Buy -