M&A Deal Summary

OMERS Private Equity Acquires Bionic

On July 20, 2022, private equity firm OMERS Private Equity acquired internet software and services company Bionic from ECI Partners

Acquisition Highlights
  • This is OMERS Private Equity’s 1st transaction in the Internet Software and Services sector.
  • This is OMERS Private Equity’s 11th transaction in the United Kingdom.

M&A Deal Summary

Date 2022-07-20
Target Bionic
Sector Internet Software and Services
Buyer(s) OMERS Private Equity
Sellers(s) ECI Partners
Deal Type Secondary Buyout

Target

Bionic

London, United Kingdom
Bionic provides SMEs with price comparison and switching services for a range of areas, including electricity, gas, insurance, and telecoms. Bionic was founded in 2007 and is based in London, United Kingdom.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

OMERS Private Equity

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 27.5B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

OMERS Private Equity, Inc. is the private equity arm of the Ontario Municipal Employees Retirement System. OMERS invests in buyout, venture, and mezzanine funds as well as makes direct private equity investments in North American companies with and enterprise value of $200 million to 1.5 billion. Target sectors include manufacturing, financial and business services, industrial and consumer products, transportation, and technology. OMERS Private Equity was formed in 1987 and is based in Toronto, Ontario.


DEAL STATS #
Overall 52 of 57
Sector: Internet Software and Services M&A 1 of 1
Type: Secondary Buyout M&A Deals 31 of 34
Country: United Kingdom M&A 11 of 11
Year: 2022 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-11 Network Plus

Worsley, United Kingdom

Network Plus is a Tier 1 pureplay providers of essential repair & maintenance (R&M), installation and connection services to water, power gas, telecoms and transport asset owners throughout the UK. Network Plus was founded in 2000 and is based in Worsley, United kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-05 Modigent

Phoenix, Arizona, United States

Modigent is a provider of full spectrum of HVAC replacement, retrofit and repair services primarily for facilities in education, municipal, and healthcare end markets throughout Arizona. The company have continued to perform exceptional HVAC service and installation for school districts, governmental agencies, municipalities, and private firms. Modigent was founded in 2001 and is based in Phoenix, Arizona.

Buy -

Seller(S) 1

SELLER

ECI Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 2.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

ECI Partners is a private equity firm focused on the smaller middle-market company that invests in growing businesses valued up to £300m. ECI looks for UK businesses or businesses with a substantial presence in the UK. Funds are generally used to support expansion, acquisitions, management buyouts, buy-ins, turnarounds, and refinancing. Target sectors include IT services, support services, Insurance, and SME services. ECI will not invest in early-stage companies. ECI Partners was formed in 1976 and has offices in London, Manchester, and New York.


DEAL STATS #
Overall 73 of 76
Sector: Internet Software and Services M&A 9 of 10
Type: Secondary Buyout M&A Deals 25 of 26
Country: United Kingdom M&A 67 of 70
Year: 2022 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-27 Clear Group

London, United Kingdom

Clear Group is an independent insurance broker with over 30,000 clients and handling over £100m of premiums. It is focused on the UK corporate and SME market and has strong expertise in niche insurance verticals including property and construction. Clear Group was formed in 2001 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-13 MiQ

London, United Kingdom

MiQ is a global programmatic media partner that helps businesses to scale and deliver proven ROI through its media offering, analytical solutions, and tech platform. The company turns data into high-performing advertising campaigns and provides real-time insights to drive tangible business change. MiQ was formed in 2010 and is based in London, United Kingdom.

Sell -