M&A Deal Summary

OMERS Private Equity Acquires Network Plus

On July 11, 2022, private equity firm OMERS Private Equity acquired business services company Network Plus from Livingbridge

Acquisition Highlights
  • This is OMERS Private Equity’s 5th transaction in the Business Services sector.
  • This is OMERS Private Equity’s 10th transaction in the United Kingdom.

M&A Deal Summary

Date 2022-07-11
Target Network Plus
Sector Business Services
Buyer(s) OMERS Private Equity
Sellers(s) Livingbridge
Deal Type Secondary Buyout

Target

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.

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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 51 of 57
Sector: Business Services M&A 5 of 7
Type: Secondary Buyout M&A Deals 30 of 34
Country: United Kingdom M&A 10 of 11
Year: 2022 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-10 Forefront Dermatology

Manitowoc, Wisconsin, United States

Forefront Dermatology delivers medical dermatology, fully integrated surgery and pathology services through more than 130 clinics across 16 U.S. states. Forefront Dermatology was formed in 1977 and is based in Manitowoc, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-20 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.

Buy -

Seller(S) 1

SELLER

Livingbridge

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 3.8B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Livingbridge is a UK-based investment group focused on investing in and growing mid-sized companies. The Firm targets businesses seeking £15 to £300 million of capital. Prospective companies should have 'ambitious mangement', scalable business models, and potential for market leadership. Sectors of interest include technology, media, communications, consumer products/services, healthcare, and education. Livingbridge was formed in 1995 and is based in London.


DEAL STATS #
Overall 95 of 102
Sector: Business Services M&A 21 of 22
Type: Secondary Buyout M&A Deals 40 of 44
Country: United Kingdom M&A 87 of 92
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 Imagesound

Derbyshire, United Kingdom

Imagesound delivers in-store music, messaging, and digital signage solutions from its hosted platform to over 60,000 client zones in over 150 countries. The company helps global clients improve their customer experience through the power of music, technology, and content. Imagesound was founded in 1998 and is based in Derbyshire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-19 CitNOW

Wokingham, United Kingdom

CitNOW is a specialist provider of video applications that create a more transparent, easier car buying and owning experience for automotive dealership customers. CitNOW's applications improve the performance of automotive dealerships by allowing staff to send personalized, branded video presentations of vehicles for sale. In addition, workshop technicians use CitNOW’s Workshop app to send videos to customers to evidence parts that need replacing when cars are brought in for service. CitNOW was founded in 2008 and is based in Wokingham, United Kingdom.

Buy -