Secondary Buyout • Software

Partners Group Acquires Civica

On July 24, 2017, asset manager Partners Group acquired software company Civica from OMERS Private Equity for 1.1B GBP

Acquisition Context
  • This is Partners Group’s 3rd transaction in the Software sector.
  • This is Partners Group’s 6th largest (disclosed) transaction.
  • This is Partners Group’s 4th transaction in the United Kingdom.
Investment Fate
  • Civica was sold to a consortium of financial buyers in 2023.

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M&A Deal Summary

Date July 24, 2017
Target Civica
Sector Software
Buyer(s) Partners Group
Sellers(s) OMERS Private Equity
Deal Type Secondary Buyout
Deal Value 1.1B GBP

Target Company

Civica

London, United Kingdom
Civica is a business-critical software and technology-based outsourcing services to both public sector organizations and to commercial organizations in highly regulated sectors. The Company has a highly diversified customer base, including local and central governments, healthcare providers, housing associations, schools, and police and fire services, serving 2,000 major customers in ten countries. Its software and services support functions ranging from financial management and tax & benefits processing to medical records management and are used by over two million professionals every day, streamlining the services provided to 100 million people and businesses. Civica was founded in 2002 and is based in London, United Kingdom.
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Buyer Overview 1

Buyer

Partners Group

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1996
PE ASSETS 174.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Partners Group is a global investment management firm with a variety of funds and institutional clients. The Firm's direct investment group looks to invest in or acquire market leading companies with growth opportunities linked to technology. Partners is a hands-on investor and looks to actively support its portfolio companies with expansion, operational, and governance structure support. Partners Group was established in 1996 and is headquartered in Zug, Switzerland.


Deal Context for Buyer #
Overall 49 of 97
Sector: Software 3 of 6
Type: Secondary Buyout 24 of 53
Country: United Kingdom 4 of 7
Year: 2017 7 of 9
Size (of disclosed) 6 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-31 Green Tea Group

Hangzhou, China

Green Tea Group is a casual dining restaurant chain. Green Tea, the Company's main brand, serves chinese fusion cuisine in a traditional dining environment, while Play King, launched in January 2016, serves a more casual western menu in a youthful, modern setting. Green Tea Group was founded in 2004 and is based in Zhejiang Sheng, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-24 USIC

Indianapolis, Indiana, United States

USIC is a provider of regulatory-driven safety and utility inspection services to a national customer base across the infrastructure end-markets. USIC was founded in 1978 and is based in Indianapolis, Indiana.

Buy -

Seller Profile 1

SELLER

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 Context for Seller #
Overall 23 of 32
Sector: Software 3 of 4
Type: Secondary Buyout 9 of 17
Country: United Kingdom 3 of 6
Year: 2017 2 of 3
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-04 Inmar

Winston-Salem, North Carolina, United States

Inmar operates intelligent commerce networks, connecting offline and online transactions in real time for retailers, manufacturers and trading partners across multiple industries. In addition, Inmar’s platforms generate meaningful data and enable the Company to provide clients with actionable analytics and insights to meet the evolving needs of shoppers, patients and businesses. Inmar was founded in 1980 and is based in Winston-Salem, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-14 Trescal

Rungis, France

Trescal provides a broad range of services for the test and measuring equipment market. Supplementing the standard technical services (verification, calibration and repair of T&M instruments), Trescal provides expertise in the implementation and acquisition of measurement systems, customized equipment pool management software solutions, metrology, technical support, and training. Trescal services customers in various sectors such as Defence, Aerospace, Aeronautics, Automotive, Power Generation & Utilities, Electronics Manufacturing, Communications and Medical & Chemistry. Trescal was founded in 2007 and is based in Rungis, France.

Buy €670M