M&A Deal Summary

Perwyn Acquires Velos IoT

On June 24, 2021, family office Perwyn acquired communications company Velos IoT from JT

Acquisition Highlights
  • This is Perwyn’s 1st transaction in the Communications sector.
  • This is Perwyn’s 1st transaction in Channel Islands.

M&A Deal Summary
Date 2021-06-24
Target Velos IoT
Sector Communications
Buyer(s) Perwyn
Sellers(s) JT
Deal Type Divestiture

Target

Velos IoT

Saint Helier, Channel Islands
Velos IoT is a global cellular IoT connectivity and carrier-neutral Internet of Things (‘IoT’) platform provider. Velos IoT is based in Saint Helier, Jersey.

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Buyer(S) 1

Buyer

Perwyn

Investor Investor Investor

Category Family Office
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

Perwyn is a privately-funded investment firm that seeks to invest in development capital and buyout transactions of businesses valued from £100 to £500 million. Perwyn prefers to be the first round of institutional capital and will consider opportunities throughout the UK and Western Europe. In addition investing equity capital, Perwyn also provides flexible debt capital to companies, investing £5 to £25 million per deal. Perwyn was established in 2013 and is headquartered in London.

DEAL STATS #
Overall 15 of 24
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
Country (Channel Islands) 1 of 1
Year (2021) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Interact Software

Manchester, United Kingdom

Interact Software is a global provider of pure-play intranet software to the enterprise and mid-market. Interact has offices in Manchester and New York, and operates across the whole of the US and Canada, EMEA, and Australia. Interact Software is based in Manchester, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 SALESmanago

Cracow, Poland

SALESmanago is a cloud-based online marketing automation platform used by over 5,000 companies all over the world that manage databases of over 200 mln customers. Using the power of real-time website and mobile application behavior analysis SALESmanago enables clients to fully personalize e-mail marketing, dynamic website content, social media (via Facebook Custom Audiences), and mobile marketing (push and in-app messages). SALESmanago was founded in 2011 and is based in Cracow, Poland.

Buy -

Seller(S) 1

SELLER

JT

Jersey, Channel Islands
Category Company
Founded 1888
Sector Communications
Employees600
DESCRIPTION

JT is a telecommunications firm. JT long-standing partnerships with leading communications businesses to deliver the products and services expected from a full-service, world-class communications provider. JT was founded in 1888 and is based in Jersey, Channel Islands.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
Country (Channel Islands) 1 of 1
Year (2021) 1 of 1
Mergr

Product

Company

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