M&A Deal Summary

PlanNet21 Communications Acquires Hutchinson Networks

On June 19, 2019, PlanNet21 Communications acquired information technology company Hutchinson Networks from YFM Equity Partners

Acquisition Highlights
  • This is PlanNet21 Communications’ 1st transaction in the Information Technology sector.
  • This is PlanNet21 Communications’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2019-06-19
Target Hutchinson Networks
Sector Information Technology
Buyer(s) PlanNet21 Communications
Sellers(s) YFM Equity Partners
Deal Type Add-on Acquisition

Target

Hutchinson Networks

Edinburgh, United Kingdom
Hutchinson Networks Ltd. is a provider of multi vendor IT and network solutions to national and international clients offering advanced infrastructure services to a rapidly expanding client base, including a major UK airport, an international consumer brand. Hutchinson Networks Ltd. was established in 2011 and is based in Edinburgh, United Kingdom.

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Buyer(S) 1

Buyer

PlanNet21 Communications

Dublin, Ireland

Category Company
Founded 1998
Sector Information Technology
DESCRIPTION

PlanNet21 Communications Ltd. is an IT and Telecommunication solutions and Cloud service provider offering nationwide service. The company offers a unified systems framework for voice, data, and video, along with Data Centre services which support and enhance its client's competitive advantage through the enablement of their workforce, empowering them to respond faster and more efficiently to the demands that their clients place on them. PlanNet21 was formed in 1998 and is based in Dublin, Ireland.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

YFM Equity Partners

Leeds, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 300M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

YFM Equity Partners is a private equity firm focused on growth oriented investments in UK-based companies. The Firm looks to invest up to £10 million to support a variety of established, growing, and profitable businesses. YFM Equity Partners was formed in 1982 and is based in Leeds, England.


DEAL STATS #
Overall 35 of 50
Sector: Information Technology M&A 2 of 4
Type: Add-on Acquisition M&A Deals 24 of 34
Country: United Kingdom M&A 34 of 49
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-11 Tonkotsu

London, United Kingdom

Tonkotsu is an operator of ramen restaurants in London and one in Selfridges Birmingham serving homemade noodles and broths alongside a selection of gyoza, sides, sake, cocktails and craft beer. Tonkotsu is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-16 Sharpcloud

London, United Kingdom

Sharpcloud is a visual business collaboration software for Strategic Portfolio Management. SharpCloud Stories are powerful for visually communicating Strategic Workshops & Roadmapping, Project Portfolios & Responsibility Matrix, and Stakeholder Dashboards. Sharpcloud was founded in 2012 and is based in London, United Kingdom.

Buy -