Investment Summary

Private Investor Capital Exit Thomsons Online Benefits

On January 29, 2013, private equity firms ABRY Partners and VSS Capital Partners invested in software company Thomsons Online Benefits from Private Investor Capital

Investment Highlights
  • This is ABRY Partners’ 5th and VSS Capital Partners’ 6th transaction in the Software sector.
  • This is ABRY Partners’ 5th and VSS Capital Partners’ 9th transaction in the United Kingdom.
Investment Fate
  • Thomsons Online Benefits was sold to a strategic buyer in 2016.

Investment Summary

Date 2013-01-29
Target Thomsons Online Benefits
Sector Software
Investor(s) ABRY Partners
VSS Capital Partners
Sellers(s) Private Investor Capital
Deal Type Secondary Buyout
Advisor(s) Wiggin (Legal)

Target

Thomsons Online Benefits

London, United Kingdom
Thomsons Online Benefits is a global benefits software business powered by its award-winning DarwinTM platform.

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Investor(S) 2

Investor

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 85 of 175
Sector: Software M&A 5 of 12
Type: Secondary Buyout M&A Deals 17 of 42
Country: United Kingdom M&A 5 of 13
Year: 2013 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-21 Emerging Markets Communications

Miramar, Florida, United States

Emerging Markets Communications LLC is specializes in mission-critical communications and content for organizations and people on the move in the most remote locations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-05 Cast & Crew

Burbank, California, United States

Cast & Crew is a provider of software and services to the entertainment production industry. Cast & Crew's software products and services assist in the areas of payroll & human resources, accounting & financial, and workflow & productivity. Cast & Crew was founded in 1976 and is based in Burbank, California.

Sell -
Investor

VSS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

VSS Capital Partners is a private equity firm that targets investments in the media, communications, education, and information services sectors. VSS looks for opportunities with valuable brand franchises, stable cash flows, and infrastructure to support add-ons. The Firm will consider businesses throughout North America and Europe valued between $50 and $750 million. Prospective investment situations include management buyouts/buy-ins, expansion or acquisition financings, recapitalizations, build-ups, going private transactions, and partnerships. VSS was formed in 1987 and is based in New York, New York.


DEAL STATS #
Overall 70 of 99
Sector: Software M&A 6 of 7
Type: Secondary Buyout M&A Deals 7 of 12
Country: United Kingdom M&A 9 of 9
Year: 2013 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-11 System One

Pittsburgh, Pennsylvania, United States

System One is a provider of managed staffing and technical outsourcing solutions to improve productivity, specializing in the energy, engineering, information technology, commercial and scientific sectors. System One is the sixth largest engineering staffing companies and the forty-second largest staffing company overall in the U.S. System One is based in Pittsburgh, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-05 Cast & Crew

Burbank, California, United States

Cast & Crew is a provider of software and services to the entertainment production industry. Cast & Crew's software products and services assist in the areas of payroll & human resources, accounting & financial, and workflow & productivity. Cast & Crew was founded in 1976 and is based in Burbank, California.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Private Investor Capital Limited (which operates as Pi Capital) is an independent private equity group set-up as a network of peers that targets direct private equity investments as well as investments in private equity funds. The Group's direct investment area seeks to lead investments or will serve as a co-investor. Prospective transaction situations include management buyouts and consolidations where Pi can commit GBP2 to GBP10 million per transaction. Areas of interest include communications, manufacturing, business services, retail, consumer services, and gaming. Pi Capital is based in London.


DEAL STATS #
Overall 3 of 3
Sector: Software M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: United Kingdom M&A 3 of 3
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Fitness First Group

Dorset, United Kingdom

Fitness First Group Ltd. is a health club operator in the world with over one million members and over 400 clubs in 15 countries.

Sell -