M&A Deal Summary

Providence Equity Partners Acquires Node4

On March 3, 2021, private equity firm Providence Equity Partners acquired information technology company Node4 from Bowmark Capital

Acquisition Highlights
  • This is Providence Equity Partners’ 14th transaction in the Information Technology sector.
  • This is Providence Equity Partners’ 8th transaction in the United Kingdom.

M&A Deal Summary

Date 2021-03-03
Target Node4
Sector Information Technology
Buyer(s) Providence Equity Partners
Sellers(s) Bowmark Capital
Deal Type Secondary Buyout
Advisor(s) Arma Partners (Financial)
Pinsent Masons (Legal)

Target

Node4

Derby, United Kingdom
Node4 is a provider of integrated IT solutions, hybrid infrastructure, and cloud-enabled managed services to small and medium-sized businesses. Node4 was established in 2004 and is headquartered in Derby, United Kingdom.

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Buyer(S) 1

Buyer

Providence Equity Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 38.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Providence Equity Partners is a specialist private equity firm that targets investments in media, entertainment, communications, and information companies. Specifically, Providence seeks investments in wireless and wireline telephony, cable television content and distribution, music, film, publishing, radio and television broadcasting, and other media and communications sectors. Providence Equity looks to commit $150 million to $800 million of equity capital in transactions ranging from growth financings and recapitalizations, to buyouts and take-privates. Providence Equity Partners was formed in 1989 and has offices in Providence, Rhode Island; New York, New York; Los Angeles, California; London, United Kingdom; Hong Kong, China; and New Delhi, India.


DEAL STATS #
Overall 120 of 137
Sector: Information Technology M&A 14 of 14
Type: Secondary Buyout M&A Deals 28 of 40
Country: United Kingdom M&A 8 of 10
Year: 2021 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-19 RentPath

Norcross, Georgia, United States

RentPath, Inc. is a primary service is digital marketing for rental properties through a network of Internet listing websites, including Rent.com, ApartmentGuide.com, Rentals.com and Lovely.com. RentPath was founded in 1975 and is based in Norcross, Georgia.

Sell $608M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-10 CARET

San Diego, California, United States

CARET is a vertical SaaS provider for compliance-focused professional services markets. Our purpose-built cloud infrastructure puts customers’ business data and vital applications into a virtual workspace that is accessible anywhere, anytime and from any device, enabling small and midsize legal and accounting firms to grow an efficient, secure, client-focused practice. CARET was founded in 1983 and is based in San Diego, California.

Sell -

Seller(S) 1

SELLER

Bowmark Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 2.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Bowmark Capital is a private equity firm that targets investments in smaller, growth-oriented companies based in the UK. Bowmark considers investments across a range of industries with a strong interest in Business & Financial Services, Consumer & Leisure, Education & Training, Healthcare, Media, and Technology. Bowmark funds individual equity investments of up to £200 million and focuses on investing in UK companies which are valued between £25 million and £300 million. Bowmark was formed in 1997 and is based in London, United Kingdom.


DEAL STATS #
Overall 23 of 33
Sector: Information Technology M&A 2 of 3
Type: Secondary Buyout M&A Deals 12 of 18
Country: United Kingdom M&A 21 of 31
Year: 2021 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22 IWSR

London, United Kingdom

IWSR is a database service that covers the alcoholic drinks market. IWSR’s specialist analysts travel the world, visiting 120 markets annually, in order to meet over 1,600 local professionals and its data covers 157 markets in total. IWSR was founded in 1971 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-16 Oxford International Education Group

London, United Kingdom

Oxford International Education Group is a provider of high-quality secondary education, educational travel, English language tuition and university preparation courses to over 50,000 the UK and international students. Oxford International Education Group was founded in 1991 and is based in London, United Kingdom.

Sell -