M&A Deal Summary

Redcentric Acquires Calyx Managed Services

On April 2, 2015, Redcentric acquired information technology company Calyx Managed Services from Better Capital for 12M GBP

Acquisition Highlights
  • This is Redcentric’s 2nd transaction in the Information Technology sector.
  • This is Redcentric’s largest (disclosed) transaction.
  • This is Redcentric’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2015-04-02
Target Calyx Managed Services
Sector Information Technology
Buyer(s) Redcentric
Sellers(s) Better Capital
Deal Type Add-on Acquisition
Deal Value 12M GBP

Target

Calyx Managed Services

London, United Kingdom
Calyx Managed Services is a provider of Managed ICT Services in the UK and Ireland. The Group’s principal divisions offer IT outsourcing, telecommunications carrier services and software solutions.

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Buyer(S) 1

Buyer

Redcentric

Harrogate, United Kingdom

Category Company
Founded 1997
Sector Information Technology
Employees457
Revenue 94M GBP (2015)
DESCRIPTION

Redcentric plc is a UK IT managed services provider.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 2 of 2
Year: 2015 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-18 InTechnology Managed Services

Harrogate, United Kingdom

InTechnology Managed Services Ltd. is a provider of information technology infrastructure services. The company was incorporated in 2012 and is based in Harrogate, United Kingdom.

Buy £65M

Seller(S) 1

SELLER

Better Capital

Guernsey, United Kingdom

Category Private Equity Firm
Founded 2009
PE ASSETS 552M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Better Capital LLP is a private investment firm specializing in acquiring operational and acquisition turnaround of underperforming middle-market companies located in the UK and Ireland. The Firm looks to invest £50 million in companies with revenues between £25 and £500 million. Better Capital is a consultant to the general partners of BECAP Fund LP and BECAP12 Fund LP. The Firm was formed in 2009 and is based in Guernsey.


DEAL STATS #
Overall 5 of 8
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: United Kingdom M&A 4 of 7
Year: 2015 M&A 2 of 4
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-20 CAV Aerospace

County Durham, United Kingdom

CAV Aerospace is a manufacturer and suppler of aerospace components.

Buy £40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-02 Santia

Caerphilly, United Kingdom

Santia Ltd. is a provider of health and safety risk management services, including; health and safety consultancy, training services, occupational health, asbestos management, food safety, information services and supplier and vendor accreditation.

Sell £47M