M&A Deal Summary

SoftwareONE Acquires HeleCloud

On October 4, 2021, SoftwareONE acquired information technology company HeleCloud from BGF

Acquisition Highlights
  • This is SoftwareONE’s 4th transaction in the Information Technology sector.
  • This is SoftwareONE’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2021-10-04
Target HeleCloud
Sector Information Technology
Buyer(s) SoftwareONE
Sellers(s) BGF
Deal Type Add-on Acquisition
Advisor(s) Alantra (Financial)
Fieldfisher (Legal)

Target

HeleCloud

London, United Kingdom
HeleCloud is an IT consultancy and managed services provider specializing in highly sophisticated Cloud strategy, implementation, migration, and operation services. HeleCloud was founded in 2016 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

SoftwareONE

Stans, Switzerland

Category Company
Founded 1985
Sector Information Technology
Employees2,500
DESCRIPTION

SoftwareONE is a provider of software portfolio management including software licensing, software asset management, technology consulting and cloud services to more than 12,000 corporate customers in 115 countries. SoftwareONE was formed in 1985 and is based in Stans, Switzerland.


DEAL STATS #
Overall 7 of 9
Sector (Information Technology) 4 of 4
Type (Add-on Acquisition) 5 of 7
Country (United Kingdom) 2 of 3
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-05 BNW Consulting

Southbank, Australia

BNW Consulting is a long-standing and growing technology and cloud consulting company specializing in services around SAP platform transformation and migration from on-premises to public cloud hyperscale platforms, such as Microsoft Azure, Amazon Web Services (AWS), Google Cloud Platform, and Ali Cloud. In addition, BNW offers organizations its proprietary SAP-certified tool, PowerConnect, that provides analytical insights into SAP performance data across on-premise & cloud infrastructures as well as security and business process data. BNW currently supports organizations in Australia, APAC, Europe and the United States, and will be available globally with the SoftwareONE global portfolio and footprint.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-05 Centiq

Nottingham, United Kingdom

Centiq have been designing, building, managing and optimising SAP platforms, even deploying the very first SAP HANA implementation in the UK. Centiq was founded in 1998 and is based in Nottingham, United Kingdom.

Buy -

Seller(S) 1

SELLER

BGF

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2011
PE ASSETS 2.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Business Growth Fund (BGF) is a private investment firm focused on early and growth-stage investing across the UK. The Firm also invests in publicly traded companies. BGF's growth team looks to invest £1 to £15 million in small to mid-sized companies looking for additional capital to pursue growth. BGF was established in 2011 and is headquartered in London.


DEAL STATS #
Overall 59 of 93
Sector (Information Technology) 4 of 9
Type (Add-on Acquisition) 32 of 53
Country (United Kingdom) 56 of 88
Year (2021) 17 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-04 Cooplands

Scarborough, United Kingdom

Cooplands owns and operates traditionally-made, high-quality produce including bread, sandwiches, pies, pastries, and cakes to more than 140 Cooplands shops, 11 cafes, and 28 sandwich vans. Cooplands Bakery was founded in 1885 and is based in Scarborough, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-24 Mono Consultants

East Kilbride, United Kingdom

Mono Consultants offers a complete range of end-to-end support services to its network operator clients. Services provided include acquisition and planning; design, build, and rigging; integration and commissioning of radio equipment; site maintenance; site decommissioning and, increasingly, program and project management. Mono Consultants was founded in 1997 and is based in East Kilbride, United Kingdom.

Sell -