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M&A Deal Summary

Telefonica Tech Acquires Incremental Group

On March 21, 2022, Telefonica Tech acquired information technology company Incremental Group from Dunedin for 175M GBP

Acquisition Highlights
  • This is Telefonica Tech’s 1st transaction in the Information Technology sector.
  • This is Telefonica Tech’s 0th largest (disclosed) transaction.
  • This is Telefonica Tech’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2022-03-21
Target Incremental Group
Sector Information Technology
Buyer(s) Telefonica Tech
Sellers(s) Dunedin
Deal Type Add-on Acquisition
Deal Value 175M GBP

Target

Incremental Group

Glasgow, United Kingdom
Incremental Group is a Microsoft Inner Circle member serving clients include Total, Aggreko, Shelter, Scottish Leather Group, and Aberdeen City Council. The company is dedicated to helping government, not for profit and industry organizations undergo digital transformation, step by step with Microsoft. Incremental Group was formed in 2015 and is based in Glasgow, United Kingdom.

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Buyer(S) 1

Buyer

Telefonica Tech

Madrid, Spain
Category Company
Sector Information Technology
DESCRIPTION

Telefonica Tech offers a wide range of integrated technological services and solutions in cybersecurity, cloud computing, IoT, big data, artificial intelligence, and blockchain. Telefonica Tech is based in Madrid, Spain.

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: 2022 M&A 1 of 1

Seller(S) 1

SELLER

Dunedin

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 400M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Dunedin is a middle-market private equity firm focused on investments in the UK. Dunedin looks to invest in businesses with proven management, strong market positions/brands, positive cash-flow, significant barriers to entry, and strong opportunities for growth. Dunedin seeks businesses valued from £20 to £100 million. Targeted sectors include construction, building materials, consumer products/services, financial services, healthcare, leisure, specialist manufacturing, and support services. Dunedin was formed in 1996 and is based in Edinburgh with an additional office in London.

DEAL STATS #
Overall 33 of 36
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 12 of 13
Country: United Kingdom M&A 32 of 35
Year: 2022 M&A 1 of 2
Size (of disclosed) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 U-POL

London, United Kingdom

U-POL is a manufactures and markets refinish products (primarily body fillers, coatings and aerosols), for the global automotive aftermarket. U-POL was founded in 1949 and is based in London, United Kingdom.

Sell $590M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-06 Red Global

London, United Kingdom

Red Global is a pan-European IT resourcing specialist supplying SAP consultants to multi-national corporations on mid-term consulting contracts and permanent placements. Red Global was formed in 2000 and is based in London, United Kingdom.

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