M&A Deal Summary

The Innovation Group Acquires MTW

On July 24, 2001, The Innovation Group acquired software company MTW from Halifax Group for 85M USD

Acquisition Highlights
  • This is The Innovation Group’s 1st transaction in the Software sector.
  • This is The Innovation Group’s largest (disclosed) transaction.
  • This is The Innovation Group’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2001-07-24
Target MTW
Sector Software
Buyer(s) The Innovation Group
Sellers(s) Halifax Group
Deal Type Add-on Acquisition
Deal Value 85M USD

Target

MTW

United Kingdom
MTW Corporation is an innovative provider of software systems and application architecture and development and services primarily for property & casualty insurance companies and state government agencies.

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Buyer(S) 1

Buyer

The Innovation Group

Hampshire, United Kingdom
Category Company
Founded 1996
Sector Information Technology
Employees2,800
Revenue 204M USD (2013)
DESCRIPTION

The Innovation Group is a provider of business process outsourcing and technology solutions to the insurance, fleet and automotive industries. The Innovation Group was founded in 1996 and is based in Hampshire, United Kingdom.

DEAL STATS #
Overall 1 of 4
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 4
Country (United Kingdom) 1 of 3
Year (2001) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-03 Nobilas Claims & Fleet Solutions

Hoofddorp, Netherlands

Nobilas Claims & Fleet solutions, is a business to business service provider, combining major car repair process management skills with claims management, supply chain management and fleet imaging services. Clients are (car) insurers, car leasing companies, car rental companies and corporate car fleet owners.

Buy -

Seller(S) 1

SELLER

Halifax Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Halifax Group is a private equity firm focused on investing in established, profitable, and growing companies. The Firm prefers completing transactions in partnership with management and typically looks to invest $40 to $80 million per acquisition. Prospective companies generally have revenues of at least $20 million and EBITDA greater than $8 million. Sectors of interest include business services, healthcare services, infrastructure services, and 'wellness' products and services. Halifax prefers opportunities located in North America. The Halifax Group was formed in 1999 and is based in Washington, DC, with additional offices in Dallas, Texas and Raleigh, North Carolina.

DEAL STATS #
Overall 1 of 24
Sector (Software) 1 of 2
Type (Add-on Acquisition) 1 of 8
Country (United Kingdom) 1 of 4
Year (2001) 1 of 1
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-02 InSight Health Services

Lake Forest, California, United States

Insight Health Services Holdings Corp. provides diagnostic imaging services through a network of fixed-site centers and mobile facilities in the United States.

Buy $54M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-01 Soil Safe

Columbia, Maryland, United States

Soil Safe is an environmental service company engaged in the treatment and recycling of contaminated soil. Soil Safe was founded in 1989 and is based in Columbia, Maryland.

Buy -
Mergr

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