M&A Deal Summary

The Phoenix Companies Acquires Network Disaster Recovery

On May 2, 2005, The Phoenix Companies acquired information technology company Network Disaster Recovery from CBPE Capital for 37M GBP

Acquisition Highlights
  • This is The Phoenix Companies’ 1st transaction in the Information Technology sector.
  • This is The Phoenix Companies’ largest (disclosed) transaction.
  • This is The Phoenix Companies’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2005-05-02
Target Network Disaster Recovery
Sector Information Technology
Buyer(s) The Phoenix Companies
Sellers(s) CBPE Capital
Deal Type Add-on Acquisition
Deal Value 37M GBP

Target

Network Disaster Recovery

Aston, United Kingdom
Network Disaster Recovery (NDR) is an independent provider of IT disaster recovery and business continuity services. Its particular focus is the SME sector, where it is one of the leading providers.

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Buyer(S) 1

Buyer

The Phoenix Companies

Hartford,, Connecticut, United States
Category Company
Founded 1851
Sector Insurance
Employees640
Revenue 1.7B USD (2014)
DESCRIPTION

The Phoenix Companies, Inc. is a provider of income strategies and insurance protection, to families and individuals planning for or living in retirement.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

CBPE Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 1.3B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

CBPE Capital is a private equity firm that seeks investments in mid-sized UK-based businesses. CBPE focuses on transactions valued at between £25 million and £150 million and will consider opportunities in a variety of industries. Sectors of interest include support services (inspection testing, training/education, oil/gas services, business process outsourcing, IT, environmental services, utility services); transportation/distribution (transport infrastructure, transport services, wholesale and distribution); consumer (food/beverage, household products, media, retail); industrial (chemicals, building products, electronics/engineering, paper, packaging, aerospace/defense, automotive, capital goods); healthcare (pharmaceuticals, medical products, diagnostics); and leisure (restaurants, gaming, holiday parks, cinemas, hotels). CBPE was formed in 1984 and is based in London.

DEAL STATS #
Overall 5 of 39
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 1 of 8
Country (United Kingdom) 5 of 38
Year (2005) 1 of 2
Size (of disclosed) 18 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-01 Aqualisa Products

Kent, United Kingdom

Aqualisa Products is the designer and manufacturer of a range of digital, mixer and electric showers and accessories. Aqualisa Products was founded in 1976 and is based in Kent, United Kingdom.

Buy €82M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-05 IDIS

Weybridge, United Kingdom

IDIS is a market leading importer and supplier of unlicensed pharmaceuticals. Its core activity is the sourcing and supply (with appropriate regulatory approval) of drugs which are currently unlicensed within a domestic territory from an overseas territory where they are licensed. IDIS provides its services on an International basis.

Buy £22M
Mergr

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