M&A Deal Summary

Sage Acquires Logic Control SL

On June 23, 2005, Sage acquired software company Logic Control SL from Investindustrial, BS Private Equity and Bowmark Capital for 82M EUR

Acquisition Highlights
  • This is Sage’s 7th transaction in the Software sector.
  • This is Sage’s 9th largest (disclosed) transaction.
  • This is Sage’s 1st transaction in Spain.

M&A Deal Summary

Date 2005-06-23
Target Logic Control SL
Sector Software
Buyer(s) Sage
Sellers(s) Investindustrial
BS Private Equity
Bowmark Capital
Deal Type Add-on Acquisition
Deal Value 82M EUR

Target

Logic Control SL

Sabadell, Spain
Logic Control is a Spanish publisher of corporate business software and supplier of IT related services for SMEs (Small and Medium Enterprises).

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Buyer(S) 1

Buyer

Sage

Newcastle upon Tyne, United Kingdom

Category Company
Founded 1981
Sector Software
Employees10,740
Revenue 2.3B GBP (2024)
DESCRIPTION
Sage office in Reston, Virginia.
Sage office in Reston, Virginia.

Sage provides business management software and services for small and medium-sized businesses. Sage was founded in 1981 and is based in Newcastle upon Tyne, United Kingdom.


DEAL STATS #
Overall 7 of 36
Sector: Software M&A 7 of 29
Type: Add-on Acquisition M&A Deals 6 of 30
Country: Spain M&A 1 of 1
Year: 2005 M&A 1 of 2
Size (of disclosed) 9 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-19 Sage ERP Accpac

Pleasanton, California, United States

Sage ERP Accpac is a provider of end-to-end business management applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-01 Salvia Développement SAS

Paris, France

Salvia Développement SAS is a provider of business management software for social landlords, local authorities and developers. Salvia Développement was founded in 1986 and is based in Paris, France.

Buy -

Seller(S) 3

SELLER

Investindustrial

London, United Kingdom

Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 11.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Investindustrial is an investment firm focused on creating global leaders through organic growth and acquisitions. The Firm is operationally driven and seeks opportunities in Southern Europe. Areas of interest include services, consumer, retail, leisure, and industrial manufacturing. Investindustrial has offices in London, Luxembourg, Milan, Lugano, Barcelona, Shanghai, and New York.


DEAL STATS #
Overall 3 of 35
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 16
Country: Spain M&A 1 of 13
Year: 2005 M&A 1 of 2
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-22 Gardaland Srl

Castelnuovo del Garda Verona, Italy

Gardaland is the biggest theme park in Italy and one of the largest in Europe, with approximately 3 million visitors per year.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 Avincis

Alicante, Spain

Grupo Inaer (www.grupoinaer.com) is consolidating its leadership in the emergency and mission critical European helicopter services market both by reinforcing organic growth in the domestic market and by implementing selective international bolt-on acquisitions. The company operates as a concession business with strong sales visibility.

Buy €205M
SELLER

BS Private Equity

Milan, Italy

Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

BS Private Equity is a private equity firm that targets management buyouts and buy-ins of Italian manufacturing and service based businesses. BS Private Equity began investing in 1989 and today looks for businesses requiring an average equity investment of €30 million. BS Private Equity was formed in 1989 and is based in Milan. BS Private Equity has been in liquidation since 2011.


DEAL STATS #
Overall 1 of 14
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 5
Country: Spain M&A 1 of 1
Year: 2005 M&A 1 of 1
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-21 IP Cleaning

Summaga, Italy

IP Cleaning SPA (IPC Group) is a provider of professional cleaning solutions for commercial markets. The company designs and manufactures professional cleaning machines and equipment.

Buy €220M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-01 CastFutura

Terno D'isola, Italy

CastFutura S.p.A. is a manufacturer of components for appliances and heating equipment, with leading market positions in Europe, Middle East, North Africa and Poland. The company is based in Italy, and it has manufacturing facilities in Italy, Hungary, Egypt, Bulgaria and Poland.

Buy -
SELLER

Bowmark Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 2.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Bowmark Capital is a private equity firm that targets investments in smaller, growth-oriented companies based in the UK. Bowmark considers investments across a range of industries with a strong interest in Business & Financial Services, Consumer & Leisure, Education & Training, Healthcare, Media, and Technology. Bowmark funds individual equity investments of up to £200 million and focuses on investing in UK companies which are valued between £25 million and £300 million. Bowmark was formed in 1997 and is based in London, United Kingdom.


DEAL STATS #
Overall 3 of 33
Sector: Software M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 7
Country: Spain M&A 1 of 1
Year: 2005 M&A 3 of 3
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-05 RDF Media Group

London, United Kingdom

RDF Media Group PLC is one of the UK’s leading independent television production companies, producing programmes such as Wife Swap, Faking It, Dream Holiday Home and Scrapheap Challenge. Recently, RDF’s performance and prospects have been enhanced through implementation of the 2003 Communications Act, reinforcing the transfer of programme rights’ value from broadcasters to production companies. Zodiak Media was created in June 2010 following the acquisition of the RDF Media Group, one of the UK’s largest independent production and distribution companies with operations in the UK and the US.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-15 Kingswood Educational Group

Norwich, United Kingdom

Kingswood operates 16 centres in the UK and one in France, which provide residential and day educational activity courses to primary and secondary school groups. The business provides these services to approximately 130,000 children per year from over 2,500 schools. It also operates a summer camp business trading under the Camp Beaumont brand name. EAT was created through the merger of the School Travel Group (STG) and Kingswood Educational Group (Kingswood) in October 2007.

Buy -