M&A Deal Summary

TodayTix Acquires Encore Tickets

On February 3, 2020, TodayTix acquired internet software and services company Encore Tickets from ECI Partners

Acquisition Highlights
  • This is TodayTix’s 1st transaction in the Internet Software and Services sector.
  • This is TodayTix’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2020-02-03
Target Encore Tickets
Sector Internet Software and Services
Buyer(s) TodayTix
Sellers(s) ECI Partners
Deal Type Add-on Acquisition

Target

Encore Tickets

London, United Kingdom
Encore is an official partner of over 160 theatres and attractions and has been working closely with venues, producers and cultural institutions for over 19 years to create exclusive ticket deals, access and unique experiences for Encore customers. Encore delivers largest and most international theatre audiences with the widest range of plays and shows in the West End and Broadway, with over 6 million West End theatre and 10 million attraction tickets on sale at any one time. The Business sells both direct to consumer through its B2C brands (Ovation Tickets, NewYorkTheatreGuide.com, BoxOffice.co.uk, and LondonTheatre.co.uk) as well as through its 1,500 B2B online, media and travel partners including TimeOut, lastminute.com, and Expedia. Its global specialist theatre distribution platform is underpinned by a proprietary technology platform. Encore was formed in 2000 and is headquartered in London.

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Buyer(S) 1

Buyer

TodayTix

New York, New York, United States

Category Company
Founded 2013
Sector Internet Software and Services
DESCRIPTION

TodayTix is a mobile-first ticketing platform in the performing arts market. TodayTix is the place for audiences to discover, explore, and engage with the best entertainment their city has to offer. TodayTix was founded in 2013 and is based in New York City.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

ECI Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 2.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

ECI Partners is a private equity firm focused on the smaller middle-market company that invests in growing businesses valued up to £300m. ECI looks for UK businesses or businesses with a substantial presence in the UK. Funds are generally used to support expansion, acquisitions, management buyouts, buy-ins, turnarounds, and refinancing. Target sectors include IT services, support services, Insurance, and SME services. ECI will not invest in early-stage companies. ECI Partners was formed in 1976 and has offices in London, Manchester, and New York.


DEAL STATS #
Overall 62 of 76
Sector: Internet Software and Services M&A 5 of 10
Type: Add-on Acquisition M&A Deals 33 of 39
Country: United Kingdom M&A 57 of 70
Year: 2020 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-06 MThree Consulting

London, United Kingdom

MThree Consulting is a global consultancy, providing technology services to leading financial services and tech companies. It recruits and trains STEM graduates to work as technologists in investment banks and technology companies around the world. MThree Consulting was founded in 2010 and is based in London, United Kingdom.

Sell $129M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-14 Auction Technology Group

London, United Kingdom

Auction Technology Group is an online marketplace that provides online auction platforms in multiple verticals. ATG's platform powers live and timed auctions across multiple verticals including art and antiques, classic cars, industrial & commercial, and consumer retail returns. Auction Technology Group was incorporated in 1971 and is based in London, England.

Sell -