M&A Deal Summary

Trustmarque Acquires Livingstone Technologies

On February 2, 2023, Trustmarque acquired financial services company Livingstone Technologies from The Carlyle Group

Acquisition Highlights
  • This is Trustmarque’s 1st transaction in the Financial Services sector.
  • This is Trustmarque’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2023-02-02
Target Livingstone Technologies
Sector Financial Services
Buyer(s) Trustmarque
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)

Target

Livingstone Technologies

Reading, United Kingdom
Livingstone Technologies is an independent, data and tool-agnostic provider SAM managed services and a trusted partner to complex multinational corporations. The company combines proprietary technology, large vendor licensing expertise and proven methodologies to produce accurate SAM intelligence. Livingstone Technologies is based in Reading, England.

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Buyer(S) 1

Buyer

Trustmarque

York, United Kingdom

Category Company
Founded 1987
Sector Information Technology
Employees620
Revenue 192M GBP (2015)
DESCRIPTION

Trustmarque is a specialized hardware and software reseller and provider of managed services in the UK. The Company works with an extensive network of more than 900 partners to find the most relevant and cost-efficient solutions for UK public sector, healthcare, and enterprise customers. Trustmarque was founded in 1987 and is based in York, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Financial 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: 2023 M&A 1 of 1

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 462 of 488
Sector: Financial Services M&A 32 of 35
Type: Add-on Acquisition M&A Deals 194 of 202
Country: United Kingdom M&A 33 of 37
Year: 2023 M&A 3 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Totoku

Tokyo, Japan

Totoku manufactures and markets electric wires, wire related products, electric components, and electric equipment. Totoku was founded in 1940 and is based in Tokyo, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-03 Vigor Industrial

Portland, Oregon, United States

Vigor Industrial is a diversified industrial business specializing in shipbuilding, ship repair, and handling important, complex projects in support of energy generation, the nation’s infrastructure, and national defense. With a deep respect for people and the planet, the company strives to be a positive, regenerative force for good environmentally, in the lives of its employees and in the community. Vigor Industrial was formed in 1916 and is based in Portland, Oregon.

Sell -