M&A Deal Summary

Vela Software Acquires Marque Group Solutions

On April 5, 2023, Vela Software acquired information technology company Marque Group Solutions from Pemba Capital Partners

Acquisition Highlights
  • This is Vela Software’s 1st transaction in the Information Technology sector.
  • This is Vela Software’s 2nd transaction in Australia.

M&A Deal Summary

Date 2023-04-05
Target Marque Group Solutions
Sector Information Technology
Buyer(s) Vela Software
Sellers(s) Pemba Capital Partners
Deal Type Add-on Acquisition

Target

Marque Group Solutions

Sydney, Australia
Marque Group Solutions provides mission-critical data, applications and insights to deliver outstanding customer experiences. Marque Group Solutions was established in 2017 and is based in Sydney, Australia.

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Buyer(S) 1

Buyer

Vela Software

Toronto, Ontario, Canada

Category Company
Sector Software
DESCRIPTION

Vela Software is a provider of software solutions to a number of vertical markets. Vela acquires, manages, and builds specific software businesses which provide specialized, mission-critical software solutions.


DEAL STATS #
Overall 7 of 9
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 5 of 7
Country (Australia) 2 of 2
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 Coreworx

Kitchener, Ontario, Canada

Coreworx, Inc. is a software and services company that provides integrated information management software solutions, including Engineering Document Management Systems, Interface Management, and Contract Management for the world's engineering and construction projects. Coreworx is based in Kitchener, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-14 Peakwork

Düsseldorf, Germany

Peakwork is a software specialist for the travel industry. Peakwork has created a leisure travel network that brings together global supply and demand for travel products. Peakwork international tour operators and service providers rely on the Peakwork solutions for dynamic packaging with connectivity to the worldwide hotel and flight providers. The flexible and internationally scalable travel distribution solutions are designed to cope with large traffic demands and benefit from the connection to global metasearch partners. Peakwork was founded in 2009 and is based in Düsseldorf, Germany.

Buy -

Seller(S) 1

SELLER

Pemba Capital Partners

Sydney, Australia

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Pemba Capital Partners is an independent private equity firm backed by the FirstRand Group focused on public and private company investments in Australia and New Zealand. Pemba looks to invest in profitable companies valued from $30 to $150 million AU. Pemba is a generalist investor, looking for opportunities in a variety of industries positioned for organic growth or growth through acquisitions. Pemba will not invest include early-stage or pure technology, hostile takeovers, property or construction, infrastructure, and agriculture or resources. Pemba Capital Partners was formed in 1998 and is based in Sydney, Australia.


DEAL STATS #
Overall 22 of 22
Sector (Information Technology) 3 of 3
Type (Add-on Acquisition) 8 of 8
Country (Australia) 21 of 21
Year (2023) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-21 Bepoz

North Melbourne, Australia

Bepoz is a provider of software, solutions and support systems for the hospitality sector. The group has developed an innovative suite of subscription based products for the hospitality sector. Bepoz was founded in 1973 and is based in North Melbourne, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-01 QVS

Stafford, Australia

QVS is a private, specialist hospital. QVS has expanded to provide specialised patient care across a range of disciplines via referrals from veterinarians. QVS was founded in 1982 and is based in Stafford, Australia.

Buy -