M&A Deal Summary

Vitruvian Partners and Avenue Capital Group Acquire OAG

On February 16, 2017, private equity firm Vitruvian Partners and asset manager Avenue Capital Group acquired information services company OAG from AXIO Data Group Holdings

Acquisition Highlights
  • This is Vitruvian Partners’ 1st and Avenue Capital Group’s 1st transaction in the Information Services sector.
  • This is Vitruvian Partners’ 19th and Avenue Capital Group’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2017-02-16
Target OAG
Sector Information Services
Buyer(s) Vitruvian Partners
Avenue Capital Group
Sellers(s) AXIO Data Group Holdings
Deal Type Divestiture

Target

OAG

Luton, United Kingdom
OAG is a major flight information company that provides accurate, timely and actionable digital information and applications to the world’s airlines, airports, government agencies and travel-related service companies. OAG was founded in 1929 and is based in Luton, United Kingdom

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Buyer(S) 2

Buyer

Vitruvian Partners

London, United Kingdom
Category Private Equity Firm
Founded 2006
PE ASSETS 8.5B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Vitruvian Partners is an independent private equity firm that specializes in middle-market buyouts, growth buyouts and growth capital investments in the UK and elsewhere in Northern Europe. Vitruvian looks for companies that are 'operating in dynamic situations, where there is an opportunity to build strategic value'. The Group's target investment size is £25 to £150 million in transactions valued up to £500 million. Sectors of interest include business services, consumer services, financial services, life science, healthcare services, media, technology, communications, and internet software. Vitruvian Partners was formed in 2006 and is based in London.

DEAL STATS #
Overall 29 of 67
Sector (Information Services) 1 of 1
Type (Divestiture) 5 of 5
Country (United Kingdom) 19 of 27
Year (2017) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-13 Phlexglobal

Chesham, United Kingdom

Phlexglobal is a provider of technology enabled document management solutions and other support services to the global clinical research market. Phlexglobal was established in 1997 and is headquartered in Chesham, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-21 CFC Underwriting

London, United Kingdom

CFC Underwriting is a specialist insurance provider, a pioneer in emerging risk, and a market leader in cyber, serving more than 100,000 businesses in over 90 countries. CFC Underwriting was founded in 1999 and is based in London, United Kingdom.

Buy -
Buyer

Avenue Capital Group

New York, New York, United States
Category Asset Manager
Founded 1995
PE ASSETS 11.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Avenue Capital Group is a private investment firm focused on acquiring a range of public and private securities. Avenue will consider opportunities throughout the US, Europe, and Asia and generally targets distressed assets, including businesses undergoing turnarounds, bankruptcy, reorganizations, and liquidations. Avenue was formed in 1995 and is based in New York City.

DEAL STATS #
Overall 7 of 9
Sector (Information Services) 1 of 1
Type (Divestiture) 2 of 2
Country (United Kingdom) 2 of 2
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-16 C.P. Crane

Baltimore, Maryland, United States

C.P. Crane owns and operates the 399-megawatt C.P. Crane coal-fired power plant. C.P. Crane is based in Baltimore, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-05 Selcom Elettronica

Bologna, Italy

Selcom Elettronica is an Italian company in the engineering, industrialisation and production of electronic components for all types of applications (automotive, telecommunication, industrial automation). Selcom Elettronica was founded in 1979 and is based in Bologna, Italy.

Buy -

Seller(S) 1

SELLER

AXIO Data Group Holdings

London, United Kingdom
Category Company
Founded 2012
Sector Information Technology
Employees1,830
DESCRIPTION

AXIO Data Group Holdings manages a portfolio of market major information businesses. Company serve customers in a range of sectors including: healthcare, aviation, forest products and intellectual property licensing. Company provide critical, often industry-standard, information and tools to help clients make high value decisions.

DEAL STATS #
Overall 7 of 9
Sector (Information Services) 2 of 3
Type (Divestiture) 6 of 8
Country (United Kingdom) 2 of 2
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-07 Vidal Group

Issy-les-Moulineaux, France

Vidal Group is a European healthcare informatics and information systems company. The company provides hospitals primary care physicians, pharmacists and patients across Europe with access to up-to-date drug databases and related treatment-based information, and so brings drug intelligence and clinical decision support tools directly to the point of care. Headquartered in Paris, and offering the gold standard reference product for healthcare professionals in France, the business has operations in a number of European countries including France, Germany and Spain, and has recently expanded its sales to Latin America and the Middle East.

Sell €100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-03 RISI

Bedford, Massachusetts, United States

RISI, Inc. is a provider of price reporting agency (“PRA”) for the global forest products market. Its product suite consists of pricing data, mill intelligence and analytics as well as news, research and conferences covering the pulp, packaging, wood products, wood fibre and saw logs markets. Its price indices are critical to the daily business operations and trading activities of major paper and board, packaging and other forest-product companies.

Sell $125M
Mergr

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