M&A Deal Summary

Vitruvian Partners Acquires Options

On October 16, 2024, private equity firm Vitruvian Partners acquired information technology company Options from ABRY Partners

Acquisition Highlights
  • This is Vitruvian Partners’ 9th transaction in the Information Technology sector.
  • This is Vitruvian Partners’ 27th transaction in the United Kingdom.

M&A Deal Summary

Date 2024-10-16
Target Options
Sector Information Technology
Buyer(s) Vitruvian Partners
Sellers(s) ABRY Partners
Deal Type Secondary Buyout
Advisor(s) Jefferies
Arma Partners LLP (Financial)

Target

Options

London, United Kingdom
Options provides outsourced financial technology and managed IT services to the global capital markets. Its clients include the leading global investment banks, hedge funds, funds of funds, proprietary trading firms, market makers, broker/dealers, private equity houses, and exchanges. Options was founded in 1993 and is based in London, United Kingdom.

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Buyer(S) 1

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 67 of 67
Sector (Information Technology) 9 of 9
Type (Secondary Buyout) 15 of 15
Country (United Kingdom) 27 of 27
Year (2024) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-03 Benify

Stockholm, Sweden

Benify is a provider of web-based total compensation management software and services to the Nordic market. The platform enables companies to communicate the full value of compensation and benefits to their employees, whilst at the same time simplifying and automating much of the associated administration by connecting directly into the systems of a broad range of benefits suppliers. Benify was formed in 2004 and is based in Stockholm, Sweden.

Sell -

Seller(S) 1

SELLER

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 102 of 103
Sector (Information Technology) 24 of 24
Type (Secondary Buyout) 33 of 33
Country (United Kingdom) 6 of 7
Year (2024) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-09 Blue Mantis

Portsmouth, New Hampshire, United States

Blue Mantis is a provider of product procurement services, project services, and maintenance and managed IT services for state, local, and education (SLED) institutions. Blue Mantis was founded in 1992 and is based in Portsmouth, New Hampshire.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-30 Innovisk

London , United Kingdom

Innovisk seeds develops and grows MGAs using data and analytics to aid product development and pricing, as well as improving efficiencies in underwriting operations and distribution. Innovisk was founded in 2017 and is based in London, England.

Sell -