Add-on Acquisition • Financial Services

Wesleyan Group Acquires Syscap

On February 20, 2015, Wesleyan Group acquired financial services company Syscap from AnaCap

Acquisition Context
  • This is Wesleyan Group’s 1st transaction in the Financial Services sector.
  • This is Wesleyan Group’s 2nd transaction in the United Kingdom.

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M&A Deal Summary

Date February 20, 2015
Target Syscap
Sector Financial Services
Buyer(s) Wesleyan Group
Sellers(s) AnaCap
Deal Type Add-on Acquisition
Advisor(s) Marriott Harrison (Legal)

Target Company

Syscap

London, United Kingdom
Syscap Ltd. which specialises in IT leasing and asset finance.
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Buyer Overview 1

Buyer

Wesleyan Group

Birmingham, United Kingdom

Category Company
Sector Financial Services
DESCRIPTION

Wesleyan Group is a UK mutual financial services firm.


Deal Context for Buyer #
Overall 2 of 2
Sector: Financial Services 1 of 1
Type: Add-on Acquisition 2 of 2
Country: United Kingdom 2 of 2
Year: 2015 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-22 Practice Plan

Oswestry, United Kingdom

Practice Plan Ltd. is the provider of practice-branded dental plans and insurance in the UK.

Buy -

Seller Profile 1

SELLER

AnaCap

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 2.7B EUR
Size Large
Type Sector Focused
DESCRIPTION

AnaCap is a specialist private equity firm focused on credit and direct investments in the financial services sector. AnaCap will consider opportunities throughout Europe and looks to partner with to build scalable and efficient businesses. Areas of interest include mortgage products, small-medium sized enterprise loans, insurance, factoring, healthcare receivables, debt collections, consumer credit, auto loans, and asset management. The Firm will consider funding both start-ups as well as existing businesses. AnaCap was formed in 2005 and is headquartered in London, United Kingdom.


Deal Context for Seller #
Overall 4 of 15
Sector: Financial Services 4 of 8
Type: Add-on Acquisition 2 of 7
Country: United Kingdom 4 of 8
Year: 2015 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-24 Brightside Insurance

Kent, United Kingdom

Brightside Insurance is an insurance broking business which distributes personal and commercial insurance products across UK, through both online and offline channels. Brightside Insurance was founded in 2001 and is based in Kent, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-10 Aldermore Group

Peterborough, United Kingdom

Aldermore is a retail bank which provides financial products and solutions to meet the needs of homeowners, landlords, savers and Small and Medium-Sized Enterprises (SMEs). Aldermore was formed in 2009 and is based in Peterborough, United Kingdom.

Sell -