M&A Deal Summary

Xerox Acquires Arena Group

On January 30, 2020, Xerox acquired software company Arena Group from MML

Acquisition Highlights
  • This is Xerox’s 7th transaction in the Software sector.
  • This is Xerox’s 6th transaction in the United Kingdom.

M&A Deal Summary
Date 2020-01-30
Target Arena Group
Sector Software
Buyer(s) Xerox
Sellers(s) MML
Deal Type Add-on Acquisition

Target

Arena Group

West Yorkshire, United Kingdom
Arena Group specializes in hard copy and electronic document management. Arena Group provides the hardware, software, service, and expertise that enables organizations to cut costs, improve efficiencies and become greener.

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Buyer(S) 1

Buyer

Xerox

Norwalk, Connecticut, United States
Category Company
Founded 1906
Sector Business Services
Employees18,700
Revenue 6.9B USD (2023)
DESCRIPTION
Xerox office in downtown Chicago, Illinois.
Xerox office in downtown Chicago, Illinois.

Xerox is a provider of business process and document management services worldwide. Xerox was founded in 1906 and is based in Norwalk, Connecticut.

DEAL STATS #
Overall 42 of 49
Sector (Software) 7 of 8
Type (Add-on Acquisition) 39 of 46
Country (United Kingdom) 6 of 7
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-06 Rabbit Office Automation

Sunnyvale, California, United States

Rabbit Office Automation is a San Francisco Bay Area owned and operated provider of copy machines and document and print management solutions for small- and medium-sized businesses in many industries throughout Northern California and beyond. ROA offers business solutions featuring the most technologically advanced copiers, office equipment, supplies, and software on the market, as well as full-service and tailored programs to meet the evolving demands of customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-28 CareAR

Austin, Texas, United States

CareAR, Inc. is an augmented reality support platform company that provides real-time access to expertise for customers, employees, and field workers. CareAR software, remote agents, and experts can virtually see the situation and visually guide a solution using a suite of augmented reality tools via desktop, mobile, and smart glass devices as if they were in-person. CareAR is based in Austin, Texas.

Buy -

Seller(S) 1

SELLER

MML

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

MML Capital Partners is an investment firm that targets subordinated debt and traditional private equity investments across the US and Europe. MML Capital looks for transactions requiring €5 million and €200 million of capital to support expansion financing, management buyouts, recapitalizations, leveraged buyouts, and take privates. MML Capital invested more than €2 billion across 11 countries. MML Capital was formed in 1988 and has offices in London, Paris, and Stamford, Connecticut.

DEAL STATS #
Overall 28 of 36
Sector (Software) 1 of 1
Type (Add-on Acquisition) 7 of 10
Country (United Kingdom) 12 of 17
Year (2020) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-17 ARO

Godalming, United Kingdom

ARO is a provider of business-critical services to UK SMEs and mid-market customers, including mobile, fixed-line, hosted telephony, data, IT and energy solutions. ARO was established in 2005 and is based in Godalming, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-01 Spencer Ogden

London, United Kingdom

Spencer Ogden is an innovative global recruitment business specializing in providing skilled energy, infrastructure and engineering professionals on demand. Spencer Ogden was formed in 2010 and is based in London, United Kingdom.

Buy -
Mergr

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