M&A Deal Summary

XploITe Acquires Anix IT

On April 23, 2007, XploITe acquired information technology company Anix IT from ECI Partners for 10M GBP

Acquisition Highlights
  • This is XploITe’s 1st transaction in the Information Technology sector.
  • This is XploITe’s 0th largest (disclosed) transaction.
  • This is XploITe’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2007-04-23
Target Anix IT
Sector Information Technology
Buyer(s) XploITe
Sellers(s) ECI Partners
Deal Type Add-on Acquisition
Deal Value 10M GBP

Target

Anix IT

Shropshire
, United Kingdom
Anix IT is a IT infrastructure and services provider.

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Buyer(S) 1

Buyer

XploITe

Gatwick, United Kingdom

Category Company
Founded 1999
Sector Information Technology
Employees118
DESCRIPTION

XploITe Plc is a provider of IT services in UK.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2007) 1 of 1

Seller(S) 1

SELLER

ECI Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 2.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

ECI Partners is a private equity firm focused on the smaller middle-market company that invests in growing businesses valued up to £300m. ECI looks for UK businesses or businesses with a substantial presence in the UK. Funds are generally used to support expansion, acquisitions, management buyouts, buy-ins, turnarounds, and refinancing. Target sectors include IT services, support services, Insurance, and SME services. ECI will not invest in early-stage companies. ECI Partners was formed in 1976 and has offices in London, Manchester, and New York.


DEAL STATS #
Overall 31 of 76
Sector (Information Technology) 7 of 13
Type (Add-on Acquisition) 19 of 39
Country (United Kingdom) 30 of 70
Year (2007) 2 of 5
Size (of disclosed) 30 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-30 Premier Care

South Daytona, Florida, United States

Premier Care provides safe bathing solutions for seniors, veterans, those with limited mobility, or people living with disabilities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-30 Nuaire

Caerphilly, United Kingdom

Nuaire is a manufacturer and distributor of ventilation systems for the commercial, residential and OEM markets.

Sell £83M