M&A Deal Summary

ZPG Acquires RVU

On April 30, 2015, ZPG acquired internet software and services company RVU from Lloyds TSB Development Capital for 160M GBP

Acquisition Highlights
  • This is ZPG’s 8th transaction in the Internet Software and Services sector.
  • This is ZPG’s largest (disclosed) transaction.
  • This is ZPG’s 9th transaction in the United Kingdom.
Investment Fate
  • RVU was divested to a consortium of strategic buyers in 2018.

M&A Deal Summary
Date 2015-04-30
Target RVU
Sector Internet Software and Services
Buyer(s) ZPG
Sellers(s) Lloyds TSB Development Capital
Deal Type Add-on Acquisition
Deal Value 160M GBP

Target

RVU

London, United Kingdom
RVU empowers people to make confident decisions with its unique set of brands, the excitement of a startup, and the strength of well-established, trusted household names. Uswitch.com is a comparison website for home services switching, helping consumers save money on their gas, electricity, broadband, TV, and phone. Confused.com is an insurance comparison platform that pioneering the way consumers make choices about financial services. Money.co.uk is a comparison website for financial services. Consumers can compare loans, credit cards, bank accounts, and insurance from more than 600 providers. Rastreator and LeLynx.fr are online comparison platforms in Spain and France respectively, helping consumers compare a range of financial services and home services products. Mojo Mortgages brings together smart tech and the best human mortgage experts to empower more consumers to access personalized mortgage recommendations. The company has the power to reach millions of consumers around the world, solving everyday complex problems through outstanding experiences. RVU was formed in 2000 and is based in London.

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Buyer(S) 1

Buyer

ZPG

London, United Kingdom
Category Company
Founded 2007
Sector Internet Software and Services
Revenue 198M GBP (2016)
DESCRIPTION

ZPG owns and operates home-related digital platforms including Zoopla, uSwitch, PrimeLocation, Hometrack, and Property Software Group. ZPG's mission is to provide the most useful resources for consumers when finding, moving, or managing their home and be the most effective partner for related businesses. ZPG was founded in 2007 and is based in London.

DEAL STATS #
Overall 9 of 16
Sector (Internet Software and Services) 8 of 11
Type (Add-on Acquisition) 6 of 13
Country (United Kingdom) 9 of 15
Year (2015) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-04 Trinity Mirror Digital Property

London, United Kingdom

Trinity Mirror Digital Property Ltd. owns a portfolio of property websites including SmartNewHomes.co.uk, the UK’s new homes portal; HomesOverseas.co.uk, a portal dedicated to overseas property listings; Email4Property.co.uk, an estate agent directory and lead generation website and Zoomf.com.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-19 The Property Software Group

Bedfordshire, United Kingdom

The Property Software Group is a provider of software and media solutions to the property industry. Its portfolio includes market leading software, web design services and a consumer facing property portal.

Buy £75M

Seller(S) 1

SELLER

Lloyds TSB Development Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 2.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Lloyds TSB Development Capital Ltd (LDC) is the private equity arm of Lloyds Banking Group Plc and invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. Lloyds TSB Development Capital Ltd was formed in 1981 and is based in London.

DEAL STATS #
Overall 85 of 198
Sector (Internet Software and Services) 1 of 9
Type (Add-on Acquisition) 38 of 94
Country (United Kingdom) 82 of 192
Year (2015) 4 of 11
Size (of disclosed) 9 of 61
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-23 Away Resorts

Hemel Hempstead, United Kingdom

Away Resorts is a holiday park owner and operator in the UK. It operates six major resorts in prime UK destinations, including Tattershall Lakes in Lincolnshire and Whitecliff Bay on the Isle of Wight, hosting almost 200,000 holiday-makers each year. Away Resorts was founded in 2007 and is based in Hemel Hempstead, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-12 Iglu.com

Wimbledon, United Kingdom

Iglu.com is a specialist online travel agent, targeting the UK market. Iglu.com was founded in 1998 and is based in Wimbledon, United Kingdom.

Buy £60M
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