M&A Deal Summary

Turntide Technologies Acquires AVID Technology

On June 30, 2021, Turntide Technologies acquired automotive company AVID Technology from Maven Capital Partners

Acquisition Highlights
  • This is Turntide Technologies’ 1st transaction in the Automotive sector.
  • This is Turntide Technologies’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2021-06-30
Target AVID Technology
Sector Automotive
Buyer(s) Turntide Technologies
Sellers(s) Maven Capital Partners
Deal Type Add-on Acquisition

Target

AVID Technology

Northumberland, United Kingdom
AVID Technology is a provider in the design and manufacture of electrified powertrain components and systems for heavy-duty and high-performance electric (EV) and hybrid vehicles (HEV). AVID manufactures a range of electrified powertrain components including electric pumps and fans, battery systems, traction motors and power electronics used in electric and hybrid vehicles. AVID Technology was founded in 2004 and is based in Northumberland, United Kingdom.

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Buyer(S) 1

Buyer

Turntide Technologies

Sunnyvale, California, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

Turntide Technologies is a developer of smart motor system provides switched reluctance technology, now managed with advanced cloud software and connected to precise controls via IoT. Turntide Technologies is based in Sunnyvale, California.


DEAL STATS #
Overall 2 of 3
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: United Kingdom M&A 1 of 1
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Riptide IO

Santa Barbara, California, United States

Riptide IO, Inc. is a software company that focuses on helping building owners connect, manage and automate building equipment by bringing the full benefit of the Internet of Things (IoT) to commercial buildings. Riptide IO was founded in 2009 and is based in Santa Barbara, Callifornia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-08 Royal De Boer

Leeuwarden, Netherlands

Royal De Boer is a manufacturer of barn equipment such as feed fences, cubicles, ventilation and manure systems, operating one production plant. Royal De Boer was founded in 1869 and is based in Leeuwarden, Netherlands.

Buy -

Seller(S) 1

SELLER

Maven Capital Partners

Glasgow, United Kingdom

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 2009
PE ASSETS 760M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Maven Capital Partners UK LLP (MCP) invests in lower mid-market companies throughout the UK. The Firm also provides mezzanine financing. MCP focuses on profitable companies with proven track records, balanced management teams, and diverse products and services. Maven looks to invest £2 - £20 million in businesses valued from £10 - £40 million. Sectors of interest include specialist manufacturing, health/pharmaceuticals, energy services, leisure, financial services, software and computer services, communication/IT, chemicals, food/beverage, media, consumer products, and support services. Types of transactions include MBOs, MBIs, BIMBOs, take privates, recapitalizations, and growth capital financings. Maven Capital Partners UK LLP was formed in 2009, following a management buyout of Aberdeen Asset Management's Private Equity division. Maven is based in Glasgow with additional offices in Aberdeen, Birmingham, Edinburgh, London and Manchester.


DEAL STATS #
Overall 44 of 86
Sector: Automotive M&A 1 of 3
Type: Add-on Acquisition M&A Deals 20 of 40
Country: United Kingdom M&A 43 of 84
Year: 2021 M&A 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-24 Guru Systems

London, United Kingdom

Guru Systems is a supplier of IoT (Internet of Things) hardware, software, and analytics solutions to clients such as energy companies, house builders and property developers, which are looking to reduce their carbon footprint and operating costs, meet their regulatory obligations and deliver the most cost-effective service to their own customers. Guru Systems was founded in 2012 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-06 eSafe Global

Salford, United Kingdom

eSafe Global is a specialist software and service provider focused on safeguarding and monitoring risk across the UK educational sector. eSafe Global was founded in 2009 and is based in Salford, United Kingdom.

Sell -