M&A Deal Summary

York Private Equity Acquires Cennox

On June 22, 2021, private equity firm York Private Equity acquired business services company Cennox from BGF and Cennox

Acquisition Highlights
  • This is York Private Equity’s 1st transaction in the Business Services sector.
  • This is York Private Equity’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2021-06-22
Target Cennox
Sector Business Services
Buyer(s) York Private Equity
Sellers(s) BGF
Cennox
Deal Type Secondary Buyout

Target

Cennox

Surrey, United Kingdom
Cennox provides ATM services and technology business. The ATM division supplies a range of sector-specific services to banks and ATM service businesses including parts supply, project and field services, and signage. Cennox was founded in 2004 and is based in Surrey, England.

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Buyer(S) 1

Buyer

York Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
Size Large
Type Sector Agnostic
DESCRIPTION

York Private Equity is the direct investing arm of asset manager and hedge fund York Capital Management. York Private Equity looks to fund a variety of transaction situations including founders seeking liquidity, consolidations, recapitalizations, and corporate divestitures. Sectors of interest include consumer, business services, financial services, healthcare, and industrials. York Private Equity is based in New York City.

DEAL STATS #
Overall 4 of 7
Sector (Business Services) 1 of 2
Type (Secondary Buyout) 3 of 4
Country (United Kingdom) 1 of 1
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 F1 Payments

Austin, Texas, United States

F1 Payments a fintech company focused on increasing business velocity for all constituents in the payments ecosystem. F1 Payments delivers quick, secure, and easy-to-use payment services to financial agents, merchants, and institutions. F1 Payments is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-29 AMC Health

New York, New York, United States

AMC Health provides advanced, real-time, analytics-driven, virtual care solutions that have driven outstanding and measurable outcomes to hundreds of thousands of patients across the healthcare continuum, including payers, provider systems, and governmental agencies. Its FDA Class II cleared, clinical decision support platform is combined with end-to-end, clinical, and support RPM services that enable healthcare organizations to confidently extend their services beyond the four walls of a hospital and ambulatory clinic settings. AMC Health's unparalleled corpus of peer-reviewed, published studies highlights clinical improvements for conditions including heart failure, diabetes, and hypertension, resulting in reductions in hospital admissions and substantial financial returns on investment. AMC Health was formed in 2002 and is based in New York, New York.

Buy -

Seller(S) 2

SELLER

BGF

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2011
PE ASSETS 2.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Business Growth Fund (BGF) is a private investment firm focused on early and growth-stage investing across the UK. The Firm also invests in publicly traded companies. BGF's growth team looks to invest £1 to £15 million in small to mid-sized companies looking for additional capital to pursue growth. BGF was established in 2011 and is headquartered in London.

DEAL STATS #
Overall 51 of 92
Sector (Business Services) 8 of 10
Type (Secondary Buyout) 16 of 26
Country (United Kingdom) 48 of 87
Year (2021) 9 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-04 ROI Media

Manchester, United Kingdom

ROI Media is a lead generation technology company that allows small businesses to rent a highly optimized website which attracts more leads and ultimately boosts sales for these companies. ROI’s innovative proposition has had success in the home improvement and maintenance sector and is scaleable across different geographies and sectors. ROI Media was founded in 2018 and is based in Manchester, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-29 Sycurio

Surrey, United Kingdom

Sycurio is a provider of fraud prevention software necessary for companies to take secure customer payments over the phone. Sycurio technology masks the tones from a cardholder’s telephone and replaces them with an unrecognizable flat tone. Sycurio was founded in 2009 and is based in Surrey, United Kingdom.

Sell -
SELLER

Cennox

Surrey, United Kingdom
Category Company
Founded 2004
Sector Business Services
DESCRIPTION

Cennox provides ATM services and technology business. The ATM division supplies a range of sector-specific services to banks and ATM service businesses including parts supply, project and field services, and signage. Cennox was founded in 2004 and is based in Surrey, England.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Secondary Buyout) 1 of 1
Country (United Kingdom) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-02 Bancsource

Springfield, Missouri, United States

Bancsource is a nationwide maintenance service (equipment) provider to more than 1,500 banks and retailers. Key technology serviced includes ATMs, smart safes, teller cash dispensers, teller cash recyclers, drive-up banking, branch banking equipment, and other banking technology. Bancsource was founded in 1979 and is based in Springfield, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 FireKing

New Albany, Indiana, United States

FireKing is a manufacturer of fireproof, impact-resistant, document retention and data storage systems. FireKing was founded in 1951 and is based in New Albany, Indiana.

Buy -
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