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ROUND-UP DEALS

The Business Leader Deal Room

Business Leader highlights a selection of significant deals that have taken place in the last six months

Credit: Twitter @ VancityReynolds

LEISURE AllBright has announced the acquisition of Australian lifestyle platform ‘The Grace Tales’, founded by ex-Vogue Deputy Editor, Georgie Abay. The move follows three successful investment rounds led by Cain International, the privately held investment firm operating in the United States and Europe, raising a total of $42m in funds for the business.

MANUFACTURING Mid-market private equity firm LDC has exited its investment in ADEY, a solutions provider to protect water-based heating systems, to Polypipe Group plc (Polypipe), a sustainable water and climate management solutions firm for the built environment. The transaction values the business at £210m.

SPORT Hollywood actors Ryan Reynolds and Rob McElhenney have completed their takeover of Wrexham AFC - the Welsh National League football club. The duo have already announced that they will be investing £2m into the club, with a focus on growing women's football.

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LEISURE UK gift experience provider Virgin Experience Days will acquire the whole of Cloud 9 Living’s US operations. Virgin Experience Days will use the acquisition as a springboard for further growth into a US gift experience market estimated at $1bn, with substantial scope for future development.

SOFTWARE/TECHNOLOGY

SOFTWARE/TECHNOLOGY

Xero Limited has announced the €156m acquisition of Planday, a workforce management platform with more than 350,000 employee users across Europe and the UK that simplifies employee scheduling, allowing businesses to forecast and manage their labour costs.

Bentley Systems, the infrastructure engineering software company, has announced that it has entered into an agreement with investors led by Accel-KKR to acquire Seequent — a software firm for geological and geophysical modelling, for $1.05bn.

SOFTWARE/TECHNOLOGY

FINANCIAL SERVICES

Dropbox has announced it has entered into a definitive agreement to acquire DocSend, a secure document sharing and analytics company with more than 17,000 customers for $165m. The combination of Dropbox and DocSend will help customers across industries manage end-toend document workflows.

Specialist business advisory firm FRP has announced the acquisition of Spectrum Corporate Finance in a £9.4m deal. Founded in 2010 by Simon Davies, Clive Hatchard and Ian Milne, Spectrum is one of the largest independent corporate finance and debt advisory firms in the South of England.

April/May 2021