Achilles Is Acquired by BDC

Technology & Services

Achilles, a portfolio company of Hg, acquisition by BDC


Summary

Achilles Information Limited (“Achilles” or the “Company”), a portfolio company of Hg, has agreed to be acquired by Bridgepoint Development Capital (“BDC”). The transaction is expected to close in October 2021. Terms of the transaction were not disclosed. The transaction is subject to various regulatory approvals and customary closing conditions.

Baird served as a financial advisor to Achilles Information Limited on this transaction.

About

Founded in 1990, Achilles is a global leader and partner of choice for supply chain risk and performance management. Achilles provides sector leading insight on issues such as sustainability, modern slavery and equality, diversity and inclusion, as well as cybersecurity, enabling better, value added decision making for customers. Its solutions serve the smallest micro businesses to FTSE 100 companies. Achilles is headquartered in Oxfordshire, the United Kingdom.

Hg is a leading investor in software and services, focused on backing businesses that change how we all do business. Hg has funds under management of over $37 billion, with an investment team of over 140 professionals, plus a portfolio team of more than 35 operators, providing practical support to help businesses to realise their growth ambitions. Based in London, Munich and New York, Hg has a portfolio of over 35 software and technology businesses, worth around $70 billion aggregate enterprise value, with over 55,000 employees globally, growing at over 20% per year.

Bridgepoint Group plc is the world’s leading quoted private assets growth investor focused on the middle-market with over €28 billion AUM. BDC is Bridgepoint’s Lower Mid-Cap fund focused on buyouts and growth capital investments across six sectors: Business Services, Consumer, Financial Services, Healthcare, Manufacturing & Industrials and Technology & Media in France, the Nordic region and the United Kingdom. Whilst partnering with businesses in the lower middle-market, BDC is able to draw on the scale, resources and network of the Bridgepoint Group plc, thereby providing additional insight and access to opportunities to accelerate the growth prospects of portfolio companies.
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Technology & Services

Achilles, a portfolio company of Hg, acquisition by BDC

Date
September 2021
Company
Achilles Information Limited
Transaction
M&A - Sellside
Sectors
Technology & Services
Verticals
Testing, Inspection, Certification & Compliance ("TICC")
Application Software
Business Process Outsourcing
Facility, Industrial, Rental & Environmental ("FIRE") Services
IT Services, Security & Networking
Internet & Communications
Technology
Media & Telecommunications
Target Location
Europe
Acquiror Location
Europe

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