![]() |
|
Anite Public Sector in £54m deal
Northgate Information Solutions, a software company serving the local government and criminal justice public services market, has acquired Anite Public Sector Holdings, an international software company focused on the wireless telecoms, public sector and travel markets, for £54 million.
The deal is subject to parent company, Anite, settling a payment of £3.8 million owed to Anite Public Sector and a working capital adjustment.
The £54 million transaction comes on the back of private equity firm Kohlberg Kravis Roberts & Co’s takeover of Northgate and marks the first step in the PE house’s plans to expand its portfolio company’s public service business through a strategic acquisition.
David Meaden, Northgate chief executive, said: “We are committed to supporting public service excellence, building and developing innovative partnerships with our clients to transform public services and place the citizens’ needs at their heart. This deal will help us to provide them with the enhanced services and solutions, which form an integral part of the transformation.”
The company works with local authorities and the police force. Its services are used in the administration of more than £12 billion of revenues and benefits; in electoral administration systems; in the national system for reporting police performance; and in the management of more than three million local authority and housing association properties worldwide.

Other M&A Deals
- British team buys TelecomFM Oct 24 2008
- Resaca returns to Texas
with AIM cash Jul 17 2008 - Accessories 4 Technology's £4m boost Nov 28 2008
- Equest takes Heitman shopping in Bulgaria Nov 26 2008
Special Offers
- 2008 AIM Guide: Jul 17 2007
- Growth Company Investor Magazine: Jul 17 2007
- Cash Shells 2007 - Research report Jul 17 2007
- Venture Capital Trusts Jul 04 2007
M&A News
- ESI Group’s US software deal Dec 01 2008
- Adecco takes controlling stake in DNC Dec 01 2008
- Cardiff to establish venture fund Nov 28 2008
- Kay Technologies receives £1.8m windfall Nov 28 2008
- Dolphin buys Software Express Nov 27 2008
M & A Events
- Quoted Company Awards 2009 28th January
- The Canaccord Adams Media Magnate Awards 26th March
- Rosenblatt New Energy Awards 2009 27th February
- M&A Awards 2009 18th February
Business Diary
- M&A Expanding internationally 27th November
- Rosenblatt New Energy Awards 2009 25th February
