Good morning Eurohubsters, Nina Lindholm here with Friday’s Dealflow.
We’re focusing on tech this morning, as this week, the sector has seen some interesting deals. The Riverside Company picked up EnAppSys as an add-on for its Montel AS platform, Rheingold Capital acquired two cybersecurity firms and Livingbridge exited Red Box Recorders Group.
Now recording. Let’s start with the exit. Livingbridge sold Red Box Recorders Group, a provider of voice and data recording products to Uniphore Technologies.
Red Box is an open enterprise platform for capturing voice, screen, and metadata from conversations. The firm is headquartered in Nottingham and will continue to operate from there.
“This has been another successful technology investment for us, building Red Box from a UK compliance specialist into a global business with a leading proposition for enterprises seeking sovereignty over their data and access to a new world of AI and automation solutions,” said Adam Holloway, Livingbridge partner.
To find out how Red Box fits in with Uniphore’s portfolio, read our full coverage here.
For more tech and software reading, you can take a look at my round-up of recent deals in the sectors of fleet and traffic management. Equistone, Battery Ventures and Main Capital are among the PE firms that I mentioned in my piece. You can read it here.
If you’re looking for even more reading for the weekend, I wrote a deep dive on Carlyle’s recent acquisition of Groupe Lacour, a software provider for the automotive after-sales value chain.
Carlyle will enter new market segments and broaden Lacour’s product offering by utilising the “highly fragmented” automotive support software sector, Cyril Bourdarot, managing director with Carlyle Europe Technology Partners, told me.
You can read the full interview here to learn more about Carlyle’s other investments in the sector and the firm’s plans for Lacour.
Make it double. Next up, we have a two-in-one acquisition. Rheingold Capital, an affiliate of CEA Group, took 100 percent of Secure Information Management (SIM) and ATECS from Zech Group.
SIM Group is a manufacturer and supplier of advanced, customised electronic technology solutions for cybersecurity and intelligence applications. The firm’s digital services are offered across Europe, the Middle East, Asia as well as South and Central America.
ATECS, headquartered in Zug, Switzerland, is a manufacturer and provider of professional video, audio and special technology products.
“We will aim at capturing further expansion opportunities and enlarge the business footprint based on the company’s unique know-how and benefit from the fast-growing market for such solutions,” said Henning Walf, managing partner of Rheingold Capital.
CEA will support Rheingold as a strategic advisor, according to Rick Michaels, chairman at CEA.
“We will be looking at the opportunities for international expansion through both organic group acquisitions and international joint ventures where the markets would be appropriate for these types of services,” Michaels added.
Analytics. Earlier in the week, The Riverside Company snapped up EnAppSys, a data and analytics provider, as an add-on for its Montel AS platform.
Based in Middlesbrough in the UK, EnAppSys serves B2B clients across the energy market. The firm has a blue-chip customer base across 12 countries in Europe, the US and the UAE.
In September, Riverside acquired a majority stake in Montel, a Norwegian provider of energy and electricity market information.
“EnAppSys is extremely strong in Great Britain and Ireland, where Montel has limited operations, and provides a strong base in Benelux,” said Riverside Europe’s managing partner Karsten Langer. “Similarly, Montel is strong in the Nordics and DACH region, and has a fast-growing presence in France, Iberia and CEE, which will allow the combined group to serve pan-European markets with a more complete product offering.”
That’s all from me. I hope you all have a good weekend. Mine will include some running as my next race is only couple of months away now.