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Press Release: Civica [July 24, 2017]

Partners Group to acquire Civica, a leading UK-based provider of software and services

Baar-Zug, Switzerland, 24 July 2017. Partners Group, the global private markets investment manager, has agreed to acquire Civica ("the Company"), a leading UK-based provider of specialist software, digital solutions and outsourcing services, on behalf of its clients. The Company is being acquired from OMERS Private Equity, the private equity arm of OMERS, the pension plan for municipal employees in Ontario, Canada, in a transaction that gives the business an enterprise value of just over GBP 1 billion.

Founded in 2002 and headquartered in London, Civica provides business-critical software and technology-based outsourcing services to both public sector organizations and to commercial organizations in highly regulated sectors. The Company has a highly diversified customer base, including local and central governments, healthcare providers, housing associations, schools, and police and fire services, serving 2,000 major customers in ten countries. Its software and services support functions ranging from financial management and tax & benefits processing to medical records management and are used by over two million professionals every day, streamlining the services provided to 100 million people and businesses. Civica employs approximately 3,700 employees and has established offices in the UK and Ireland, Australia, Singapore, India and North America.

Following the acquisition, Partners Group will work with Civica's management team, led by Founder and Executive Chairman Simon Downing and CEO Wayne Story, to expand the Company both organically and through select acquisitions, with a particular focus on accelerating Civica's growth in existing international hubs such as Australia and Singapore.

Simon Downing, Chairman of Civica, states: "We are very happy to join forces with Partners Group, which shares the same purpose and mission as we do at Civica: to put our clients at the center of what we do and to be a highly reliable and value-adding partner for the long term. We are also excited to continue to substantially invest in our leading software platform and to help our clients to prosper in times of change."

Wayne Story, CEO of Civica, adds: "We are pleased to welcome Partners Group as our new owner and look forward to building further on the strong momentum we have experienced over the last few years. Civica's solutions are mission-critical to key public organizations and commercial firms in regulated markets, helping our customers to automate processes and raise service standards, while keeping costs under control. Partners Group brings highly relevant experience and relationships to help us build our business further in the UK as well as continuing to expand internationally."

Bilge Ogut, Managing Director, Private Equity Europe, Partners Group, comments: "We have been impressed by Civica's track record of long-term growth. We see our investment as an opportunity to back a high-quality market leader in a sector with evolving customer needs and the potential to gain scale through select acquisitions. Local and regional governments everywhere are digitalizing their processes in order to offer more cost-effective and user-friendly services to the public and Civica has the necessary expertise in supporting digitalization and efficiency gains in the public sector. We are excited to work with Civica under Simon and Wayne's leadership and to continue to grow the business."


Summary: Partners Group, the global private markets investment manager, has agreed to acquire Civica, a leading UK-based provider of specialist software, digital solutions and outsourcing services, on behalf of its clients. The Company is being acquired from OMERS Private Equity, the private equity arm of OMERS, the pension plan for municipal employees in Ontario, Canada, in a transaction that gives the business an enterprise value of just over GBP 1 billion.
Publication Year:2017
Type of Material:Press Release
LanguageEnglish
Date Issued:July 24, 2017
Publisher:Civica
Company:
Company: Civica
Subject: Mergers and acquisitions
Permalink: https://librarytechnology.org/pr/23240

LTG Bibliography Record number: 23240. Created: 2018-02-17 22:22:07; Last Modified: 2018-02-17 22:22:39.