7. Transparity swaps PE backers
Revenues of acquired company: £52m
Month: September
Rationale
This acquisitive Microsoft partner’s acquisition by Bowmark Capital in September is one of three secondary private equity buyouts featured in this countdown.
Bowmark took over from Beech Tree, whose four-year spell saw multiple acquisitions including AMT, Ballard Chalmers and DataShapa.
Bowmark “shares our vision for creating new jobs, upskilling in cloud and AI and a considered M&A strategy that looks at capability, scale and geography”, Transparity CEO Paul Bolt and Chairman David Jobbins said in a joint statement.
What happened next?
At the time the Bowmark deal was announced, Transparity also unveiled a new Cloud and AI skills academy that will qualify graduates for over 50 future roles at Transparity (in addition to roles at other Microsoft partners and tech firms across the UK).
See next page for 6 bigger deals…
