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New Deal


Announced

TP Group acquired Sapienza Consulting Holding for $13.5m.

Financials

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Transaction Value£10m
Consideration TypeCash, Ordinary Shares, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Software

software development

defence

Private

Netherlands

Synopsis

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TP Group, the specialist services and engineering group, acquired Sapienza Consulting Holding, a privately-owned group of services and software companies serving the space and defence sectors, for $13.5m. Phil Cartmell, Chief Executive Officer of TP Group, commented: "We believe this acquisition enhances our unique business by further augmenting our ability to deliver services and skills into highly complex and critical environments. The combination of the two businesses presents a compelling opportunity for future success."

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