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New Deal


Announced

Tribal Group to acquire Crimson Consulting for £10m.

Financials

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

Tags

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United Kingdom

Customer Relationship Management

Private

Acquisition

customer relationship management

Friendly

Pending

Single Bidder

Majority

Synopsis

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Tribal Group, a provider of software and services to the international education management market, agreed to acquire Crimson Consulting, a provider of customer relationship management, for £10m ($12m). "The acquisition of Crimson provides our current customers with complementary functionality and delivers to our vision of empowering the end to end student lifecycle. We warmly welcome all customers who are new to Tribal and look forward to fully supporting them with their organisation's needs into the future, and also welcome the whole Crimson team to Tribal," Mark Pickett, Tribal's Chief Executive Officer.

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