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New Deal


Announced

Completed

FPE Capital-backed Optimity completed the acquisition of Pebble IT.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Single Bidder

software solutions

Software

Friendly

Private Equity

United Kingdom

Majority

Completed

iOS softwares

server solution

Synopsis

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FPE Capital-backed Optimity, a connectivity, IT, and managed services provider, completed the acquisition of Pebble IT, a software solutions provider. Financial terms were not disclosed. The acquisition will help Optimity to accelerate strong organic growth in managed services and in the provision of smart, secure and intelligent IT solutions for campus and workplace environments. “We are delighted that Optimity is bringing the high quality team and customer base of Pebble IT into the business. This will strengthen the already strong growth the business is seeing in provision of managed services to central London businesses,” David Barbour, FPE Capital Managing Partner.

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