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New Deal


Announced

Completed

Apse Capital completed the acquisition of TerraQuest Solutions from Mears Group for $95m.

Financials

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Transaction Value£72m
Consideration TypeContingent Deferred Consideration, Cash, Loan Notes
Capital Owned-
Capital Bid For100%
EV/Sales3.4x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Disposal

Single Bidder

technology services

Digital Services

data services

United Kingdom

Majority

Domestic

Acquisition

Private Equity

Friendly

digital mailroom

Completed

Synopsis

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Apse Capital, a private equity firm, completed the acquisition of TerraQuest Solutions, a digital services provider, from Mears Group, a housing and social care provider, for $95m. “We are impressed by TerraQuest’s outstanding growth to date and its talented management team, who have successfully positioned the business at the heart of the UK planning sector. We look forward to working together to embark on the next step of the company’s growth journey and help it further digitise the land referencing and planning process,” Tim Green, Apse Capital Managing Partner.

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