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New Deal


Announced

Completed

Sovereign Capital completed the acquisition of Zenitech.

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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Private Equity

business consulting

tech services

Domestic

Single Bidder

Acquisition

United Kingdom

outsourced software

Majority

IT Services: Other

Friendly

Private

Completed

Synopsis

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Sovereign Capital, a buy-and-build private equity specialist, completed the acquisition of Zenitech, an outsourced software development strategic business consulting and tech services provider. Financial terms were not disclosed. “We are delighted to be backing this highly capable and entrepreneurial management team who we have got to know over the last three years. Zenitech operates in a high growth and fragmented market, with digital transformation becoming of ever-increasing strategic importance to businesses,” Jonathan Thorne, Sovereign Capital Director.

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