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New Deal


Announced

Completed

Ideagen completed the acquisition of Huddle from Icon Ventures and Turn River Capital for £28.1m.

Financials

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Transaction Value£28m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

Software

Domestic

United Kingdom

Private

software-as-a-service

Acquisition

Friendly

Completed

Venture Capital

Private Equity

Synopsis

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Ideagen, a supplier of regulatory and compliance software, completed the acquisition of Huddle, a provider of SaaS solutions, from Icon Ventures, a venture capital firm, and Turn River Capital, a technology focused private equity fund, for £28.1m. "We are delighted to announce the acquisition of Huddle. It has a resilient business model, a quality customer base, outstanding technology and a strong team. Huddle will be an important product for Ideagen as we integrate the software with PleaseReview to deliver a broader and deeper Document Collaboration and Compliance proposition to our customer base and accelerate ARR growth," David Hornsby, Ideagen Executive Chairman.

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