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New Deal


Announced

Completed

NorthEdge completed the acquisition of Correla from Xoserve.

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

Acquisition

Restructuring

Completed

Majority

Digital Services

United Kingdom

data services

Friendly

Private Equity

Single Bidder

Domestic

Synopsis

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NorthEdge, a middle-market private equity firm, completed the acquisition of Correla, a provider of product-oriented technology and data services, from Xoserve, a central data service provider. Financial terms were not disclosed. “I am delighted that we have secured an investor who has throughout the sale process, proven their commitment to the success of our customers and the challenges facing the energy sector. I am confident that our objectives are well aligned, and I look forward to working in partnership with NorthEdge to deliver our strategy," Clare Spottiswoode, Xoserve Chairman.

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