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New Deal


Announced

WestBridge Capital to acquire Smart Capital Technology for £17m.

Financials

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Transaction Value£17m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Friendly

it services

Acquisition

Single Bidder

IT Services: Other

United Kingdom

Mbo

it consultancy

Private Equity

Private

Pending

Domestic

Synopsis

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WestBridge Capital, a private equity firm, agreed to acquire Smart Capital Technology, an IT consulting services provider, for £17m. "We are delighted to complete the MBO and to have WestBridge on board to support us in achieving our vision for the business. SCT is at an exciting stage of its development. With a well invested operational core, global footprint and boasting industry leading service levels, the business is well placed to capitalise on a significant market opportunity," Andy Morgan, Smart Capital CEO.

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