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Announced

Completed

Access Group completed the acquisition of Guestline from Riverside.

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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Acquisition

mission critical software

United Kingdom

Majority

Private Equity

Friendly

Domestic

software development

Software

Private

Completed

Single Bidder

Synopsis

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Access Group, a British software company, completed the acquisition of Guestline, a mission critical software provider, from Riverside, a global investment firm. Financial terms were not disclosed. “The sale of Guestline marks the sixth exit achieved by the Riverside Europe team over the past 18 months, and again demonstrates our ability to support leading mid-market businesses through organic and inorganic growth initiatives. Despite the challenges of Brexit and Covid-19, Guestline’s revenue and earnings more than doubled during our investment period,” Karsten Langer, Riverside Managing Partner.

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