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Anite Travel Ltd
Oakley Capital Corporate Finance advises LDC on £45m MBO of Anite Travel Ltd
Completed Transactions - Anite Logo
Sector:
Technology
Transaction Type:
Acquisition
Date:
June 2014
Deal Value:
£45m

Oakley Capital Corporate Finance (‘OCCF’), the independent, pan-European corporate finance firm offering expert specialist advice across TMT, online, datacentres and hosting, has advised LDC, the private equity arm of Lloyds Banking Group, on its £45 million MBO of Anite Travel Ltd, a division of Anite plc.

Anite plc is one of the world’s leading providers of software and solutions to the international wireless market and is listed in London. Its travel division, Anite Travel, provides reservation and e-commerce software to travel companies including TUI and Thomas Cook.

The agreement to sell Anite Travel comes after Anite plc set out a strategy to focus on developing its local position in wireless test solutions, thereby disposing of non-core business divisions.
Under the terms of the deal, LDC has backed the acquisition by the current management team of the entire issued share capital of Anite Travel, for a total cash consideration of £45 million.

LDC’s support and investment will help the 160-strong company finance software development, expand into new products and markets, and supplement organic growth with bolt-on acquisitions.
This deal follows a strong start for the OCCF team who have completed seven deals since January, including two private market transactions involving leading IT services businesses, Sepura and e-know.net, and the stock market listings of Just Eat and Manx Telecom.

The Oakley team advising LDC is led by James Chapman-Andrews, Director, who commented:

“We are delighted to have advised LDC on this high profile software transaction and to continue our strong relationship with the LDC team. Anite Travel is the leading provider of software solutions to tour operators in Europe and is well positioned to continue its expansion as an independent business. Having completed an increasing number of software deals in the past two years, Oakley was able to effectively guide LDC’s team using our in-depth knowledge and understanding of this highly active sector.”

Since its establishment in late 2007, OCCF has completed over 50 transactions with a total enterprise value of over £5 billion. The business is increasingly international in focus; the majority of its 2013 transacted deal value involved overseas assets.

For more information, please contact:
James Chapman-Andrews
Tel: 020 7766 6900

*Completed by Oakley Capital Corporate Finance

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