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Ingresso Group
Oakley advises Ingresso on its sale to accesso Technology Group
ingresso
Sector:
Online
Transaction Type:
Disposal
Date:
Mar 2017
Deal Value:
Total Consideration of £28m

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering sector specialist advice across the TMT sector, has advised Ingresso Group (“Ingresso”), a leading software platform provider of live access to ticketed events worldwide across multiple platforms, languages and currencies, on its sale to accesso Technology Group plc (“accesso”). The deal is for an initial cash consideration of £17.5m, with total consideration of up to £28m, including an earn-out based on the financial performance of Ingresso for the year to 31 December 2017.

Founded and headquartered in the UK, Ingresso owns and operates a software platform which enables venue operators, event producers and inventory aggregators to offer real-time digital sales through global third party distribution channels. The combination of Ingresso’s technology with accesso’s expansive ticket inventory will significantly enhance combined group’s market-leadership worldwide. During the year to 31st December 2016, Ingresso recorded gross revenue of £43.1m and profit before tax of £0.6m. On a net basis  reported revenue would have been approximately £8.2m for the year ended 31 December 2016.

accesso is the premier technology solutions provider to leisure, entertainment and cultural markets. Its patented and award-winning technology solutions drive increased revenue for attraction operators while improving the guest experience.

Chris Godsmark, Managing Partner, Oksana Stowe, Assistant Director, and David Rogers, Senior Associate, worked with Ingresso on the transaction.

Chris Godsmark, Managing Partner, commented:

“We are delighted to have worked with Ingresso and accesso on this transaction, having watched Ingresso grow very rapidly under CEO Bart Van Schriek. In a fast changing market, Ingresso has established itself as a leading platform provider connecting highly fragmented entertainment content with distribution and driving the migration to online purchasing.”

Oakley Advisory

Oakley Advisory Limited (“Oakley”) is one of Europe’s leading independent corporate finance firms offering expert, specialist advice across a range of sectors including Telecoms, Technology, Online, Media, Datacentres and Hosting. We are unique in the mid-market in offering highly specialised sector insight and knowledge combined with our Equity Capital Markets capability, meaning we can provide the fullest possible suite of advice across both public and private markets.

This transaction marks the fifteenth deal we have announced or completed in the last twelve months including advising Infinity on the sale of its Stockley Park Data Centre to Zenium, Lyceum on its acquisition of Timico, Just Eat on its acquisition of SkipThe Dishes, Daisy on its acquisition of Alternative Networks, Modrus on its sale to Nasstar, Optimity on an investment by FPE Capital and Southern Communications on an investment by Livingbridge.

 

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