AIM-listed Dillistone Group is set to acquire recruitment software
brand Voyager Software, a wholly owned subsidiary of holding company
Woodcote Software.
Round up of today’s M&A Deals:
AIM-listed Dillistone Group is set to acquire recruitment software
brand Voyager Software, a wholly owned subsidiary of holding company
Woodcote Software.
Dillistone Group, which operates in executive search software and
recruitment software, is the parent company of executive search
software providers Dillistone Systems Ltd. The deal, worth £1.89
million, is paid for in cash and shares.
Jason Starr, Managing Director of Dillistone Group Plc comments:
‘Voyager and Voyager (Australia) are long standing and well regarded
suppliers to the UK and Australian recruitment markets respectively.
The two companies have a significant client base and a high proportion
of recurring revenues with strong management teams and hard working and
professional staff. I believe that this acquisition will prove to be
beneficial to Voyager’s clients and staff, and that it will have a
transformational impact on Dillistone Group Plc.
‘Historically, we have operated globally in what is very much a niche
market – executive search. This acquisition takes us into a
substantially larger market.’
Dillistone Systems and Voyager will continue to operate as separate
firms with separate brands and products as each firm focuses on
different sectors in the recruitment industry.
ExpressHR Services, a subsidiary of Woodcote, is also being acquired by
Dillistone as part of the acquisition and on completion will be
immediately sold to Geoffrey Warburton, who holds shares in Woodcote
through his pension scheme, for a consideration of £1. On completion,
an initial consideration of £1.5 million in cash and £0.39 million in
new ordinary shares is payable.
The consideration shares are subject to a six month lock-in from the
date of completion.
In addition, Dillistone has agreed to pay earn-out consideration up to
a maximum of £1.9 million.
Round up of today’s M&A Deals:
- TriTech Software Systems, a provider of Public Safety and Medical Transportation software solutions, will acquire VisionAIR, a privately held company that specializes in providing mission-critical Computer-Aided Dispatch, Law and Fire-EMS Records Management, Mobile, Jail Management, Civil Processing and multi-agency data sharing solutions to public safety agencies primarily for the mid-tier market
Value: undisclosed
Advisors: undisclosed
- MyHeritage.com will purchase BackupMyTree, the world’s first free and automatic backup service for family tree data
Value: undisclosed
Advisors: undisclosed
- Dorset-based strategic branding and digital agency, RT Media, will expand in social media with purchase of two Bournemouth based companies – social media training and consultancy business, SocialTech, and creative agency, Ozone Creative Solutions
Value: undisclosed
Advisors: undisclosed
- AssuredPartners buys Neace Lukens
Value: undisclosed
Advisors: undisclosed
- Euronet Worldwide a leading global electronic payments provider and distributor to acquire cadooz Holding a German incentive company, from Palamon Capital Partners
Value: undisclosed
Advisors: undisclosed
