EDM Group is acquiring Sala International

Sala International is to join rival document management and information provider EDM Group in a £52 million deal.

Once the merger is completed, Wolverhampton’s EDM Group and Scala will create one of the UK’s largest outsourced information management services.

Sala International, which supplies document storage, has offices in Tamworth, Leeds and Essex.

The merger, which enables ECI Partners to exit its original investment in EDM Group, has been backed by private equity house LDC.

LDC provided a ‘substantial injection’ of capital alongside debt funding provided by Lloyds Bank Corporate Markets Acquisition Finance, says EDM Group.

Sam Ferguson will take the role of CEO. Mark Jones will be the EDM Group CFO, with Tomas Gronager, Sala International CEO, taking up the role of COO.

Yann Souillard and Alex Clark of LDC will join the board as non-executive directors.

Sam Ferguson, chief executive of EDM Group, says: ‘It’s great to see two high growth and ambitious information management companies join forces to leverage each others key strengths, in turn providing a unique proposition that is of benefit to our new combined customer base.’

The group’s customer base includes Avis Europe, Nationwide Building Society, Companies House, Legal & General, Grant Thornton and numerous healthcare providers including many NHS Trusts, BUPA and BMI hospitals.

Round-up of today’s M&A deals

  • Federated Media Publishing is acquiring Lijit Networks

Value: undisclosed

Advisers: undisclosed

Read more

  • Synopsys buys Extreme DA

Value: undisclosed

Advisers: undisclosed

  • Solutia and Southwall Technologies have signed a definitive agreement, which will see Solutia buy Southwall

Value: undisclosed

Advisers: Moelis & Company and Kirkland & Ellis acted as advisers to Solutia on the transaction. Needham & Company, Seven Hills Group and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian acted as advisers to Southwall.

Todd Cardy

Todd Cardy

Todd was Editor of GrowthBusiness.co.uk between 2010 and 2011 as well as being responsible for publishing our digital and printed magazines focusing on private equity and venture capital.

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