KBS - Software-as-a-Service - Market Insight

E-CLINIC ACQUIRED BY CLEARCOURSE

KBS DEAL

ClearCourse Partnership, backed by New York-based private equity fund Aquiline Capital, acquired E-Clinic, a Yorkshire-based provider of patient and clinic management software for the healthcare sector.

LIVINGBRIDGE INVESTMENT INTO CITNOW GROUP

Livingbridge, a leading mid-market private equity investor, invested in Berkshire-based CitNow, a global provider of front-office software to franchised car dealerships to improve efficiency and conversion of sales and aftersales.

CPOMS ACQUIRED BY ECI PARTNERS

KBS DEAL

Yorkshire-based CPOMS, a market-leading software solution for monitoring safeguarding and pastoral needs in the education sector, was acquired by ECI Partners, a private equity firm which invests between £25m and £100m in deals valued up to £200m.

In the UK software/SaaS space, we have seen deal values that have been calculated on adjusted EBITDA/earnings multiples ranging from 5–6x to double-digit figures.