Due North provides cloud-based strategic sourcing solutions to the public sector in the UK.
In the Local Authorities segment it has the leading market share and is one of the leading providers to the NHS and Housing Associations. Almost all of the revenues are generated on a subscription basis.
The purchase price of Due North reflected a multiple of 12.6x EBITDA.
This is the second divestment Regent has completed for Access Intelligence plc in the last twelve months and is consistent with their strategic objective of focusing on SaaS solutions in reputation and risk management.
“Pradip Somaia was an invaluable resource throughout our divestment process. Excellent shortlist evaluation. A tight process through to completion. Many thanks and we look forward to working with you again in the future.”
Joanna Arnold, Chief Executive, Access Intelligence plc.
Regent Partners LLP acted as exclusive Corporate Finance advisor to Access Intelligence.