Partners Group agrees acquisition of Civica
24 July 2017, London: Global private markets investment manager Partners Group (“Partners”) has agreed on behalf of its clients to acquire the Civica Group, a market leader in business-critical software, digital solutions and outsourcing services, from OMERS Private Equity (“OMERS”) for an enterprise value of just over £1 billion.
A leading provider to the public sector and commercial organisations in highly regulated sectors, Civica currently employs approximately 3,700 people, of which around 75% are based in the UK. Since OMERS invested in Civica in 2013 the company has continued its strong track record of growth, driven by a clear strategy to help the Group’s customers to improve service delivery and efficiency through a combination of business-critical software applications, digital solutions and technology-based services.
Partners Group will support the existing Civica management team and its ongoing strategy, helping build on the company’s current organic growth opportunities combined with complementary acquisitions to enhance product and service capabilities further.
We have been impressed by Civica's track record of long-term growth. We see our investment as an opportunity to back a high-quality market leader in a sector with evolving customer needs and the potential to increase scale through select acquisitions. We are excited to work with Civica under the leadership of Simon Downing and Wayne Story and to continue to grow the business.
Bilge Ogut, Managing Director, Private Equity Europe, Partners Group
Civica has performed extremely well during the period of OMERS ownership, and moves on significantly enhanced in scale and capability. The business is very well placed to respond to the changing needs of our customers and the investment by Partners Group, with its emphasis on working alongside management to grow companies, ensures we have access to the resources and support to build on our existing plans.
Simon Downing, chairman of Civica
This is a very positive development to support our ongoing strategy for the benefit of customers, employees and other stakeholders. Under the ownership of Partners Group, it will be an enhanced version of business as normal led by the existing management team, and we remain committed to our strategy and to the long term development of Civica.
We believe our continued commitment to customers and our sustained investment in our people and our products, along with the hands-on support of our new investor, provides an excellent foundation for the future success of the business.
Wayne Story, Civica chief executive officer
Civica (www.civica.com) is a market-leading specialist in business-critical software, digital solutions and technology-based outsourcing services that help organisations around the world to transform the way they work. The company is an established partner for customers across national, regional and local government, health & care, education and public safety, together with commercial organisations in highly regulated sectors, with a clear vision to help achieve better outcomes through the use of digital technology and automation.
About Partners Group
Partners Group is a global private markets investment management firm with over EUR 57billion (USD 66billion) in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, Denver, Houston, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Manila, Shanghai, Seoul, Tokyo and Sydney. The firm employs over 950people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a major ownership by its partners and employees.