Omers Private Equity Announces Agreement To Acquire Bionic, A Leading Provider Of Essential Services To Uk Smes

Jul 20, 2022•about 3 years ago

Acquiring Company

NovaSource Power Services

Acquired Company

Bionic

Sales And MarketingSoftware

Description

OMERS Private Equity today announced the signing of a definitive agreement to acquire Bionic (“Bionic” or “the Company”), a leading provider of essential energy, insurance, finance and connectivity services to UK small-to-medium enterprises (SMEs) from ECI Partners and its founders.

Company Information

Company

NovaSource Power Services

About

OMERS Private Equity manages investments globally on behalf of OMERS, one of Canada’s largest defined benefit pension plans, with C$121 billion in net assets as at December 31, 2021, including approximately C$19.6 billion in net private equity investment asset exposure. With teams in New York, London, Toronto and Singapore, OMERS Private Equity invests across Industrials, Healthcare, Business Services and Technology, deploying an evergreen capital base to partner with strong management teams and transform good companies into industry leaders around the globe. www.omersprivateequity.com

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Based on deal data

Integration timeline

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Tech stack consolidation

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Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

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