Thanks to their strong credentials in the health & social care and technology sectors our Corporate Finance team has been involved with another major deal.
Signis Limited, which trades under the tri.x brand, has been sold by its parent company Antser Holdings advised by Cooper Parry. tri.x will be joining OneTouch to form a comprehensive healthtech and compliance group, backed by August Equity.
tri.x is the market leader in the provision of effective online adult and children’s social care policies and procedures solutions, supporting all Local Authorities across England. It has been part of Birmingham based Antser Group since it was acquired in 2019.
August is a long-term investor into the social care sector, with particular emphasis on businesses with technology-led applications; OneTouch and tri.x bring together two excellent businesses serving the social care commissioners and providers in delivering a high-quality service. Together they form a strong platform with highly complementary software and product offerings.
Richard Dooner, CEO of Antser Holdings, said:
“Cooper Parry helped us complete an attractive sale in a relatively short timeframe, given the requirement to carveout a retained business. The prior relationship Cooper Parry had with the buyer helped us to quickly build mutual trust that we had the best buyer and helped drive an efficient sale process.”
Andy Parker our Head of Corporate Finance said of the deal:
“With our focus on both healthcare and technology and following on from our recent sale of Nourish Care Systems to private equity, tri.X represented an exciting opportunity to use our market knowledge and deal-making skills. The team at Antser did a superb job supporting the transaction and committing to support the new business as it merges under August’s direction”
