BC Partners, the UK based private equity firm, via Kelvin UK Bidco Limited, a newly formed company owned indirectly by funds advised by BC Partners, has agreed to acquire Kin and Carta plc, the UK based global digital transformation consultancy. Kin and Carta plc shareholders at the public company will receive 110 pence per share for the company. The transaction values the company at around GBP 203m. Some of the shareholders including BGF, and Coast Capital Management, have refused to sold their stake at the current offer price. The deal is expected to be completed during the first calendar quarter of 2024.
- Target – Kin And Carta PLC
- Buyer – Apax Partners LLP
- Seller – Shareholders
