Openmind Networks Ltd. ("Openmind") is a leading provider of messaging technology to the global telecommunications industry. The company has over 50 mobile network operator customers across the world.

Pegasus Capital advised the management of the company on completing a management buy-out with funding provided by BlueBay Asset Management. The transaction facilitated an exit for Openmind's initial venture capital investors and enabled management materially increase their shareholding and focus on the future growth of the business.

www.openmindnetworks.com

YEAR: 2017
SECTOR: Software & TMT
TERMS: Not disclosed

Further Transactions

Featured

Business Services

Sale of FDT. Consulting Engineers and Project Managers Ltd. to NIRAS Gruppen A/S

Business Services

Year: 2024
Sector: Business Services
Terms: Not disclosed

FDT is a specialist consultancy, with a process engineering emphasis. The Company has strong competencies across production design, water and energy reduction, and aims to make its clients more competitive through efficient capital spend, optimised processes, and success in meeting compliance requirements. FDT’s offerings cover a range of technical and specialist solutions including concept design, capital cost estimates, detailed process and utilities design, installation management, energisation and commissioning of plants, HAZOP studies, and ATEX compliance reports.

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Business Services

Manufacturing

Multihog Limited Investment Round

Manufacturing

Year: 2023
Sector: Manufacturing
Terms: Not disclosed

Multihog Limited is focused on the design and manufacture of compact multi-purpose tractors, particularly for municipal, airport and commercial use. The range of applications for its product range includes street sweeping, snow clearing, hedgerow cutting, mowing and surface cleaning. The Company exports to c. 30 countries and will launch an electric powered model in 2024.

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Manufacturing

Software & TMT

Alkimii funding round led by SaaS Capital

Software & TMT

Year: 2023
Sector: Software
Terms: Not disclosed

Alkimii Limited has developed a software platform focused on serving the needs of hotel operators in terms of managing their labour and property costs.

Its clients include Dalata, the largest hotel chain in Ireland, as well as a number of other hotel groups and independent operators. It has a leading position in Ireland and is increasingly focused on expansion in the UK and US markets.

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Software & TMT

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Management buy-out of Openmind Networks Ltd.

Further Transactions

Sale of HKC to Assa Abloy AB

Sale of Ciall Systems Ltd. to Storm Technology Ltd.