Our exits

Achieving value

To maximise value for all shareholders you need a sound exit strategy and a keen sense of timing. Having secured more than 130 realisations from within our portfolio, from trade sales and private equity acquisitions right through to initial public offerings we can help you decide on the best option for your business and help negotiate the best terms at the appropriate time.

Global travel search business Skyscanner is one of three SEP investments to have secured an exit of over $1 billion in recent years.

ControlCircle grew quickly to become the leading UK provider of managed and cloud-based services to enterprises and online businesses. Investment from SEP, coupled with their hands on, commercial approach fuelled this growth and their experience of realising value was critical to ensuring a positive outcome for all shareholders on our acquisition by Alternative Networks.

Carmen Carey, former CEO, ControlCircle

Energy infrastructure

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Anesco

The UK’s leading energy efficiency solutions company Anesco works with local authorities, businesses and homeowners to reduce carbon emissions. It is one of the top 100 cleantech firms in the world. SEP sold its majority shareholding in the company to CBPE Capital in 2014.

Technology growth

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Biovex

Pioneering biotechnology company Biovex develops potent biologics for the treatment of cancer and prevention of infectious disease. It was acquired by NASDAQ-listed Amgen in a deal worth up to $1 billion which ranked as one of the world’s largest ever exits for a venture capital backed biotechnology company.

Technology growth

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Clavis Insight

Clavis is the industry leader for online store analytics, delivering data, analysis and insights to enable consumer goods brands to track and optimise their online channel presence and performance. Its technology analyses everything consumers see in online retailer stores to quickly identify the actions brand owners and manufacturers need to take to drive profitable e-commerce growth.  Clients include Unilever, Procter & Gamble, Mars, Kimberley Clark and Nestle.  SEP sold its shareholding in Clavis to a private equity buyer in December 2016.  Financial terms were not disclosed.

Technology growth

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Control Circle

Control Circle grow into the UK’s leading provider of complex managed hosting and cloud-based services to enterprises and on-line businesses, including Saga, Rightmove, KPMG and Monitise. SEP supported the company’s rapid growth from 2010 to 2014 when Control Circle was acquired in 2014 by Alternative Networks, the AIM-listed leading business communications service provider.

Technology growth

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Craneware

Craneware (LSE:CRW) is a specialist in medical billing software solutions used by hospitals across the United States. The company’s development activity is based in Scotland with sales operations in the Unites States. SEP backed the company from early growth phase to successful IPO on the Alternative Investment Market in 2007, earning it the IPO of the year award.

Technology growth

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CSR

SEP helped CSR to capitalise on its world-leading expertise in Bluetooth technology and supported it through a successful IPO. The company was subsequently acquired by Qualcomm Inc, a world leader in wireless technologies. CSR is now a diversified platform provider at the centre of the Internet of Everything.

Technology growth

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Exco InTouch

Exco InTouch is a leading provider of mobile patient communication and management solutions for clinical research and healthcare providers. Customers include top pharmaceutical companies and contract research organisations.  ERT, the leading provider of high-quality patient data collection solutions for use in clinical drug development acquired Exco InTouch in December 2016 representing one of the most successful exits for a UK venture capital backed business in the emerging digital health market. 

Technology growth

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Gigle Networks

Gigle Networks developed highly innovative system-on-chip solutions for home networking over powerline sockets. Its ‘plug and play’ technology enabled every mains socket in a home to connect easily to the internet. SEP helped the company grow into a successful global operation before it was acquired by Broadcom Corp, now part of Broadcom Ltd, a diversified global semiconductor leader.

Technology growth

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Kiala

Kiala established a pan-European network of outsourced parcel collection points using an innovative technology platform that enabled e-commerce retailers to offer customers fast and convenient delivery & return of parcels. SEP supported its expansion until it was acquired by UPS, the world’s largest package delivery company in 2012 . It now operates as UPS Access PointTM.

Energy infrastructure

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MTEM

MTEM developed pioneering electromagnetic survey technology offering oil companies significant exploration savings by determining whether reservoirs contained oil and gas before drilling. SEP supported its growth from a five-person start-up until its acquisition by Petroleum Geo-Services in a deal that marked the highest price ever achieved in a trade sale in this sector outside of the US.

Technology growth

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Orbital

Orbital Software was one of the first providers of Natural Language Search for the internet and corporate portals. The company pioneered the deployment of Java web applications and SEP supported the business through successful IPO. It later became a subsidiary of Sopheon Inc.

Technology growth

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Skyscanner

Skyscanner is the world’s leading travel search company with over 60 million unique visitors per month using the site to find instant comparisons on flights, car hire and hotels in more than 30 different languages. Skyscanner employs more than 800 people across its global offices. Skyscanner’s unique proprietary technology connects people directly to everything the travel industry has to offer and also powers travel search for over 1200 partners through Skyscanner for Business.  Ctrip, the NASDAQ listed, leading travel service provider in China acquired Skyscanner in December 2016 for a consideration of approximately £1.4 billion.

 

Technology growth

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Stentys

Stentys develops innovative solutions for the treatment of patients with acute myocardial infarction and other complex coronary diseases. SEP supported the company through IPO on the Paris EuroNext stock exchange (STNT.PA) which enabled it to fund further commercial development. Its products are now sold in more than 8 European countries.

Technology growth

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Wolfson

Wolfson Microelectronics was a multinational microelectronics and fabless semiconductor company headquartered in Edinburgh. It specialised in signal processing and mixed-signal chips for the consumer electronics market and had engineering and sales offices in Asia-Pacific, Europe and the United States. SEP supported Wolfson from university spinout through rapid growth to a successful IPO which saw it enter the FTSE 250. It has since been acquired by Cirrus Logic.

Technology growth

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Zeus Technology

Cambridge-based Zeus Technology produced high-performance software-based load balancing and traffic management solutions for virtual and cloud environments. Zeus pioneered the development of software that enabled users to better manage traffic flow to websites and other applications. SEP played a key role in advising Zeus on strategy, building significant value over six years until its acquisition by IT performance company Riverbed Technology (NASDAQ:RVBD).