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Deal snapshot: SUMERU EQUITY ACQUIRES UK TEM SOLTIONS FIRM MDSL.

MANews-(C)2009-2017

California, US-based private equity firm Sumeru Equity Partners (SEP) has acquired UK-based technology expense management (TEM) solutions provider MDSL, to combine with Sumeru's Telesoft portfolio investment, the company said.

SEP, which also owns TEM provider Telesoft, has acquired MDSL based on its growth, global reach, advanced technology platform, customer service and quality of employees. SEP will combine its Telesoft investment into MDSL. The combination of the MDSL and Telesoft organisations will increase scale and global delivery capability while continuing to emphasise the core value of outstanding customer service.

Country: UK

Sector: Computer Software

Target: MDSL

Buyer: Sumeru Equity Partners (SEP)

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Geographic Code:4EUUK
Date:Aug 1, 2017
Words:124
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