Private equity firm CVC Capital Partners has become an investor and major shareholder in System C Healthcare, the UK supplier of health and social care software and services.
CVC has replaced Symphony Technology Group (STG), a private equity firm specialising in technology investments, as lead investor, alongside the company’s founders, Markus Bolton and Ian Denley. Digital Health understands that CVC has also purchased STG’s minority shareholding in sister company Graphnet Health.
The terms of the deal or price were not disclosed, but market analysts suggest STG had valued the System C business at more than £250m. The companies have revenues in the region of £100m.
CVC said in a press statement: “CVC Capital Partners today announced that CVC Fund VII has completed an investment in System C Healthcare and its partner company Graphnet Health.”
Read more/Source: Digital Health
