August Equity has realised its investment in Agilio Software, an international provider of healthcare operations software, through a sale to Five Arrows and TA Associates. The investment represents a money multiple return of 9.2x.
Five Arrows and TA Associates (TA) have joined forces to acquire the business which is headquartered in Sheffield and is led by Chairman, Sati Sian and Neil Laycock, Agilio’s CEO.
August first invested in Agilio in 2019 and has supported the business in making 10 acquisitions serving the primary care, dental and veterinary end markets, as well as supporting it to expand internationally.
The investment was led by August partner Mike Biddulph alongside director Katie Beckingham who both sat on the Agilio board.
Mike Biddulph, Partner at August Equity commented: “The leadership team at Agilio have done a fantastic job in growing the business into the UK’s leading healthcare operations software provider. It has been a privilege to support them on their initial journey and achieve such strong and dynamic growth. We are confident that the business will continue to thrive under the stewardship of Five Arrows and TA.”
August Equity and Agilio Software were advised by Arma Partners. CMS advised on Legals, Deloitte on Financial and Tax, OC&C on Commercial, Crosslake on Technology and Aon on Insurance.
