Montagu, a leading European private equity firm, is pleased to announce that it has reached an agreement to sell Servelec , a leading software provider to healthcare and local authorities based in the UK, to The Access Group.
Headquartered in Sheffield, Servelec has over 40 years’ experience in developing mission-critical software solutions to deliver better care. The company is a trusted supplier to more than 45 NHS trusts and over 150 local authorities, providing an integrated approach across social care, healthcare, and education.
Servelec’s extensive product portfolio, including systems for electronic patient records, social care case management, schools’ admissions, youth services reporting and patient flow and bed management, is designed with the sole purpose to support effective decision-making and to maximise time spent providing efficient, patient-focused care.
Montagu acquired the Servelec Group via a public-to-private transaction in 2018, and since then has worked with the Company to increase its strategic focus on its core health and social care software products. This involved successfully divesting two non-core divisions, completing two complementary acquisitions, and driving significant investment in the business to further strengthen the management team, to scale-up its operating processes, and to accelerate and enhance the development of Servelec’s software products. This has resulted in significant revenue and profit growth, and enabled the business to improve and extend the digital care products it provides to its customers to help support their vital work in the community.
Edward Shuckburgh, Director at Montagu commented: “We first came into contact with Servelec ten years ago, and we immediately knew that the business was a strong fit for Montagu’s approach, spanning our core competencies in both healthcare and technology and addressing growing market needs for innovative digital tools to support care delivery. We are extremely proud of what we have achieved together – Ian and the team have delivered a step change in the professionalisation of the business and have significantly advanced both their products and customer service, which has contributed to Servelec’s very strong growth. As a leading provider of business management software to mid-sized organisations, The Access Group represents a clear strategic fit for Servelec, and we wish them well for the future.”
Ian Crichton, CEO at Servelec, said: “Our partnership with Montagu, a firm who shares our values, has been terrific. Technology provides us with endless opportunities to improve people’s lives and with Montagu’s backing we’ve invested heavily to accelerate growth and build a better business that’s ready to help UK society at a time of need. I’m delighted we have secured a great new home. The Access Group are culturally and strategically the best possible fit for the business, and I have no doubt that all of our stakeholders will benefit greatly from the new partnership.”
Arma Partners acted as corporate financial advisors to Montagu on the transaction.
