International law firm CMS has advised longstanding client August Equity on the sale of Agilio Software to Five Arrows and TA Associates.
August Equity is a private equity firm that invests in high quality, service-orientated businesses in the UK. August Equity first invested in Agilio Software, the UK’s largest provider of healthcare operations software, in 2019. It has supported the business in making 10 acquisitions serving the primary care, dental and veterinary end markets in the subsequent years, as well as supporting it to expand internationally. This transaction, an exit for August Equity, will see Five Arrows and TA Associates support Agilio’s next stage of growth.
CMS Corporate partner Narinder Jugpal commented: “We are delighted to have been at August Equity’s side from its initial investment in Agilio Software through to this exit transaction. Having advised Agilio Software on multiple acquisitions in the past four years, we are confident that it has found great partners in Five Arrows and TA Associates, and we wish them all the best on this new stage of their journey.”
August partner Mike Biddulph and director Katie Beckingham, added: “It has been a great pleasure for us to work with the Agilio Software management team, and support them in their growth strategy. We are extremely grateful to Narinder and the CMS team for their invaluable advice throughout the years, and through this transaction.”
The CMS team was led by Narinder Jugpal, with further support from Karl Williams, Ben Booker, Lyndsey Shaw, Anna Spichenko and Hamish Oliver (Corporate); Aaron Fairhurst, Jason Todd and Arran Bhatiani (Tax); Tom Hughes, Paula Hryckowiak and Becca Murray (Finance).
