Our Corporate Team has advised BGF, the UK’s most active investor in growing companies, on its successful exit from Anexsys Group.
Anexsys provides technology and consultancy services for law firms, corporations and the public sector and has established itself as a leader in the UK digital forensics and e-disclosure market. The company has been acquired by US-based private-equity-backed Xact Data Discovery for an undisclosed sum.
BGF has backed Anexsys since 2014 as part of Hobs Group. In this period, Anexsys’s revenues rose from £2.1m in 2015 to £7.3m in 2020.
BGF continues to support Hobs Repro and its subsidiary Hobs 3D, which is led by managing director Craig Horwood.
Commenting on the transaction, Andrew O’Mahony said: “We have supported BGF through the life of the investment in Hobs Group and Anexsys, so we are delighted to see shareholders realise their investment with this deal. The transaction positions Anexsys and Hobs Group to continue to pursue opportunities as they focus on their respective missions and growth.”
Anexsys Group has been acquired by US-based private-equity-backed Xact Data Discovery (XDD) from Liverpool’s Hobs Group, for an undisclosed sum. Anexsys provides technology and consultancy services for law firms, corporations and the public sector. It will continue to operate in its current Manchester and London and offices under the name of Anexsys as part of the XDD portfolio of brands.