Long Path Partners Completes Take-Private Acquisition of Idox plc
Summary
Long Path Partners, through newly formed Frankel UK Bidco, completed a take-private acquisition of Idox plc, paying 71.5 pence per share and valuing the company at approximately £339.5 million. The offer represented roughly a 26.8–29.3% premium to recent reference prices and received overwhelming shareholder acceptance to become unconditional. Idox provides specialist information management software and geospatial data solutions used by more than 90% of UK local authorities and by regulated commercial clients. Long Path says it will partner with Idox management to invest in the product roadmap, customer experience, and next-generation AI-enabled capabilities to drive the company’s next phase of growth.
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Accounting and Taxes
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Government Software
Health Software
Transport Software
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Idox
$50M to $100M