23. Add On Acquisitions
New platforms and realisations weren’t the only activity that kept our team busy in 2020. Working remotely for much of the year, we completed 23 add on acquisitions for the portfolio, acquiring over £100m of enterprise value. Juniper Education made its 7th acquisition taking a the business to being one of the leading SaaS software providers to UK Schools whilst Sabio’s acquisition of Anana marked a 5 fold increase in EBITDA since our investment in 2016.
Happy Birthday Horizon Capital
This month, we celebrate our third birthday as a partnership, no champagne sadly, but we feel a collective sense of huge pride as we reflect on our journey together over the past three years. We are privileged to work with talented management teams who, in the face of the adversity of 2020 excelled, continuing to deliver strong growth.
Looking forward as the world emerges from the pandemic and as the UK emerges from Brexit uncertainty, we see a very attractive investment environment. We believe the Digital Economy which is at the heart of our sector focussed investment model will play a critical role in the UK’s economic recovery and we look forward to making new investments and supporting our portfolio companies embrace the very significant opportunity ahead.