Our Companies
Company
Amor
Sector
Services
Location
Aberdeen
Status
Current
Background
Amor is a provider of software products, services and solutions to the oil and gas, public sector, transport, utilities and telecoms sectors. The business derives revenues from support and maintenance of client systems and the sale of its own software products. 60% of the business is focused on the oil and gas sector.
Deal Information
Deal size: £27.8 million
Deal type: MBO
Bought from: Sword Group
Date of investment: May 2009
Investment rationale
This was a pure management led buyout where the team had been with the business a long time and were investing a significant amount of money themselves. We were impressed with management, believed the pricing was sensible and the business attractive. Amor has a strong competitive position and a diversified, resilient blue chip client base. It is focused on regulated activities where spend is less likely to be discretionary. Our strategy is to continue to target organic growth in core markets as well as identifying bolt-on acquisitions.
