Evolution Funding Acquires Motion Finance

LDC Takes Minority Stake in Evolution Funding

February 19, 2019

Payments & Fintech

Mid-market private equity investor LDC has taken a significant minority stake in Evolution Funding in a transaction that values the business at £110 million. The deal is backed by acquisition finance from Santander and Aviva Investors; Evolution will remain led by its co-founders and will use the capital to scale its Evolve technology, expand its dealer and direct-to-consumer propositions, and grow its UK presence.

Evolution Funding Group Acquires Click Dealer Limited

July 1, 2021

Software

Evolution Funding Group has acquired Click Dealer Limited, a Stoke-on-Trent–based automotive software and digital services provider, in a deal supported by follow-on funding from mid-market private equity firm LDC. The acquisition (terms undisclosed) expands Evolution's digital and SaaS capabilities—bringing Click’s dealer website hosting, DMS and digital solutions (serving ~1,550 dealers) into Evolution’s motor finance and online customer journey platform.

Pivotal Growth Acquires Lifetime Finance Group Limited

December 9, 2021

Financial Services

Pivotal Growth, the joint venture between Pollen Street IV and LSL Property Services plc, has agreed terms to acquire Lifetime Finance Group Limited, a Glasgow-based mortgage broker with strengths in new-build, contractor and self-employed mortgages. The deal is the first bolt-on acquisition for the Pivotal Growth platform as it builds a UK-wide mortgage brokerage business; Lifetime's CEO Gordon Hunter will retain a minority investment.

Confluent Health Acquires Majority Stake in MOTION PT Group from Pharos Capital

February 14, 2023

Healthcare Services

Confluent Health has acquired a majority stake in MOTION PT Group from Pharos Capital Group. MOTION is an outpatient rehabilitation provider operating roughly 59 clinic locations across Connecticut, Maryland, Massachusetts and New York; financial terms were not disclosed.

Evolv Acquires Future Payments

November 20, 2024

Payments & Fintech

Evolv, a Newburgh, Indiana-based payment acceptance solutions provider, has acquired Nashville-based Future Payments and rebranded the business as Evolv Nashville. The deal expands Evolv’s distribution capabilities and leadership, integrating Future Payments’ agent network and partnerships to accelerate growth in the payments market.

Focus Group Acquires EVAD from Ethos Group

March 21, 2022

Telecommunications

Focus Group, a Bowmark Capital-backed UK provider of telecoms and IT services, has acquired Midlands-based communications specialist EVAD from Ethos Group. EVAD will continue to operate under its existing brand and leadership while Focus Group plans to accelerate growth by broadening its product portfolio into IT, cyber and connectivity and extending geographic reach across the UK.