NTT DATA Business Solutions AG Acquires Sapphire from Horizon Capital
November 7, 2023
NTT DATA Business Solutions AG, a group company of NTT DATA, has acquired London-headquartered digital transformation provider Sapphire from private equity investor Horizon Capital. The sale generates a 5.0x return and a 50% IRR for Horizon Capital; under Horizon's ownership Sapphire grew revenues from £38m to over £75m and expanded headcount from 250 to over 420.
- Buyers
- NTT DATA Business Solutions AG
- Targets
- Sapphire
- Sellers
- Horizon Capital
- Industry
- IT Services
- Location
- England, United Kingdom
- Transaction Type
- Buyout
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