Deals round-up – in4tek in GBP3 million buy & build deal

in4tek has come into being following the management buyout of the community care software division of Systems Team, a unit of Maxima Information Group plc. The transaction was worth a total of GBP3 million ($4.7 million) with 3i putting in GBP1.5 million of equity. Backing was provided by Royal Bank of Scotland and the deal was brokered by Ernst & Young.

in4tek is based in Halesowen, the West Midlands, Altrincham, Cheshire in the UK. The firm’s software underpins the delivery of person centred care in the community for the NHS and social services.

The managing director of in4tek, Tom Nawojczyk said: “The buyout will allow us to concentrate on further developing our core software solutions Comwise and PARIS, products that support the government’s policy of closer integrated delivery of health and social care in the community. Key to our plans was gaining funding to support both organic growth and an ambitious buy and build strategy.”