Advised Forward Internet Group on the sale of uSwitch, the UK’s leading price comparison and switching provider within home services, to LDC
Arma Partners is pleased to announce that it acted as exclusive financial adviser to Forward Internet Group (“FIG”) on the sale of uSwitch.com (“uSwitch” or the “Company”) in a management buy-out backed by LDC.
uSwitch is the UK’s leading price comparison and switching provider within home services, enabling consumers to compare prices for a range of energy, communications and financial services. uSwitch was ranked the top website by Hitwise within the “Business and Finance ‚Äì Utilities” category in 2012 and is recognised as a trusted brand which has helped consumers to reduce the cost of their household bills for over 13 years.
FIG, a privately held investment company that creates, acquires and invests in web and consumer businesses, acquired uSwitch in December 2009. FIG has supported the transformation of uSwitch through organic investment and the acquisition of Top10.com, a popular broadband and mobile phone comparison business. FIG remains committed to supporting the next stage of uSwitch’s development as a co-investor in the Company.
LDC is a leading UK mid-market private equity firm and part of Lloyds Banking Group.
This transaction demonstrates Arma Partners’ continued strength in digital media and Internet M&A and the firm’s ability to deliver highly successful outcomes for industry leaders.