Service: Vendor Due Diligence
Industry: SME Services
Participants: Bionic, OMERS Private Equity
Intechnica provided Exit Preparation & Technology Vendor Due Diligence to Bionic ahead of their recent investment from OMERS Private Equity.
Founded in 2007, Bionic offers SMEs a smart way of sorting their business essentials, such as insurance, finance, energy, and connectivity. Ranked as one of the UK’s top 10 best places to work, Bionic leverages smart technology and human experts to offer an end-to-end service, including comparison, switch management, customer service and renewals.
OMERS Private Equity’s investment will support Bionic’s organic growth and accelerate their strategic expansion through M&A.
As a leading technology- enabled services platform, Bionic’s high-quality digital-hybrid model, one that pairs smart technology with world class human service, is at the forefront of helping UK SMEs source their business essentials: energy, insurance, finance and connectivity. We are excited by the opportunity to bring OMERS track record of international and acquisitive growth to Bionic as we support Paul and the Bionic management team in the continued growth of the business.Jonathan Mussellwhite, Senior Managing Director and OMERS Head of European Private Equity.
We are thrilled to partner with OMERS Private Equity, a deeply-experienced global investor, and to leverage the team’s expertise to further accelerate Bionic’s growth. From our very first meeting with OMERS it was clear there was a strong cultural alignment and passion for the customers we serve. We were well aware of OMERS long term commitment to its portfolio companies, and as an investor that is well-regarded for its steady buy and build approach, we look forward to the team’s support in achieving our goals for continued strategic expansion through M&A.Paul Galligan, CEO of Bionic.