#Acquisition #London #United Kingdom #Long Path Partners #Idox plc

Long Path Partners Completes Acquisition of Idox plc

On May 5, 2026, Long Path Partners, LP, a prominent U.S.-based investment manager, announced that it has successfully finalized its acquisition of Idox plc, a distinguished UK-based provider of specialized information management software and geospatial data solutions. The acquisition has been executed through Frankel UK Bidco Limited, a newly established entity backed by Long Path's managed funds.

Acquisition Details

Under the deal, Idox shareholders will receive a payment of 71.5 pence per share, resulting in a valuation of approximately £339.5 million on a fully diluted equity basis. This offer reflects a substantial premium of 26.8% over the stock’s closing price on October 27, 2025, the day prior to the public announcement of the acquisition. Additionally, the offer price represents a 29.3% premium over the one-month volume-weighted average price.

The acquisition was first revealed on October 28, 2025, and transitioned into a contractual takeover offer compliant with the UK Takeover Code. Importantly, it garnered overwhelming support from Idox shareholders, surpassing the necessary acceptance threshold for the deal to proceed without conditions.

A Partnership for Growth

Idox has a rich history spanning more than 25 years, having established itself as a reliable technology partner for local authorities, regulators, and various industrial clients. Its software solutions play a crucial role in managing essential services such as planning, building control, environmental health, licensing, elections management, and engineering information management. Currently, over 90% of local authorities in the UK utilize Idox’s software to provide vital services to their communities.

Kyle Warren and John Cresson, co-leaders of Long Path's private equity strategy, expressed their excitement about collaborating with the Idox team. They stated, "We are thrilled to partner with the Idox team to steer the company through its next phase of growth. Our public funds have been Idox shareholders for nearly eight years, and closing this transaction is the culmination of a long-held conviction in the business." They emphasized their commitment to investing in Idox’s product roadmap and enhancing the overall customer experience, with a special focus on developing AI-enabled capabilities.

David Meaden, the Chief Executive Officer of Idox, highlighted the importance of Long Path as a long-term shareholder that understands the essence of Idox’s mission. He noted, "Long Path has been a thoughtful, long-term shareholder who has understood our business and our mission from the outset. With their backing, we will continue to invest in developing our people, our products, and services to bring customer value." This sentiment illustrates a shared vision for acceleration in innovation while maintaining the reliability and expertise that have defined Idox from the beginning.

Advisors and Legal Framework

The legal oversight of the transaction was provided by Kirkland & Ellis LLP and Ropes & Gray LLP, acting as legal counsel for Long Path. Financial advisory was offered to Long Path by Canaccord Genuity Limited. Rothschild & Co served as the financial advisor for Idox, with Pinsent Masons LLP providing legal counsel to Idox.

About Long Path Partners

Long Path Partners is a U.S.-based investment management firm dedicated to forming long-term partnerships and investing in sustainable businesses globally. The company emphasizes quality investments with a collaborative approach designed to create lasting value.

About Idox plc

Idox plc is a prominent supplier of specialized information management software and geospatial data solutions, dedicated to serving public sector needs and regulated industries, both in the UK and internationally. Idox supports critical workflows across various sectors, ensuring that local authorities and government agencies can deliver effective services.

For further information on both companies, please visit Long Path Partners and Idox plc.