DesignMyNight acquired by the Access Group
London, 17 November 2017. ACXIT’s partner FirstCapital advised DesignMyNight on the sale to the Access Group.
DesignMyNightprovides B2B reservation booking and ticketing software solutions for the casual dining and bar industry. It also runs a direct to consumer website which allows millennials to plan nights out in London and other UK cities. Growing rapidly since its launch in 2010, by 2017 DMN had 4 million monthly views, over 1,850 UK subscribers to its software and more than 300 monthly events listed.
“We were really happy with the negotiation support from FirstCapital, which resulted in an attractive structure with appropriate incentivisationfor the team, and we have found a great partner in Access to help drive the future growth of the business” says Andrew Webster, co-founder of DesignMyNight.
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Founded in 1999, FirstCapital is one of the leading independent technology investment banks in the UK, with offices in London, Silicon Valley and Dublin.
Focusing on high-growth technology companies, FirstCapital has developed an exceptional track record in M&A and private placements for companies in the software, internet and digital media and tech-enabled services sectors, with a proprietary SMART dealmaking framework which is proven to deliver premium outcomes. Since September 2019, FirstCapital is a strategic partner of ACXIT Capital Partners. (www.firstcapital.co.uk)