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Long Path Partners Completes Take-Private Acquisition of Idox plc

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6 months ago

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NEW YORK and LONDON, May 5, 2026 /PRNewswire/ — Long Path Partners, LP (“Long Path” or “LPP”), a U.S.-based investment manager, today announced that Frankel UK Bidco Limited (“Frankel”), a newly formed company indirectly owned by funds managed by Long Path, has completed its acquisition of Idox plc (“Idox” or “the Company”), a leading UK provider of specialist information management software and geospatial data solutions to the public sector and regulated industries.

Under the terms of the transaction, Idox shareholders are entitled to receive 71.5 pence in cash for each Idox share they hold, valuing Idox at approximately £339.5 million on a fully diluted equity basis. The offer price represented a premium of approximately 26.8% to the closing price of Idox shares on October 27, 2025, the last business day prior to the initial announcement of the transaction, and a 29.3% premium to the one-month volume-weighted average price over the same period.

The acquisition, originally announced on October 28, 2025 and subsequently implemented as a contractual takeover offer under the UK Takeover Code, received the overwhelming support of Idox shareholders representing well in excess of the acceptance threshold required for the offer to become unconditional.

A Partnership for the Next Phase of Growth

For more than 25 years, Idox has served as a trusted technology partner to local authorities, regulators, and industrial clients, delivering mission-critical software that underpins planning, building control, environmental health, licensing, elections management, and engineering information management. Today, more than 90% of UK local authorities rely on Idox software to deliver core public services to their citizens.

Leadership Commentary

Kyle Warren and John Cresson, who co-lead Long Path’s private equity strategy, said:

“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. Idox has demonstrated a remarkable ability to deliver world class, mission-critical software solutions to government and government-adjacent customers in the UK and around the world. In close partnership with the management team, we intend to invest meaningfully in the product roadmap, customer experience, and the next generation of AI-enabled capabilities, building an even stronger Idox to partner with its customers over the decade ahead.”

David Meaden, Chief Executive Officer of Idox, said:

“Idox exists to help public and private sector customers use software and data solutions to operate more effectively, providing critical services for the communities that depend on them. Long Path has been a thoughtful, long-term shareholder who has understood our business and our mission from the outset, and they are the right partner for the next chapter. With their backing, we will continue to invest in developing our people, our products and services to bring customer value. This next chapter allows us to accelerate the innovation our customers need while preserving the reliability and domain expertise that have defined Idox since its founding.”

Advisors

Kirkland & Ellis LLP and Ropes & Gray LLP served as legal counsel to Long Path. Canaccord Genuity Limited served as financial advisor to Long Path. Rothschild & Co served as financial advisor to Idox, and Pinsent Masons LLP served as legal counsel to Idox.

About Long Path Partners

Long Path Partners is a U.S.-based investment manager focused on long-term partnerships with, and investments in, high-quality, durable businesses around the world. The firm makes concentrated, long-duration investments across public and private markets, emphasizing business quality, alignment with management teams, and a collaborative approach to creating enduring value for all stakeholders. For more information, visit www.longpathpartners.com.

About Idox plc

Idox is a leading supplier of specialist information management software and geospatial data solutions to the public sector and regulated industries in the UK and internationally. The Company’s software supports mission-critical workflows across planning, building control, environmental health, licensing, elections, land and property, and engineering information management. Idox serves more than 90% of UK local authorities, together with central government agencies, regulators, and blue-chip commercial customers in sectors including energy, transport, and engineering. For more information, visit www.idoxgroup.com.

Media Contacts

Long Path Partners
Kelly Galvin, Head of Investor Relations
IR@longpathpartners.com

Idox plc
Nicky Tramaseur, Head of PR, Communications, and Digital Marketing
Nicky.Tramaseur@idoxgroup.com

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SOURCE Long Path Partners

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Systech Launches New All-in-One Pharma Packaging and Serialization Stations

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19 minutes ago

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October 20, 2026

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DOWNERS GROVE, Ill., Oct. 20, 2026 /PRNewswire/ — Systech, part of Markem-Imaje and Dover and a leading provider of pharmaceutical serialization and traceability solutions, today announced the launch of two new integrated packaging solutions designed to help pharmaceutical manufacturers and contract development and manufacturing organizations (CDMOs) increase automation, improve operational efficiency and enhance production flexibility.

The new ST15S Semi-Automated Serialization and Aggregation Station and ST16P Multi-Aggregation and Automated Label Print & Apply Station operate seamlessly with industry-leading UniSeries® software, integrating critical packaging, serialization, aggregation and labeling functions into compact, easy-to-deploy systems. By consolidating multiple processes within a single station, these systems help manufacturers reduce complexity, optimize labor resources and improve packaging productivity without requiring significant line modifications or facility expansion.

“Packaging operations today are under constant pressure to increase output, maintain compliance and do more with constrained labor and facility resources,” said Steve Engdahl, Vice President of Product at Systech. “The ST15S and ST16P were developed to help manufacturers automate critical packaging processes without introducing additional complexity. By bringing serialization, aggregation, rework and labeling capabilities together within integrated systems, customers can streamline workflows, reduce manual intervention and improve operational efficiency.”

The ST15S Semi-Automated Serialization and Aggregation Station combines semi-automated serialization, manual case aggregation, pallet aggregation and rework capabilities within a single workstation. Functions that traditionally require multiple stations for printing, inspection, aggregation and rework can now be performed through a unified system managed from one interface. By reducing operator handoffs and consolidating workflows, the ST15S helps minimize product handling and simplify day-to-day packaging activities.

The ST16P Multi-Aggregation and Automated Label Print & Apply Station combines semi-automated Pack-by-Layer aggregation with automated label printing and application in a single ergonomic platform. By integrating multiple aggregation processes and automating label management, the system helps teams reduce manual intervention, improve consistency, and perform aggregation activities more efficiently while supporting compliance requirements.

“Our product strategy begins with understanding the day-to-day challenges packaging teams face on the production floor,” continued Engdahl. “Those insights guide us toward opportunities where automation can reduce complexity and strengthen overall packaging performance. The ST15S and ST16P reflect that customer-driven approach by delivering practical automation solutions that help manufacturers enhance productivity while remaining adaptable to changing production requirements.”

Available now, these new systems expand Systech’s integrated packaging, serialization and traceability portfolio. Built on proven Systech platforms, the ST15S and ST16P can be deployed as part of an existing Systech-managed line or alongside third-party equipment already in place, avoiding the cost and disruption of a complete line redesign. By bringing greater automation to established packaging environments, the systems help manufacturers optimize workflows, protect existing technology investments and add advanced packaging capabilities.

About Systech:

Systech is a trusted provider of pharmaceutical track and trace solutions, bringing more than 40 years of expertise from the packaging line to the broader supply chain. Built on deep line-level experience, its integrated hardware and proven software solutions help reduce operational friction, improve efficiency, strengthen compliance and protect product integrity. With a perspective shaped by the realities of packaging, serialization, inspection and traceability, Systech partners with manufacturers of all sizes to build connected, modern supply chains that drive productivity and operational excellence. Systech is a leading brand of Markem-Imaje and a part of Dover Corporation. Visit www.systechone.com for further information.

About Markem-Imaje:

Markem-Imaje, a wholly owned subsidiary of Dover Corporation, connects products and protects brands through intelligent identification, traceability and consumer engagement solutions. We offer the industry’s most comprehensive range of marking and coding systems seamlessly integrated with trusted software, services and consumables. Over 50,000 customers worldwide partner with us to help them unlock the power of information in codes. With decades of proven expertise provided through the most extensive global network, we empower our customers to optimize supply chain efficiencies, achieve sustainability and compliance objectives, keep products safe and engage their consumers. This is intelligence, beyond the mark. Visit www.markem-imaje.com for further information.

About Dover:

Dover is a diversified global manufacturer and solutions provider with annual revenue of over $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 70 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what’s possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under “DOV.” Additional information is available at dovercorporation.com.

Systech Contact:
Lou Ann Hodges
(609) 395-8400
pr@systechone.com

Dover Media Contact:
Adrian Sakowicz, VP, Communications
(630) 743-5039
asakowicz@dovercorp.com

Dover Investor Contact:
Jack Dickens, VP, Investor Relations
(630) 743-2566
jdickens@dovercorp.com

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SOURCE Dover

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Hagerty to Report Third Quarter 2026 Results and Host Conference Call on Tuesday, November 3, 2026

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20 minutes ago

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October 20, 2026

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TRAVERSE CITY, Mich., Oct. 20, 2026 /PRNewswire/ — Hagerty, Inc. (NYSE: HGTY), a business that makes it easier and more enjoyable to be a driving enthusiast, today announced it will report its third quarter 2026 financial results before the market opens on Tuesday, November 3, 2026.

Hagerty will hold a conference call to discuss the financial results at 10:00 am Eastern Time on that day. A live webcast of the conference call will be available on Hagerty’s investor relations website at investor.hagerty.com. To dial-in for the conference call, please register using the link found here to receive your unique dial-in and PIN.

A webcast replay of the call will be available at investor.hagerty.com following the call.

About Hagerty, Inc. (NYSE: HGTY)
Hagerty is a company built by drivers for drivers, protecting 3.0 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, and the Hagerty Drivers Club, the world’s largest membership community of car lovers.

For more information, please visit www.hagerty.com or www.newsroom.hagerty.com. 

Category: Financial

Source: Hagerty

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SOURCE Hagerty

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LendingTree, Inc. to Report Third Quarter 2026 Earnings on November 3, 2026

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20 minutes ago

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October 20, 2026

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CHARLOTTE, N.C., Oct. 20, 2026 /PRNewswire/ — LendingTree, Inc. (NASDAQ: TREE), operator of LendingTree.com, the nation’s leading online financial services marketplace, today announced that it will release fiscal third quarter 2026 results after market close on Tuesday, November 3, 2026.  The company will also post a letter to shareholders on the Company’s website at investors.lendingtree.com.

The Company will hold its earnings conference call at 4:30 p.m. ET to discuss the release, which will be simultaneously webcast via the Company’s website at investors.lendingtree.com.  The webcast replay will be available following the event.

About LendingTree, Inc.

LendingTree, Inc. is the parent of LendingTree, LLC and several companies owned by LendingTree, LLC (collectively, “LendingTree”).

LendingTree (NASDAQ: TREE) is one of the nation’s largest, most experienced online financial platforms, created to give consumers the power to win financially.  LendingTree provides customers with access to the best offers on loans, credit cards, insurance and more through its network of over 770 financial partners.  Since its founding, LendingTree has helped millions of customers obtain financing, save money, and improve their financial and credit health in their personal journeys. With a portfolio of innovative products and tools and personalized financial recommendations, LendingTree helps customers achieve everyday financial wins.

LendingTree, Inc. is headquartered in Charlotte, NC. For more information, please visit www.lendingtree.com.

INVESTOR RELATIONS:
investors@lendingtree.com

MEDIA RELATIONS:
press@lendingtree.com

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SOURCE LendingTree, Inc.

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