What ClearCourse paid

1 disclosed price, what it deploys, what it owes and what its capital costs — every figure from a filed account.

The register tracks ClearCourse as one of 13 European software serial acquirers, with accounts in GBP. One of its acquisitions discloses enough to price: ThinkSmart Group in 2024, at 2.63x the acquired company’s annual revenue (measured). In 2024 it deployed 35.7 EUR m across 5 acquisitions (floor, 7.14 EUR m average cheque).

1acquisition on file with a disclosed price — of 5 made in 2024

2.63xmedian price paid per unit of annual revenue (2.63x)

35.7EUR m deployed in 2024 (floor)

Acquisitions on file, with a price

One row per disclosed observation. Colour of the basis tag shows where the number comes from, as on the prices page. Click a company for its own page.

Acquired company	Revenue, EUR m	Year	Price paid	Basis
ThinkSmart Group	2.2	2024	2.63x	measured

Price paid per unit of the acquired company’s annual revenue. 1 of the 1 row is measured — consideration and revenue both stated in the acquisition note; Amounts are converted to euro at the ECB annual reference rate; the multiples are ratios within one currency and are not converted.

What it deploys

In 2024, ClearCourse deployed 35.7 EUR m across 5 acquisitions — the floor figure; buying often and deploying heavily are not the same strategy. The average cheque was 7.14 EUR m.

Capital deployed EUR m	as filed		Acquisitions	Average cheque EUR m	Year	Basis
35.7	30.2	GBP	5	7.14	2024	floor

“Floor” is the sum of the individually named acquisitions and can only be too low, because unnamed ones are missing. Converted to euro at the ECB annual reference rate for the buyer’s own reporting year; the figure as filed stands beside it. Full table: how much they deploy.

What this does not support

1 priced deal is not a distribution. Below four prices the median is the middle of a couple of points, and the range is the distance between them.
These are revenue multiples, not earnings multiples. Most acquisition notes give no usable profit figure for the company bought.

Sources

Every figure on this page is read from a filed account or the buyer’s own published report: find-and-update.company-information.service.gov.uk. Retrieval dates and parser versions are kept with the register. Method and limits.

Other acquirers

Banyan Software UK (median 2.36x) · Hawk Infinity AS (median 2.27x) · Bending Spoons S.p.A. (deployed 1’733.7 EUR m) · all acquirers

The rest of the register

Guess what serial acquirers paid →What European software serial acquirers actually pay, from filed accounts. Guess the price, then see the source.

What was paid, per unit of revenue →Every disclosed acquisition price in the register, one row per observation, coloured by how well it is evidenced.

The acquirers, one by one →Every tracked buyer with its prices, capital deployed, debt and what its capital costs.

Every deal on file →One page per disclosed acquisition, with the filed source and where its price sits in the register.

How much they deploy →How much capital each European software serial acquirer actually puts to work, and across how many acquisitions.

What they owe, and what it costs →Net debt against revenue, the interest each buyer actually pays, and every credit facility on file with its terms.

What their own capital costs →An estimate of what each buyer pays for capital, set against the 20-30% return they demand of the companies they buy.

Method, limits and imprint →How every figure in this register is sourced, what the sample does not support, and the legal notices.

Figures as at 2026-09-08. Every number on this page comes from a filed account or a company’s own published report — how, and what it does not support.