Open GI parent trims losses in year of Ares deal
Open GI’s parent company, OM Bidco, cut operating and post-tax losses in the year Ares Management bought the business, a filing at Companies House has revealed.
The document listed operating losses for the year ended 31 May 2025 fell by just over £1.6m to £6.46m. The group loss after tax was trimmed by £327,000 to £29.81m.
The improvements followed on from post-tax losses shrinking from £38.48m in 2023.
TakeoverInsurance Age revealed in September 2024 that private equity house Ares Management had signed up to buy the Worcester-headquartered software specialists.
RelatedOpen GI parent reports loss in run-up to Ares investment Montagu agrees to sell Open GIOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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