Clare Capital is pleased to announce the sale of Snapper to Allectus Capital. Clare Capital advised Infratil, the previous owner of Snapper, on the successful transaction.
The full announcement can be found here.
Category Archives: M&A
Clare Capital advises the NZX on the sale of its business unit to Zenith Investment Partners
Clare Capital is pleased to announce the sale of NZX’s FundSource business unit to Zenith Investment Partners. Clare Capital advised NZX on the successful transaction.
The full announcement can be found here.
Clare Capital advises ProActive Software on its sale to ELI Global
Clare Capital advised Software-as-a-Service (SaaS) business ProActive Software on its sale to ELI Global.
ProWorkflow, the product behind ProActive Software, is a fully featured project management, workflow and time management tool, supplied as a SaaS solution.
Clare Capital advises Computer Power Plus on its sale to Whitecliffe Enterprises
Clare Capital advised IT tertiary provider Computer Power Plus (a joint venture between Whitireia NZ and WelTec) on its sale to Whitecliffe Enterprises.
Computer Power Plus is a specialist IT training institute that provides a wide of range of NZQA approved IT programmes from Certificate to Advanced Diploma level.
A copy of the Press Release can be found here: https://www.whitecliffe.ac.nz/news/computerpowerplus/.
Clare Capital advises Touchtech on its merger with Springload
Clare Capital is pleased to announce it advised Touchtech on its merger with Springload.
Touchtech is a product design and engineering studio building web and mobile applications. Springload creates websites and apps that improve businesses and people’s lives. The combined business is now the largest independently owned digital agency in Wellington, with 70 staff.
A copy of the Press Release can be found here: https://touchtechlabs.com/insights/touchtech-springload-merger/
Clare Capital advises COMSMART on its sale to Fortlock Holdings
Clare Capital is pleased to announce it advised COMSMART on its sale to Fortlock Holdings.
COMSMART is an IT services company based in Wellington (NZ). It services include:
- Consulting – business and data analysis, performance monitoring, roadmap planning.
- Professional Services – design, architecture, project management, implementations, site audits and project work.
- Managed Services – maintenance and support through Service Level Agreements and T&M based Service Desk support.
- Product Sales – hardware and software sales to regular customers as well as the general public.
- Recruitment – sourcing the right people for customer’s internal IT resource requirements.
This is the fifth deal Clare Capital has completed in the last twelve months.
A copy of the Press Release can be found here: http://www.scoop.co.nz/stories/BU1711/S00884/fortlock-group-acquires-comsmart.htm
Clare Capital advises Heyday on majority sale to WPP/JWT
Clare Capital was the financial adviser to Heyday on their majority sale to WPP / JWT a global advertising and branding company based in the UK.
Heyday (formerly Doubleclique) is a Wellington-based digital design agency. Heyday’s full range of digital design services includes:
- Insight – marketing and audience research, digital strategy, proposition design, content strategy and technical architecture.
- Ideas – conceptual & prototyping, digital content and communications, social media marketing.
- Design – visual design, UX and interaction design, rich media.
- Delivery – website development, web application development, search engine optimisation, search engine marketing, mobile application development, project management, copywriting, digital video production.
- Improvement – analytics and measurement, support, training, performance optimisation.
The Founder’s Guide To Selling Your Company
Through our M&A experience and capital raising, we think this article hits the nail on the head in terms of how Founders should be thinking about selling their business. Moreover, it does not necessarily relate to just start-up tech companies, but provides an overview of the process for entrepreneurs if you are thinking about selling your company. It is definitely worth a read.
Clare Capital advises Environmental Offshore Services on their sale to SLR Consulting
Clare Capital was the financial adviser to Environmental Offshore Services on the sale of the business to SLR Consulting.
Environmental Offshore Services (EOS) was a Nelson-based company specialising in offshore oil and gas environmental regulatory regime consultancy. EOS was owned by founder Dan Govier. Services include:
Directories & Private Equity
Print-form directories have historically been a key cornerstone part of telecommunication businesses worldwide. This is changing, and what is occurring is a perfect example of Disruptive Innovation usurping a Sustaining Business Model.
History will show that the sale of Yellow Pages to a US-based private equity firm for NZD $2.24 billion was timed to near to perfection. At the time of sale in 2007, print directories were still a cornerstone aspect of telecommunication businesses. The Yellow Pages in particular had experienced constant revenue growth prior to the sale. And it’s also not hard to understand this, most people remember getting their White and Yellow pages in the late 1990s and early 2000s – and actually using them. Supplementing this, it was before the Global Financial Crisis, a period of cheap capital, in particular for private equity firms.