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Nordic Capital picking up Board International
Posted on Thursday, 10 January 2019 15:43
Private equity investor Nordic Capital has signed on the dotted line to acquire Board International, a Swiss manufacturer of business intelligence and corporate performance management software.

No financial details of the transaction have been disclosed at this time.

Completion is expected to follow at some point during Q1 2019, subject to the green light from regulatory bodies.

Commenting on the deal, Board International chief executive Giovanni Grossi said it would enable the company to continue growing, noting that the new owner’s extensive experience will help with its geographic expansion.

Following closing, Board International’s founders and management team will continue to hold a significant share of the business.

The target was formed in 1994 and has dual headquarters, in Chiasso, Switzerland and Boston, Massachusetts.

It describes itself as a leading software vendor in the business intelligence, corporate performance management and advanced analytics fields and operates from 26 locations worldwide, while its extensive customer base numbers over 3,000 and spans in excess of 100 countries.

According to Zephyr, the M&A database published by Bureau van Dijk, there were 4,049 deals worth a combined USD 166.94 billion targeting software publishers announced worldwide in 2018, compared to the USD 122.14 billion injected across 4,785 transactions in 2017.

As a consequence, 2018 is the most valuable year on record in terms of the aggregate value of deals targeting companies based in the sector, while volume has fallen short of 2015, 2016 and 2017, when 5,466, 5,205 and 4,785 deals, respectively, were signed off.

Of the deals targeting the industry to have been announced in 2018, the most valuable was worth USD 34.00 billion and took the form of an acquisition of US-based open-source technology player Red Hat by IBM.

Other companies in the sector to have been targeted over the course of the 12 months include VMware, DST Systems and Xiaoju Kuaizhi.

© Zephus Ltd