Harris Williams Advises SuperOffice on its Pending Majority Investment from Axcel
April 14 2020 - 12:03PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces that it is advising
SuperOffice on its pending majority investment from Axcel.
SuperOffice is a leading Northern European SaaS CRM provider. The
transaction is subject to customary regulatory approvals. The
transaction is being led by Thierry Monjauze and Sylvain Noblet of
the Harris Williams Technology, Media & Telecom (TMT) Group and
Michael Osborne of the firm’s London office.
“It was paramount for the founder’s family to find the right
‘home’ for the company and its employees, and Axcel offers an
exciting opportunity to continue establishing a leading position
across Northern Europe while maintaining the company’s unique
culture,” said Thierry Monjauze, a managing director at Harris
Williams. “The transaction adds to our firm’s successful track
record executing transactions in the Nordics and more specifically
in enterprise software, where we expect to see continued activity
despite current market volatility.”
“We feel privileged to have worked with SuperOffice’s management
team as they enter into a private equity partnership for the first
time, and we are delighted with the outcome for all parties
involved, particularly given the current macroeconomic climate,”
said Sylvain Noblet, a director at Harris Williams. “We look
forward to following the company through its next chapter.”
SuperOffice is a leading provider of cloud-based CRM software to
business-to-business companies in Europe. SuperOffice delivers a
strong CRM that offers integration to office productivity tools
like Office 365 and G Suite; support for automation of marketing,
sales and customer service processes; and flexible tools for
digital customer engagement. In addition, the SuperOffice App Store
offers a wide selection of applications for extending as well as
integrating the solution to a wide variety of other business
systems. SuperOffice is about to launch generation 9 of their
software which will include a new and improved user interface, AI
services and a number of general improvements which will benefit
the more than 5,500 customers. The company is headquartered in
Oslo, Norway, with go-to-market organizations in Sweden, Denmark,
Germany, Netherlands, Switzerland and the U.K., as well as a
customer experience center in Lithuania.
Founded in 1994, Axcel is a Nordic private equity firm focusing
on middle market companies and has a broad base of both Nordic and
international investors. Axcel has raised six funds with total
committed capital of just over €2.5 billion. These funds have made
55 platform investments, with almost 100 major add-on investments
and 43 exits. Axcel currently owns 12 companies with combined
annual revenue of more than €1.3 billion and more than 5,000
employees.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams TMT Group advises leading private and public
companies, entrepreneurs, private equity firms and venture capital
firms on mergers and acquisitions and capital-raising transactions
worldwide. The TMT Group has deep domain expertise in the IT
Services, Software/SaaS and Internet & Digital Media segments,
with particular emphasis on specific verticals including education
technology, data analytics, energy technology, fintech, public
sector, and supply chain/logistics—with a dedicated healthcare
technology (HCIT) practice. Across verticals, the firm also advises
technology services and networking solutions businesses. For more
information on the TMT Group and its recent transactions, visit the
TMT Group’s section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
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