Silverpeak sponsor U.K. tech figures to row across the Atlantic Ocean

Two U.K. tech figures are to row across the Atlantic Ocean to raise money for a charity that funds social entrepreneurs from minority backgrounds.

Guy Rigby, founder and now chair of the Entrepreneurial Services Group at Smith & Williamson, and entrepreneur, investor David Murray, are looking to raise £1m for UnLtd, which has supported more than 15,000 social entrepreneurs in the U.K.

The brave pair will row the 3,000 miles in December 2021 from the Canaries to Antigua, which they hope to reach in February 2022, rowing individually, 2 hours on, 2 hours off, around the clock for the duration of the crossing.

UnLtd has previously backed startup firms, including Patchwork Hub, which built an accessible employment platform run by disabled people, as well as EduKit, which developed an app to help school staff understand and address the mental health needs of their students.

Over the last year, UnLtd supported 662 social entrepreneurs, 42% of whom identified as being from a Black, Asian or minority ethnic background and/or having a disability.

You can donate to their fundraising efforts here.

Silverpeak is delighted to support Guy and David in their attempt by sponsoring their safety equipment such as their personal locator beacons, life jackets, harnesses, and water pumps.

SEMINAR | Current trends in tech exits and financing | 23 November 2021

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Silverpeak and Shoosmiths held a joint seminar on ‘Current trends in tech exits and financing’, on Tuesday, 23 November 2021 at Shoosmiths’ offices in London.

A recording is to follow to cover which covers practical guidelines and best practices for those seeking to sell or raise financing in the current environment. We will hear the compelling views and experiences of both a CEO and an investor: we were delighted to have as a panellist Simon King from Octopus Ventures with the second guest panellist to be announced.

Agenda (UK Times)

17:00   Registration
17:30   Session Begins
18:45   Networking
20:00  Close

Seminar location

Shoosmiths London

 

Silverpeak advises CloudTrade on sale to Advanced

Silverpeak acted as the exclusive financial advisor to CloudTrade on its sale to Advanced. CloudTrade is the leading provider to enterprise clients of e-invoicing, e-order and complex data capture services through its SaaS machine learning platform.

This is Silverpeak’s third software transaction in the last two weeks, reinforcing our expertise and experience advising software companies in Europe on both funding and M&A.

CloudTrade was founded in 2010 to offer a fresh approach to electronic document processing. Their unique, patented technology, enables companies to evolve past their reliance on paper or labour-intensive manual processing and transact digitally with their trading partners, irrespective of size or technical maturity. CloudTrade’s core product suite focuses on e-invoicing, including Universal Capture to automate all volumes and document types, Invoice Fraud Protection, as well as Intelligent Ordering Processing.

Silverpeak worked with the CloudTrade board to navigate multiple inbound approaches from global strategic buyers and generate competitive tension. This delivered multiple offers valuing the business at a strategic price, thus negating the need for a broader process. After engaging in a thorough preparation phase, the Silverpeak team worked to a tight timetable to quickly qualify the inbound approaches, negotiate the transaction and manage the process through to completion.

David Cocks, CloudTrade CEO, said, “Silverpeak spent the time to understand the goals of the shareholders and created an excellent Company overview with detailed numerical analysis. The team at Silverpeak took control of the whole process and without their diligence, tenacity and attention to detail, I have doubts whether it would have actually happened. It was really encouraging and exciting to have an experienced team working on our side, fully aligned with our objectives.”

Paddy MccGwire, Silverpeak Managing Partner leading the transaction said, ”This is a great outcome for David and his team at CloudTrade, demonstrating significant leverage to the investment round he received just over 3 years ago. Many transactions have a hurdle that appears during the process that needs to be overcome. This was no different. Silverpeak’s imaginative solution, working with the buyer, ensured we kept on track. Advanced is a very suitable strategic home for the business where the technology and platform can be fully exploited.”

Silverpeak advises Safran software solutions on its acquisition by JDM technology group

Silverpeak, the financial advisor to growth technology companies, acted as the exclusive advisor to Safran Software Solutions AS. This is Silverpeak’s fourth deal advising SaaS and software clients in the last six months.

Safran’s world class software enables businesses to precisely plan and execute large projects across industries including oil and gas, engineering and construction, aerospace and defence, utilities, and the public sector.

Since 1997, Safran has worked closely with its customers to understand the complex requirements of planning and project controls. Risk management has been a key part of Safran’s value-add and is a strong differentiator, and a new SaaS product was launched in early 2021 to further extend the range of the Risk portfolio.

Safran has offices in New York, London, and Oslo, with an international sales team and a network of partners and resellers.

The Silverpeak team worked as the exclusive financial advisor to Safran and its shareholders, performing detailed valuation analysis, identifying strategic investors and acquirers, and negotiating the cross-border transaction through to a successful completion with JDM Technology Group.

JDM is a global group of leading software providers for the architecture, engineering, construction, maintenance and operations industries. The deal highlights the strategic fit between JDM and Safran.

Per Arne Jensen, Chairman Safran Software Solutions: “Through the process we were very pleased with Silverpeak’s work quality and ethics with regards to materiel production, buyer universe definition, negotiations and process management.”

Pietro Strada, the Managing Partner at Silverpeak leading the process added: “It has been a pleasure to work with Richard Wood and Progressus (Per Arne Jensen and Rune Jensen). Safran Software is a world leader for risk analysis and management software, and this was recognised during the process, which led to the strategic acquisition by JDM Technology Group. The Silverpeak team led by Chris White and myself is delighted to have advised Safran in this strategic deal.”

 

For more information please contact

Pietro Strada: p@silverpeakib.com

Christopher White: cw@silverpeakib.com