CloudTrade sold to Advanced
Silverpeak moved at pace to capitalise on inbound interest to deliver optimum outcomes for all shareholders
About our client
CloudTrade provides electronic document processing through its patented automatic data-capture technology.
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.
Why they chose us
The shareholders appointed Silverpeak as their exclusive financial adviser to navigate multiple inbound approaches from global strategic buyers and generate competitive tension.
How we added value
Silverpeak spent the time to understand the goals of the shareholders and created an excellent company overview with detailed numerical analysis.
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 with the preferred party.
The successful outcome
A highly competitive process with multiple offers that resulted in a sale to Advanced, a portfolio company of Vista Equity and BC Partners.
Transaction Summary
Client
CloudTrade
Deal Type
Exit
Counterparty
Sector
Software
Amount
Undisclosed
Countries
UK / UK
Silverpeak team
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.