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Worksmart acquired by Davies

Silverpeak unlocked sources of hidden value and leveraging inbound interest to deliver optimal outcomes for all shareholders

About our client

A leading supplier of regulatory technology (“regtech”) for people and process management, enabling organisations to track and manage complex regulatory processes.

Worksmart has a plethora of blue-chip clients across banking, insurance and private investment. They have also been amongst the world’s most innovative regtech companies, making the RegTech100 global directory for two years running.

Why they chose us

The shareholders of Worksmart engaged Silverpeak due to its relationships with over 50 regtech buyers, many of which have indicated their strong appetite to continue investing in the regtech space.

How we added value

Silverpeak worked with the management team to uncover every source of value and refine the equity story before identifying the most relevant global buyers that would benefit from this regtech business.

After engaging in a thorough preparation phase, the Silverpeak team worked to a tight timetable to quickly qualify and manage the interested parties, negotiate the transaction and manage the process through to completion with the preferred party.

The successful outcome

A very competitive process with strategic buyers from Europe and the USA, resulting in a sale to BC Partners’ portfolio company Davies in under 6 months.

Transaction Summary

Client

Worksmart

Deal Type

Exit

Counterparty

Sector

Software

Amount

Undisclosed

Countries

UK / UK

Silverpeak team

Silverpeak worked hard and fast to understand every element of our business, discovering sources of hidden value strategically important to our eventual acquirer. I have no doubt this helped deliver a materially higher sale price.
Andy Nightingale | CEO