Amsterdam/Brussels – Corporate Finance International (‘CFI’) is delighted to announce it has acted as the exclusive corporate finance advisor to Endeit Capital, Fortino Capital, Gimv and other shareholders of Real Impact Analytics S.A. (“Riaktr”), in its sale to Seamless Distribution Systems AB (”SDS”), a company listed at the Nasdaq OMX Stockholm exchange.
Riaktr is a global supplier of proprietary software technology for Business Analytics and Big Data in the telecom sector, headquartered in Brussels, Belgium. The product portfolio comprises innovative platforms for advanced analytics of Big Data and processes for sales optimisation as well as network infrastructure optimisation for telecommunications companies. The advanced proprietary platform, which is continuously improved by machine learning models, offers end-to-end solutions through concrete insight models and tangible action points for telecom operators that will increase competitiveness, efficiency and reduce costs.
Seamless Distribution Systems (ISIN: SE0009994445; ticker: STO:SDS) is a Sweden-based international software company that specialises in mobile payment services for mobile operators, distributors, retailers and consumers. SDS ensures that telecom operators can sell their telephone subscriptions, where SDS products and services handle up to 90% of the telecom operator’s sales. Today, SDS has implemented solutions in fintech, advanced analytics and retail value management with clients in over 60 countries.
The acquisition strengthens SDS’s portfolio with Riaktr adding both advanced complementary technology and cutting-edge development and sales teams in Belgium and South Africa with an uncompromising focus on Big Data Analytics and Business Intelligence for global telecom operators in Africa, Europe, South Asia and Latin America.
The sellers are three European funds: Endeit Capital, Fortino Capital Partners and Gimv, as well as private individuals (Riaktr’s founders, management, employees and early investors). Endeit Capital is a growth capital investment firm with offices in Amsterdam and Hamburg. Fortino Capital Partners is a Benelux-focused enterprise software investor with a pan European reach. Fortino Capital invests in both Venture Capital and Growth private equity assets. Gimv is a European investment company, listed on Euronext Brussels, currently with c. EUR 2 billion assets under management and focusing on four investment platforms: Connected Consumer, Health & Care, Smart Industries and Sustainable Cities.
“Over the last years, Riaktr has developed two products which are now mature and ready to scale across different markets. Seamless is the perfect partner for Riaktr to access new geographies and accelerate our growth. Joining Seamless will allow the Riaktr team to materialize our ambitious vision to provide every telecom operator employee with tailored actionable insights”, says Sébastien Leempoel, CEO at Riaktr.
The Riaktr shareholders selected CFI’s Software & IT Services group in the Benelux to serve as their lead M&A adviser in the transaction. Edwin Hengstmengel, partner at Endeit Capital and board member at Riaktr commented, “We are very pleased to have the CFI team represent us in this exit process. CFI’s experience in the software industry proved key, knowing the relevant players globally and capturing the value from our industry and company dynamics.” Renaat Berckmoes, partner at Fortino Capital Partners and board member at Riaktr added: “CFI did a great job navigating a diverse group of sellers comprising of several international private equity groups, private individuals and management through this process, whilst never losing sight of our joint and individual objectives.”
CFI initiated discussions and negotiations in a competitive and global process, which ultimately resulted in a successful sale to Seamless Distribution Systems, that closed on 7 May 2021. The acquisition of Riaktr was financed by SDS through a Nordic high yield bond and the conversion of existing shareholder loans into shares.
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