Sofindev and management have sold Companyweb to Altares, a portfolio company of Naxicap
Antwerp – CFI is pleased to announce it has acted as the exclusive corporate finance advisor to the shareholders of Companyweb in its sale to Altares.
About Companyweb
Companyweb is the leading provider of subscription-based credit information and private company data intelligence in Belgium. Since its inception 20 years ago, it has grown rapidly into the go-to innovative platform for the Belgian SME market for high-quality company data, delivering on-demand insights, purpose-built tools and easy-to-implement integrations, essential for customers to make better informed, data-driven decisions. In 2018 Belgian private equity firm Sofindev joined Companyweb as co-shareholder.
About Altares
Altares is servicing medium and large companies offering B2B data across the entire data value chain in financial risk, compliance, sales and marketing, and master data management in France, Benelux and North Africa. Altares has an exclusive partnership with Dun & Bradstreet, the world’s leading global provider of business decisioning data and analytics for almost 200 years. Altares is backed by Naxicap Partners since 2016.
About the transaction
Thanks to this strategic acquisition, Altares will be able to also address the SME segment. The current management team of Companyweb is fully committed to the transaction and remains in charge of the operations. This partnership enhances both companies’ capabilities, delivering greater value and broader solutions to the market.
This transaction further underscores CFI’s continued dedication to the Software & IT Services sector globally, and highlights our successful and long-standing track record of orchestrating (cross-border) PE-exits in technology in the Benelux.
CFI’s role in the process
CFI has maintained a long-standing relationship with Companyweb acting as advisor to the founders in 2018 when Sofindev became co-shareholder. CFI has provided full-fledged M&A advisory services, including identifying and engaging potential buyers that aligned with Companyweb’s strategic objectives. CFI also managed the (vendor) due diligence process, ensuring that all financial, operational, and legal aspects were thoroughly reviewed and addressed. Furthermore, CFI negotiated key terms to facilitate a mutually beneficial agreement, ultimately guiding Companyweb through a successful sale to Altares.
The shareholders of Companyweb: “CFI played a crucial role in every step of the process which was executed in accordance with the textbook, allowing us to accomplish a fantastic outcome for Companyweb and all stakeholders.”
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Transaction details
Companyweb, the leading provider of subscription-based credit information and private company data intelligence in Belgium, has been sold to Altares, a provider of B2B data solutions, servicing medium and large companies across the entire data value chain
This transaction was advised by:
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