Grape Solutions
Absolvo advised Grape Solutions – a fast-growing, award-winning Microsoft partner in custom apps, BI, and cloud – on its full acquisition by a major utility provider, enabling a complete exit for shareholders.
Deal summary
Our client an award-winning Microsoft partner, rapidly growing, 100+ expert company specializing in custom business applications, business intelligence, data warehousing, and cloud solutions, serving multinational corporations, has been acquired by a large utility company providing a full exit for the shareholders.
Deal rationale
The aim of the deal was to ensure an exit for the founder, and to find an ideal strategic buyer that can provide great vision for the management and the team. Grape Solution hold many rare Microsoft capabilities making them an attractive target in the CEE region. From the buyer perspective, it’s a bold decision acquiring tech capabilities in the times of intensive digitalization plans, when utility companies need to have own capacities and knowledge to maintain and further develop critical software infrastructure, solutions and processes.
Absolvo's contribution
Our M&A team delivered end-to-end advisory services throughout the transaction, including strategic, business and financial planning, valuation, defining competencies, strengths, and competitive advantages, developing a strategic partner profile, preparation of Information Memorandum, engagement with potential strategic investors, negotiation and evaluation of LOIs, support during due diligence, negotiating the SPA (sale and purchase agreement), and coordination of the signing and closing, and other deal related tasks.
The deal team
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