Acquisition of Sage Poland by Mid Europa Partners
Advisor to Mid Europa Partners on the acquisition of Sage Poland
Target: Sage Poland
Buyer (client): Mid Europa Partners
Seller: Sage Group
VCP’s role/competence: buy-side M&A advisor
VCP acted as a buy-side advisor to Mid Europa Partners on the acquisition of Sage Poland, a leader in cloud-based business management solutions for Polish SMEs
Sage Group has decided to sell its Polish business operating under the well-known Symfonia brand at the end of 2020 as it is deemed to be outside of Sage’s core strategic focus
Sage Poland was looking for a strong and highly reputable investor who will enable the company to realize its ambitious plans
Mid Europa Partners will support Symfonia’s management team in the execution of future strategic initiatives, including new product development and the expansion of its cloud offering
The sale process was run as a limited auction and approach was made to selected strategic players and financial investors
VCP supported Mid Europa Partners in understanding of competitive landscape of the transaction and developing deal tactics, as well as preliminary analysis of potential add-on targets
The transaction was signed in December 2020 and is subject to approval by the Polish antitrust regulator UOKiK.
The deal is expected to complete in Q1 2021
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