Bryan, Garnier & Co acts as Sole Financial Advisor to the shareholders and founders of Evora IT Solutions Group on the sale of the company to Allgeier SE
- Bryan, Garnier & Co acted as Sole Financial Advisor to Evora’ shareholders and founders throughout the entire investor process
- Bryan, Garnier & Co run a thorough and structured process, leading to a highly competitive process. Strong competitive tension and valuation guidance, resulted in a significant number of highly attractive NBOs from both financial sponsors and strategic parties
- Bryan Garnier ran a parallel accelerated process with a handful of shortlisted parties with Evora selecting Allgeier as the eventual buyer
- This transaction continues to demonstrate Bryan, Garnier & Co’s growing expertise and track record in the IT Services and Software sectors. Notable other transactions include 21 Invest’s acquisition of TVH, the minority investment of Andera in Artemys and the acquisition of Easyvista by Eurazeo
Evora is a German headquartered, fast-growing Global IT Services and solutions provider with employees across India, the US, Canada, Austria, Brazil, and Canada.
In 2021, Evora mandated Bryan, Garnier & Co to find a suitable partner to explore options to drive accelerated growth and future expansion of the company. Bryan, Garnier & Co acted as Sole Financial Advisor to the shareholders and founders of Evora on the sale of the company. Bryan, Garnier & Co supported the shareholders in evaluating strategic options, preparing transaction documentation, managing the deal process, evaluating buyers and offers, coordinating due diligence, and negotiating transaction contracts.
About Evora Group
Founded in 2011 with more than 190 people in across Germany, the US, India, Canada, Brasil, Austria. The company is offers a comprehensive SAP, ServiceNow and Salesforceservice portfolio, complemented with proprietary software modules for SAP. It has accumulated a strong niche expertise in digital maintenance, field service management and mobile workforce management solutions.
About Allgeier
Allgeier SE is one of the leading technology companies for digital transformation: The fast-growing group with headquarters in Munich guides its clients through the challenges of digital transformation to ensure their future success. Allgeier has a broad and stable customer base of globally operating corporations, high-performance medium-sized companies, and public sector clients. Allgeier offers its more than 2,000 customers a fully comprehensive IT and software services portfolio, ranging from high-end software development to business efficiency solutions to support the digitization and transformation of business-critical processes. The Enterprise IT and management technology partners segments employ more than 2,500 salaried staff and around 700 freelance experts in a total of 71 offices in the DACH region, France and the Czech Republic, as well as in the USA and Vietnam.