Entrea Capital аdvised Prime Holding, a fast growing IT Outstaffing company, on the аcquisition of competitor SBND Technologies

Entrea Capital аdvised Prime Holding, a fast growing IT Outstaffing company, on the аcquisition of competitor SBND Technologies

Entrea Capital аdvised Prime Holding, a fast growing IT Outstaffing company, on the аcquisition of competitor SBND Technologies

Client: Prime Holding
Status: Private
Sector: IT Outstaffing
Revenue: €3.7m (2014)
Web: www.primeholding.com
Buyer: SBND
Status: Private
Sector: IT Outstaffing
Revenue: €1.4m (2014)
Web: www.sbnd.net

Client: Prime Holding

  • Prime Holding is a leading Bulgarian IT outstaffing company, specialized in software development and consulting
  • The company has been developing rapidly in the past 2 years, attracting top software professionals in Bulgaria
  • The Prime Holding team consists of solid engineers, experts at all levels of the software analysis and development, providing high-end comprehensive outstaffing services to clients in the USA and Bulgaria

 

Target: SBND Technologies

  • SBND was established in 1999 and is specialized in providing oustaffing services to more than 20 global clients and their Bulgarian subsidiaries
  • The company and its subsidiaries provide the full cycle of software development and services – from solution design and software development to outsourcing application support and enhancement

 

Situation Overview & Solution

  • Prime Holding was looking to further support its growth by acquiring companies with proven track record, established traditions in the IT outstaffing sector and diversified client base
    Prime Holding hired Entrea Capital to identify potential targets, analyze their financial performance and provide expert advice in the negotiation process with the shareholders

 

Entrea Capital’s Role and Value Added

Entrea Capital provided the following value-added services to Prime Holding:

  • Screened potential acquisition targets
  • Identified SBND as the most suitable target for Prime Holding
  • Established contact with the shareholders of SBND
  • Analyzed the financial performance of SBND and its subsidiaries and lead and coordinated the entire due diligence process 
  • Provided expert advice during due diligence and all phases of the negotiation process for the acquisition of 100% of the shares of SBND