LONDON: The Apax Digital Fund (ADF) has announced that it has agreed to sell portfolio company Signavio, a leading provider of business transformation solutions, to SAP, subject to customary closing conditions.
The transaction values AGA’s look through investment in Signavio at approximately €8.7m1. This represents an uplift of c.80% to last Unaffected Valuations and an uplift of c.€3.9m (c.€0.01 per share) in the Adjusted Net Asset Value of AGA at 30 September 2020.
Note that these figures relate to AGA’s look through position of ADF’s overall investment in Signavio and are stated before taking into account any closing adjustments, fees, costs, and carried interest, and translated based on the latest exchange rates available where applicable.
Founded in 2009, Signavio is a leading provider of SaaS-based business-process analysis and decision-management software that helps companies design, implement, analyse and manage complex processes, decisions and workflows.
Signavio’s Business Process Intelligence Suite includes a centralised collaborative hub and three core product offerings : ‘Signavio Process Manager’, which allows customers to design and build process and decision models; ‘Signavio Workflow Accelerator’ which transforms business process models into standardised workflows; and ‘Signavio Process Intelligence’, which ingests transactional data from customers’ systems to analyse and optimise processes.
AGA, whose shares are listed on the London Stock Exchange, provides investors with access to the investment expertise of Apax Partners through its investments in a diversified portfolio of private equity funds advised by Apax Partners as well as derived investments in debt and equity. In May 2017, AGA made a commitment of $50m to ADF.