PARIS, FRANCE: Synsion BidCo, a company controlled by DBAY Advisors, has increased its stake in SQLI by acquiring a block held by the Nobel fund representing 5.6% of SQLI’s capital. DBAY Advisors, which already held 66.8% of the capital of SQLI, will hold 72.4% of the capital following this acquisition.
This acquisition is made through an off-market transaction at a price of 38.50 euros per share. The outcome of the operation will take place on June 16, 2022.
DBAY Advisors is an Isle of Man-based and regulated asset management firm investing in listed equities as well as unlisted instruments. DBAY Advisors supports management teams and assists them in the process of growing their businesses.
Given its global network and experience, DBAY Advisors has strong expertise in re-launching business strategies, processes and business development internationally.
In particular, DBAY Advisors has a strong knowledge of the technology sector thanks to majority stakes in companies such as Unlimited Group, a digital marketing agency with a recognized sales team; Harvey Nash, a leading integrated technology and outsourcing company with global reach (US, Europe and Asia); and more recently, Telit, a global leader in Internet of Things (IoT) hardware and software. SQLI is expected to benefit from collaboration opportunities with other DBAY investments.