Bigtincan Surges as Vector Capital Steps in with A$183 Million Acquisition

Deal News | Dec 05, 2024 | VC Corp

Bigtincan Surges as Vector Capital Steps in with A$183 Million Acquisition

In a significant transaction within the technology sector, Vector Capital Management, a prominent private equity firm, is set to acquire Bigtincan Holdings Limited. Vector Capital is paying A$0.22 per share, which values the transaction at approximately A$183 million. Bigtincan, known for its sales enablement software and AI solutions, including the innovative Genie AI platform, caters to major global enterprises. This move is expected to invigorate Bigtincan's market position through strategic guidance from Vector. David Keane, CEO of Bigtincan, along with his management team, will continue to steer the company's strategic direction post-acquisition. With all necessary approvals anticipated, the transaction is expected to conclude in the first quarter of 2025. Regulatory support and shareholder agreement are integral to the successful completion of this scheme. Vector's longstanding expertise in technology company transformations reassures stakeholders of a robust post-acquisition operational enhancement.

Sectors

  • Private Equity
  • Technology

Geography

  • United States – Vector Capital is based in San Francisco, highlighting U.S. involvement.
  • Australia – Bigtincan Holdings is listed on the ASX, indicating Australian incorporation and market participation.

Industry

  • Private Equity – Vector Capital, a private equity firm, is acquiring Bigtincan Holdings, which showcases activity within the private equity sector.
  • Technology – Bigtincan Holdings operates within the technology sector, offering software solutions, particularly in sales enablement and AI applications.

Financials

  • A$183 million – Approximate transaction value for the acquisition of Bigtincan Holdings by Vector Capital.
  • A$0.22 per share – The per-share price Vector Capital is paying in the acquisition deal.

Participants

NameRoleTypeDescription
Vector Capital Management, L.P.Bidding CompanyCompanyA leading private equity firm based in San Francisco specializing in technology investments.
Bigtincan Holdings LimitedTarget CompanyCompanyA provider of AI-driven sales enablement software solutions headquartered in the U.S.
David KeaneCEOPersonCEO and co-founder of Bigtincan Holdings, leading its strategic direction.
Regal Funds Management and SQN InvestorsShareholdersCompanyShareholders of Bigtincan that support the acquisition proposal.
Johnson Winter SlatteryLegal Advisor, Vector CapitalCompanyLegal counsel engaged by Vector Capital for the transaction.
Sidley Austin LLPLegal Advisor, Vector CapitalCompanyLegal counsel engaged by Vector Capital for the transaction.
Deloitte LLPTax Advisor, Vector CapitalCompanyTax advisory service provider for Vector Capital.
Alvarez & MarsalFinancial Advisor, Vector CapitalCompanyFinancial advisory firm engaged by Vector Capital for the transaction.
Gilbert + TobinLegal Advisor, BigtincanCompanyLegal counsel for Bigtincan Holdings in the transaction.