Boost IT Acquired by Danish IT Consultancy Emagine
Deal News | Dec 12, 2024 | Iberian Lawyer
Pérez-Llorca Lisboa has advised Nexus Capital Group on the sale of two companies, Boost IT and Hexis Technology Hub, to Emagine, an international Danish IT consultancy firm. Boost IT, founded in 2018 and recognized on Deloitte's Technology Fast 500 EMEA 2023 list, is a leader in IT services, with expertise in digital and data transformation. The company has a robust team of 500 IT professionals along with 50 additional staff members. Hexis Technology Hub, also under the Nexus umbrella, contributes an additional 50 IT professionals to the total workforce. The acquisition was finalized on December 4, 2024, and integration is underway. The legal advisory for this transaction was comprehensive, involving corporate, tax, and labor lawyers from Pérez-Llorca, demonstrating the complexity and significance of the deal.
Sectors
- Information Technology Services
- Legal Advisory
Geography
- Portugal – Boost IT and Hexis Technology Hub are leading IT service providers based in Portugal, underscoring the geographical focus of the article.
- Denmark – Emagine, the acquiring firm, is a Danish IT consultancy, indicating Denmark's involvement in the transaction.
Industry
- Information Technology Services – Boost IT and Hexis Technology Hub are IT service providers specializing in digital and data transformation, highlighting their role in the Information Technology Services industry.
- Legal Advisory – Pérez-Llorca provided a range of legal services related to the sale, marking the Legal Advisory sector's significance to the transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Boost IT | Target Company | Company | A leading IT service provider in Portugal, part of Nexus Capital Group. |
| Hexis Technology Hub | Target Company | Company | A company within Nexus Capital Group focused on IT services, part of Boost IT's acquisition. |
| Nexus Capital Group | Selling Company | Company | A holding company that owned Boost IT and Hexis Technology Hub. |
| Emagine | Bidding Company | Company | An international Danish IT consultancy firm which acquired Boost IT and Hexis Technology Hub. |
| Pérez-Llorca | Legal Advisor | Company | Legal advisory firm providing corporate, tax, and labor services for the transaction. |
| Rodrigo F. Nogueira | Corporate Team Leader | Person | Partner at Pérez-Llorca who led the corporate team in the transaction. |