FirstCapital recently advised Valamis, a global leader in digital learning technologies and workforce development, on the sale of a majority stake to Nordic-focused private equity house Adelis.
Based in Finland, with offices in seven countries, Valamis has a successful services business in Northern Europe, and a world class SaaS Learning Experience Platform (“LXP”) with a global enterprise customer base. The management team sought a partner to help accelerate its international expansion and to drive the growth of its software product.
Valamis selected FirstCapital as they needed experienced advisors with a global network of investors and a track record of successfully working with high growth SaaS companies, to deliver the optimal outcome in a deal.
FirstCapital worked closely with the Valamis management team to articulate the opportunity, backed up by a robust set of marketing materials and a detailed financial model. Bids were secured from a number of high quality investors following a competitive process, enabling Valamis to choose the best fit partner for the next stage of growth. Adelis acquired shares from certain existing shareholders and invested growth equity in the company. Current management-owners will continue in their roles, retaining significant ownership and benefitting from Adelis’s knowledge and resources to build on their robust foundations for global expansion.
Jussi Hurskainen, CEO of Valamis, said ”We chose FirstCapital because of their strong track record in working with SaaS companies and their access to top private equity investors globally. They worked tirelessly to ensure that we were fully supported throughout the transaction and provided insightful and timely advice to help us in our negotiations and decision making. I would not hesitate to recommend them”
Jason Purcell, CEO of FirstCapital said “It was a pleasure to work with Jussi and the team. They have developed an amazing product, which is right at the forefront of corporate learning. With Adelis as a partner, I look forward to their global success.”
Valamis is a digital learning company specializing in workforce development, and the developer of Valamis – Learning Experience Platform. Valamis’ customers are large organizations spanning all industries—predominantly finance and insurance, complex manufacturing, and professional services. Headquartered in Joensuu, Finland, Valamis operates internationally with offices in the US, the UK, Germany, the Netherlands, Russia, and India. For more information, please visit www.valamis.com.