Nuvini Acquires 51% Controlling Interest in Beyondsoft for Approximately $80.7M
Nuvini announced that it has entered into a definitive agreement to acquire a 51% controlling interest in the American business of Beyondsoft Corporation. The transaction represents Nuvini's largest and most strategic acquisition to date, creating a combined technology platform with expected revenues for FY25 of approximately $148M on a pro forma combined basis. Under the terms of the agreement, Nuvini will acquire a 51% controlling interest in the target. The total consideration is expected to be approximately $80.7M, implying an enterprise value of approximately $158M, or 1.4x 2025 revenues. The consideration will be paid in two equal installments: 50% of the total consideration is due on or before December 31 and the remaining 50%, is due on or before December 31, 2029. Beyondsoft Corporation will retain a 49% minority stake in the target. The parties expect to complete the transaction by July, subject to closing conditions, including any required regulatory filings. The transaction is expected to be immediately accretive to Nuvini's revenue, earnings, and EBITDA margins based on pro forma estimates.
