M-Brain Oy has signed an agreement to purchase the entire share capital of Global Intelligence Alliance Group Oy (GIA). The sellers are funds managed by CapMan Oyj, as well as GIA:s management and other individual shareholders.
The companies will be integrated into each other during the autumn. Following the acquisition, M-Brain will become a global Market Intelligence provider, combining M-Brain’s content production and SaaS solutions with GIA’s market intelligence, strategic analysis and related software solutions. The combined entity will have offices in twelve countries.
The 2014 pro forma net sales will amount to approximately euro 34,5 million and an EBITDA of approximately euro 4,5 million, excluding non-recurring items. The combined staff will amount to 450 employees. The companies complement each other perfectly. The acquisition will result in cost synergies as well as new innovative business solutions. Synergies are expected to take effect in 2015.
“Knowledge management and real-time market intelligence is a critical success factor in an ever globalizing business environment”, says M-Brain’s Executive Chairman Kim Nyberg. “Cost efficient solutions allowing both top management and other functions access to coordinated intelligence have been limited”. “M-Brain is a market leader in Finland. GIA strengthens our international position, especially in Asia and the Americas, as well as our European operations. M-Brain will become a market leader in the Nordics and a significant international player”, Nyberg concludes.
Markko Vaarnas, CEO and co-founder of Global Intelligence Alliance Group commented, “With CapMan as our investor since 2007, we managed to internationalize our innovative Market Intelligence partnership concept to global growth markets. Now we are excited to take the next step forward.
M-Brain is a European based information services company with offices in seven countries. Our services are based on a unique combination of our own proprietary big data technology and human intelligence. We offer media and business intelligence solutions, analytics and consultation services, as well as online intelligence tools and technology to bring true insight into our clients’ business environment. Our solutions and services are tailored to serve varying business needs regardless of function, industry type or language barriers.
Global Intelligence Alliance (GIA) is a strategic market intelligence and advisory group. GIA was formed in 1995 when a team of market intelligence specialists, management consultants, industry analysts and technology experts came together to build a powerful suite of customized solutions ranging from outsourced market monitoring services and software, to strategic analysis and advisory.
CapMan Group is one of the leading private equity firms in the Nordic countriesand Russia, with assets under management of approximately €3.1 billion. CapMan has five investment partnerships – CapMan Buyout, CapMan Russia, CapMan Credit, CapMan Public Market, and CapMan Real Estate – each of which has its own dedicated investment team and funds. Altogether, CapMan employs approx. 100 people in Helsinki, Stockholm, Oslo, Moscow and Luxembourg. CapMan was established in 1989 and has been listed on the Helsinki Stock Exchange since 2001.