About the Client
Founded in 2011 as a subsidiary to Bonnier Growth Media, Mag+ is a digital publishing tools provider allowing publishers and enterprise clients to create and distribute mobile applications for content sharing. Based in Stockholm, Sweden, and New York, USA, Mag+ serves a global customer base including sector leaders within publishing, education, retail, automotive and more.
About the Deal
GP Bullhound, the technology investment bank, acted as the exclusive financial advisor to Bonnier Growth Media on its sale of Mag+ to MPS Limited.This represents the completion of GP Bullhound’s 11th transaction in 2016 and further establishes the firm’s expertise in advising SaaS category leaders, following on from recent transactions including Signavio and Multiposting.
Staffan Ekholm, CEO of Mag+, commented: “Having spent the past six years working together with our team to build Mag+ into one of the world’s most sought after publishing platforms, plus recently launching a second innovative app creation tool (Semble) on the market, I am proud to say that MPS is the perfect home for our company’s future. It’s a home that will embrace the legacy of our strength in building innovative tools for transforming content and stories into apps on mobile devices and grow our businesses further and to its fullest potential.”
“GP Bullhound has done a fantastic job helping us navigate through this transaction. It’s been great working with their always professional and impressively hard working team.”
Ulrika Saxon, CEO of Bonnier Growth Media, commented: “Under Staffan Ekholm’s leadership, Mag+ has succeeded in broadening its offer to new customers and new product categories. I’m convinced that MPS, with its focus on platforms and services for content development, will provide a good environment in which Mag+ can continue to develop.”
Carl Wessberg, Director of GP Bullhound, commented: “Mag+ is a leader and has been a pioneer in providing tools for mobile application creation ever since the early days of the iPad. We are delighted about the combination with MPS which will allow Staffan and his team to continue on this journey and to strengthen the position.”