Menu People

Sinch

sold to

CLX

December 2016

 

About the Client

Sinch is a cloud-based, mobile communications platform that makes adding Voice, Verification, Video, SMS, and IM into apps easier than ever. Originally spun out of Rebtel in May 2014, its mission is to enrich the modern app experience and become the preferred partner for modern app communications.
 

About the deal

GP Bullhound acted as the exclusive financial advisor to Sinch on its sale to CLX Communications (OM:CLX). This represents the completion of GP Bullhound’s 22nd transaction in 2016 and further establishes the firm’s expertise in advising software category leaders.
 

Quotes

Andreas Bernström, CEO of Sinch, commented: “We are very excited about joining forces with CLX and we are convinced that the combination of the two businesses has a strong industrial rationale. CLX’ acquisition of Sinch transitions CLX Communications from being a global cloud-messaging company to becoming a true multi-channel communications company with a complete solution for messaging, voice and IOT. Combined we can address a much larger market and capitalize on the massive opportunities it represents. GP Bullhound has been a committed and knowledgeable financial advisor to us throughout this process, and has been invaluable in helping us execute the best deal for our shareholders.”
 
Sven Raeymaekers, Partner of GP Bullhound commented: “GP Bullhound is proud to have advised Sinch on its successful sale to CLX. It has been a pleasure to work with such a great management and owner group. As communication continues to move to the cloud, I’m truly excited about the prospect of these two companies joining forces.”
 
Per Roman, Managing Partner of GP Bullhound added: “This announcement marks another marquee transaction for GP Bullhound in the software and services space, underscoring GP Bullhound’s leadership in advising Nordic technology companies.”