William Blair acted as the exclusive financial advisor to CVC Capital Partners (CVC) in connection with its pending partnership with TOPdesk, a service management software provider. CVC Growth Funds will invest approximately €200 million to acquire a significant minority stake in TOPdesk. The transaction was announced on December 12, 2023, and is expected to close in the first quarter of 2024, subject to relevant regulatory clearances and employee representative bodies’ advice.
About the Companies
CVC is a leading global private markets manager with a network of 29 offices throughout EMEA, the Americas, and Asia, with approximately €177 billion of assets under management. CVC has seven complementary strategies across private equity, secondaries, credit, and infrastructure, for which CVC funds have secured commitments in excess of €200 billion from some of the world's leading pension funds and other institutional investors. Funds managed or advised by CVC’s private equity strategy are invested in over 125 companies worldwide, which have combined annual sales of approximately €130 billion and employ more than 450,000 people.
TOPdesk is a platform that simplifies work for IT service desks. The Delft-based software developer provides user-friendly and quickly implementable Service Management Software. For over 25 years, TOPdesk has been assisting over 5,000 organizations worldwide in achieving consistent and excellent service delivery. What sets TOPdesk apart in the field of service management is its team of in-house specialists. With expertise and best practices, TOPdesk guides organizations step-by-step in reaching their goals, whether they aim to focus on self-service or collaborate with other service teams. TOPdesk is based in Delft and has more than 1,000 employees.
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