M&A Deal Summary

Datasite Acquires Sherpany

On February 22, 2024, Datasite acquired software company Sherpany from Cadence Growth Capital

Acquisition Highlights
  • This is Datasite’s 1st transaction in the Software sector.
  • This is Datasite’s 1st transaction in Switzerland.

M&A Deal Summary
Date 2024-02-22
Target Sherpany
Sector Software
Buyer(s) Datasite
Sellers(s) Cadence Growth Capital
Deal Type Add-on Acquisition
Advisor(s) Macquarie Capital (Financial)
Kellerhals Carrard (Legal)

Target

Sherpany

Zürich, Switzerland
website
Sherpany is a meeting management software that aims at stopping the meeting madness of large and midsize enterprises. Experts in programming, design, and engineering gather forces to deliver agile meeting software. Sherpany was founded in 2010 and is based in Zürich, Switzerland.

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Buyer(S) 1

Buyer

Datasite

Minneapolis, Minnesota, United States

website

Category Company
Founded 1968
Sector Software
Employees750
DESCRIPTION

Datasite is a SaaS provider for the M&A industry, empowering dealmakers around the world with the tools they need to succeed across the entire deal lifecycle. Datasite was founded in 1968 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 12 of 12
Sector (Software) 1 of 1
Type (Add-on Acquisition) 12 of 12
Country (Switzerland) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-23 MergerLinks

London, United Kingdom

MergerLinks is a financial data platform used by finance professionals to find deal information, promote credentials and connect with investors, companies, and advisors for capital transactions. MergerLinks is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

Cadence Growth Capital

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
PE ASSETS 200M EUR
Size Small
Type Sector Focused
DESCRIPTION

Cadence Growth Capital is a growth capital firm focused on providing expansion funding to companies with at least €10 million of revenue and located in Switzerland, Austria, and Germany. The Firm will consider minority or majority positions and generally will consider any tech-enabled business with proven/sustainable business models. Cadence Growth Capital is headquartered in Berlin.

DEAL STATS #
Overall 2 of 2
Sector (Software) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Switzerland) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-05 Ottonova

Munich, Germany

Ottonova is the private health insurance company for the digital age. With innovative, digital and mobile-enabled services, the company has been helping its customers get healthy and stay healthy. Digital technologies, fast and personal advice via chat, and numerous other features ensure that customers are always the focus. Ottonova was founded in 2015 and is based in Munich, Germany.

Buy -
Mergr

Product

Company

Legal