M&A Deal Summary

Bandwidth Acquires Voxbone SA

On October 12, 2020, Bandwidth acquired internet software and services company Voxbone SA from Vitruvian Partners for 446M EUR

Acquisition Highlights
  • This is Bandwidth’s 1st transaction in the Internet Software and Services sector.
  • This is Bandwidth’s largest (disclosed) transaction.
  • This is Bandwidth’s 1st transaction in Belgium.

M&A Deal Summary
Date 2020-10-12
Target Voxbone SA
Sector Internet Software and Services
Buyer(s) Bandwidth
Sellers(s) Vitruvian Partners
Deal Type Add-on Acquisition
Deal Value 446M EUR
Advisor(s) Goldman Sachs (Financial)
Freshfields Bruckhaus Deringer (Legal)

Target

Voxbone SA

Brussels, Belgium
Voxbone SA is an international enterprise cloud communications. Voxbone was founded in 2002 and is based in Brussels, Belgium.

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Buyer(S) 1

Buyer

Bandwidth

Raleigh, North Carolina, United States
Category Company
Founded 1999
Sector Internet Software and Services
Employees1,100
Revenue 601M USD (2023)
DESCRIPTION

Bandwidth, Inc. is an enterprise cloud communications company. Bandwidth was incorporated in 1999 and is based in Raleigh, North Carolina.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Belgium) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Vitruvian Partners

London, United Kingdom
Category Private Equity Firm
Founded 2006
PE ASSETS 8.5B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Vitruvian Partners is an independent private equity firm that specializes in middle-market buyouts, growth buyouts and growth capital investments in the UK and elsewhere in Northern Europe. Vitruvian looks for companies that are 'operating in dynamic situations, where there is an opportunity to build strategic value'. The Group's target investment size is £25 to £150 million in transactions valued up to £500 million. Sectors of interest include business services, consumer services, financial services, life science, healthcare services, media, technology, communications, and internet software. Vitruvian Partners was formed in 2006 and is based in London.

DEAL STATS #
Overall 16 of 22
Sector (Internet Software and Services) 5 of 6
Type (Add-on Acquisition) 6 of 9
Country (Belgium) 1 of 1
Year (2020) 2 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-07 Unifaun

Stockholm, Sweden

Unifaun is a provider of Transport Administration (“TA”) services in the Nordics, providing a SaaS platform connecting freight carriers and shippers of all sizes. Unifaun is based in Stockholm, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 Carne Group

Dublin, Ireland

Carne Group is a digitally driven industry platform serving the global asset management industry and the largest third-party fund management company in the world. Carne is trusted by asset managers, insurance companies, pension funds and wealth managers to manage their governance, compliance, regulatory and substance requirements. Carne Group was formed in 2004 and is based in Dublin, Ireland.

Buy -
Mergr

Product

Company

Legal