M&A Deal Summary

Explorer Investments Acquires DevScope

On July 7, 2023, private equity firm Explorer Investments acquired software company DevScope

Acquisition Highlights
  • This is Explorer Investments’ 4th transaction in the Software sector.
  • This is Explorer Investments’ 61st transaction in Portugal.

M&A Deal Summary

Date 2023-07-07
Target DevScope
Sector Software
Buyer(s) Explorer Investments
Deal Type Buyout (LBO, MBO, MBI)

Target

DevScope

Porto, Portugal
DevScope is a software company specializing in Microsoft-centric solutions such as Data & AI, Power Platform, and Modern Workplace. The company develops custom software, consulting services, and enterprise solutions for businesses across various sectors. DevScope was founded in 2003 and is based in Porto, Portugal.

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Buyer(S) 1

Buyer

Explorer Investments

Lisbon, Portugal

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 1.8B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Explorer Investments is a private investment firm that looks to fund buyouts, as well as provide expansion and replacement capital to middle-market Portuguese companies. Explorer looks to invest a minimum of €10 million in transactions valued up to €150 million. Explorer does not have any sector preferences and typically holds investments for three to six years. Explorer Investments was formed in 2003 and is based in Lisbon, Portugal.


DEAL STATS #
Overall 65 of 73
Sector: Software M&A 4 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 35 of 40
Country: Portugal M&A 61 of 68
Year: 2023 M&A 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-26 Grupo Your

Lisbon, Portugal

Grupo Your is an accounting firm providing accounting, human and administrative resources, as well as auditing, tax and financial consulting. In parallel, the company offers a diversity of quality services in various areas of support such as cost optimization, health and safety at work, communication and information technologies. Grupo Your was founded in 2006 and is based in Lisbon, Portugal.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-01 BBG Aluminium Systems

Braga, Portugal

BBG Aluminium Systems manufactures and assembles a multitude of metallic products such as metal structures, railings, and guardrails, doors, windows, fixed and ventilated glass curtain walls. BBG Aluminium Systems was founded in 2008 and is based in Braga, Portugal.

Sell -