M&A Deal Summary

Globant Acquires Navint

On November 15, 2021, Globant acquired information technology company Navint from Boathouse Capital

Acquisition Highlights
  • This is Globant’s 6th transaction in the Information Technology sector.
  • This is Globant’s 9th transaction in the United States.
  • This is Globant’s 1st transaction in New York.

M&A Deal Summary

Date 2021-11-15
Target Navint
Sector Information Technology
Buyer(s) Globant
Sellers(s) Boathouse Capital
Deal Type Add-on Acquisition

Target

Navint

Henrietta, New York, United States
Navint is a full-service business consulting and enterprise IT transformation firm specializing in managing large-scale business and organizational change for clients with industry vertical expertise in financial services, professional services, and media and entertainment in North America and Europe. Navint was founded in and is based in Henrietta, New York.

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Buyer(S) 1

Buyer

Globant

Luxembourg, Luxembourg

Category Company
Founded 2003
Sector Software
Employees29,112
Revenue 2.1B USD (2023)
DESCRIPTION

Globant is a provider of software product development and IT outsourcing services from Latin America. Globant was incorporated in 2003 and is headquarters in Luxembourg City, Luxembourg.


DEAL STATS #
Overall 18 of 26
Sector (Information Technology) 6 of 11
Type (Add-on Acquisition) 17 of 25
State (New York) 1 of 2
Country (United States) 9 of 12
Year (2021) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-05 Atix Labs

Buenos Aires, Argentina

Atix Labs is a professional services company specializing in blockchain. has operations in the United States, Argentina, and Uruguay, and a solid project pipeline with Fortune 500 clients, global top players in the crypto stage, and organizations such as IDB. With more than 60 employees, the Company also has a strong roster of partnerships including RSK, IOHK, Cardano Foundation, and IBM, and is part of UNICEF Innovation Fund. Atix Labs was founded in 2013 and is based in Buenos Aires, Argentina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-20 GeneXus

Montevideo, Uruguay

GeneXus developed a low-code platform that simplifies software development and evolution and is being used by companies in several Latin American and Asian countries. GeneXus was formed in 1988 and is based in Montevideo, Uruguay.

Buy -

Seller(S) 1

SELLER

Boathouse Capital

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Boathouse Capital is a provider of mezzanine and equity capital to lower middle-market companies in a variety of industries. The Firm works in partnership with management teams and private equity firms in funding private equity sponsored buyouts, management buyouts, recapitalizations, refinancings, and growth capital financings. Boathouse can commit up to $25 million per transaction and generally pursues companies with 'exceptional' management, sustainable competitive advantages, growing end markets, 'sticky' business models, and diversified customers. Boathouse seeks companies with at least $10 million in revenues and at least $5 million of EBITDA. Boathouse is based in Wayne, Pennsylvania.


DEAL STATS #
Overall 17 of 23
Sector (Information Technology) 2 of 3
Type (Add-on Acquisition) 10 of 11
State (New York) 2 of 3
Country (United States) 17 of 23
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 Choozle

Denver, Colorado, United States

Choozle provides a digital advertising software platform that leverages detailed consumer data to power programmatic advertising campaigns across display, video, mobile, audio, connected tv, digital out-of-home, and other mediums – all from a single, intuitive interface. Choozle was founded in 2012 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Sandboxx

Arlington, Virginia, United States

Sandboxx is a social platform for the United States military. The platform connects service members to their loved ones, career content, and lifestyle utilities so that they can navigate their career with confidence. Sandboxx was founded in 2012 and is based in Arlington, Virginia.

Buy -