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Announced

Apax-backed CyberGrants to merge with EveryAction and Social Solutions in a $2bn deal.

Financials

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Transaction Value£1,707m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Cross Border

Merger

Software

app development

software

United States

Acquisition

Friendly

Pending

Private

Majority

Synopsis

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Apax-backed CyberGrants, an online grantmaking space, agreed to merger with EveryAction, a software provider, and Social Solutions, a provider of cloud software for nonprofit and public sector social service organizations, in a $2bn deal. “The social good community will benefit from this combination of best-in-class solutions, and by connecting non-profits with a large network of givers. Apax is the perfect partner to help us collectively Do Good and Do Well, given their outstanding track-record as a tech investor and their focus on impact,” Stu Trevelyan, EveryAction CEO.

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