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New Deal


Announced

Completed

Waterland-backed Skaylink completed the acquisition of cVation.

Financials

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

Tags

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cloud services

Private

Digital Services

Private Equity

Majority

Cross Border

Friendly

Denmark

Acquisition

Completed

Single Bidder

Synopsis

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Waterland-backed Skaylink, a service provider in cloud and digital transformation, completed the acquisition of cVation, a cloud service provider. Financial terms were not disclosed. "After several acquisitions and now cVation in Denmark, Skaylink takes a step towards pan-European expansion. We focus on selected regional champions in their respective fields. cVation is an outstanding pioneer in taking clients beyond the initial level of IT infrastructure: cVation develops cloud-native applications on Azure with a great level of excellence, allowing clients to develop truly scalable digital business models. We are excited to join forces, to the benefit of all clients," Elvan Karatas, Skaylink Head of Strategic Business Development.

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