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New Deal


Announced

Completed

Clearlake and Siris-backed Newfold completed the acquisition of YITH.

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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Spain

e-commerce

E-commerce

Completed

Majority

Friendly

Private Equity

Private

Acquisition

Cross Border

Synopsis

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Clearlake and Siris-backed Newfold Digital, a web and commerce technology company, completed the acquisition of YITH, an independent marketplace for WooCommerce plugins. Financial terms were not disclosed. "For businesses everywhere, e-commerce has become a necessity to compete in today's marketplace. Our nearly 7m customers not only need online storefronts, but advanced features to support their specific niches, from advanced product catalog functionality to gift card solutions. YITH's impressive library of reliable WooCommerce plugins will help support our customers with their 2022 e-commerce resolutions," Sharon Rowlands, Newfold Digital CEO.

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