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New Deal


Announced

Completed

Motive Partners led a €120m funding round in Backbase.

Financials

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Transaction Value£102m
Consideration TypeCash
Capital Owned-
Capital Bid For5%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Private Equity

Software

Netherlands

Completed

Single Bidder

Cross Border

Private

banking software

Friendly

Acquisition

software

FinTech

fintech

Synopsis

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Motive Partners, a private equity firm, led a €120m ($126m) funding round in Backbase, a banking software provider. “For more than a decade, Backbase has shown leadership and innovation in enhancing digital relationships between financial institutions and its customers. We’re excited to support Jouk and the Backbase team with this initial fundraise as they continue to expand, grow and build the leading, customer-centric, Engagement Banking Platform globally," Rob Heyvaert, Motive Partners Founder and Managing Partner.

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