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New Deal


Announced

Completed

Keensight-backed Smile completed the acquisition of Synotis.

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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Single Bidder

Completed

Switzerland

Friendly

Cross Border

Information / Data Services

Majority

Acquisition

data management

Private Equity

Private

Synopsis

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Keensight-backed Smile, an IT services provider, completed the acquisition of Synotis, a company specialising in consulting and data management. Financial terms were not disclosed. "The acquisition of Synotis CH is in line with our Open Arrow strategic plan, which aims to increase the geographical coverage of the Smile Group on an international scale, with the support of its shareholders. By joining forces with Synotis CH's formidable teams, we are strengthening our presence in Switzerland and in data management, two markets that offer significant development prospects," Marc Palazon, Smile CEO.

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