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New Deal


Announced

Completed

TA Associates, Vista and Charlesbank-backed Aptean completed the acquisition of Drink-IT from NORRIQ.

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

Private Equity

Friendly

Belgium

software company

Acquisition

Cross Border

Private

Majority

Completed

Software

Synopsis

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TA Associates, Vista and Charlesbank-backed Aptean, an application software developer, completed the acquisition of Drink-IT, a beverage management software company, from NORRIQ, a company that offers IT solutions to businesses to improve their CRM. Financial terms were not disclosed. “We’re delighted by the opportunity to join forces with Aptean and provide our deep beverage knowledge with Aptean’s food and beverage expertise to deliver an exceptional level of service and support to our customers and partners. As part of Aptean, we will be better positioned to live up to the full potential of Drink-IT and deliver the benefits of digital transformation to the beverage industry,” Sarah Broux, Drink-IT Managing Director.

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