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New Deal


Announced

65 Equity Partners to acquire AvePoint from Sixth Street Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
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Tags

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Acquisition

Private Equity

data governance software

United States

Digital Services

migration solutions

Public

Pending

Friendly

Single Bidder

Minority

Cross Border

Synopsis

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65 Equity Partners, an independently managed wholly-owned investment platform, agreed to acquire AvePoint, a provider of data governance, protection and migration solutions for Office 365 and SharePoint, from Sixth Street Partners, a global investment firm. Financial terms were not disclosed. “We are pleased to welcome 65 Equity Partners as a substantial long-term stockholder of AvePoint. This investment reflects their confidence in our vision to advance the digital workplace, capture growing markets and prioritize profitable growth. The APAC region represents an enormous growth opportunity for us, and given that Singapore is an important innovation center for AvePoint, we believe that an eventual dual listing on the Singapore Exchange (SGX) will garner additional investor support in the region,” Tianyi Jiang, AvePoint Co-Founder & CEO.

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