Advised Investcorp Technology Partners on the carve-out of Ubisense’s SmartSpace product, a leader in Industrial Internet of Things (IIoT) technology and the Ubisense brand
Dec 2018
acquired
Smartspace product and Ubisense brand
  • Sector: Industrial Tech
  • Deal Type: Public Deals; Private Equity Deals
  • Engagement type: Buyside
  • Size: <$200m
Scroll

Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Investcorp on the acquisition of Ubisense’s SmartSpace business and the Ubisense brand, a leader in Industrial Internet of Things (IIoT) technology.

SmartSpace is an enterprise software and sensor platform that generates and interprets vast amounts of location data to create visibility of real-world objects and their interactions in real-time, enabling complex manufacturing processes with high levels of variability to be more flexible, easier to manage and easier to control. SmartSpace delivers a compelling value proposition for blue-chip customers across a number of verticals, including Aerospace, Commercial Vehicles, Passenger Vehicles, General Industry and Transportation.

With their expertise in working with fast-growing and data-driven businesses, Investcorp will support the company’s growth and expansion plans by investing in innovation and building on the attractive product offering and leading technology developed by the company.

This transaction highlights Arma Partners’ deep expertise in the Industrial Technology sector and track record of successfully navigating public company carve-out transactions.

  • Ubisense’s SmartSpace business provides Digital Twin solutions leveraging an enterprise software and sensor platform that generates and interprets vast amounts of location data to create digital visibility of real-world objects and their interactions in real time
  • The solution enables complex manufacturing processes with high levels of variability to be more flexible, easier to manage and easier to control whilst generating meaningful and demonstrable return on investment on the cost of Smartspace’s service to its blue-chip customers
  • SmartSpace is a leader in the market for Industrial Internet of Things (IIoT) technology, present in a number of verticals, including Aerospace, Commercial Vehicles, Passenger Vehicles, General Industry, and Transportation amongst many others
  • Investcorp Technology Partners is part of Investcorp, a global provider and manager of alternative investment products, serving high-net-worth private and institutional clients.
  • Investcorp Technology Partners is focused on investing in fast-growing founder-owned, European headquartered businesses that require equity investments of $25-$50 million
  • Its Technology team has invested in lower mid-market technology companies with a specific focus on Software, Data/Analytics, Cybersecurity and Fintech/Payments
  • Investcorp has raised over $1.5 billion in funding for lower middle market technology investments since 2001
  • Investcorp Technology Partners will support Ubisense on its targeted growth trajectory and on its expansion plans, by drawing on its expertise in working with fast-growing and data-driven businesses
  • There are several structural growth drivers which will benefit Ubisense’s organic growth including potential for upsell, price increases and opportunity to expand the customer base, serving a wide range of global enterprise customers via innovative products
  • Investcorp Technology Partners will also invest in strengthening the company’s management team and organisation to support the rapidly scaling business
  • Arma acted as financial advisor to Investcorp Technology Partners in the acquisition of Ubisense’s SmartSpace business and the Ubisense brand
  • Arma supported Investcorp with a variety of activities, including:
    • Valuation
    • Due diligence
    • Views on potential exit avenues
    • Preparation of materials for Investcorp Technology Partners’ investment committee
  • This transaction highlights Arma’s long-standing track record of working with private equity clients to secure successful transactions in the industrial technology sector