CapMan has sold its holding in Global Intelligence Alliance Group to M-Brain Oy, a European-based information services company. Founded in 1995, Global Intelligence Alliance is an international strategic market intelligence and advisory group.
Funds managed by CapMan have sold their holding in Global Intelligence Alliance Group Oy (GIA) to M-Brain Oy, which is a European-based information services company.
Founded in 1995, Global Intelligence Alliance (GIA) is an international strategic market intelligence and advisory group. GIA has operations on four continents and its 11 offices around the world employ around 145 people. The company is headquartered in Helsinki and its turnover in 2013 was approx. EUR 14.2 million.
“The company’s competent management and personnel have done an amazing job in developing GIA into an international provider of world class market intelligence solutions. We are confident that GIA will continue its successful growth as part of a larger entity,” says Vesa Walldén from CapMan Technology and responsible for the investment.
“When CapMan invested in GIA in 2007, our plan was to take our innovative software-enabled service concept to global growth markets. It’s rewarding to see that we have succeeded in this. CapMan’s support was essential in the implementation of our go-to-market strategy whereby we acquired several partner companies and set up greenfield offices in selected locations. Now it’s time for GIA to move to the next stage of expansion together with our new owner M-Brain,” says Markko Vaarnas, CEO and co-founder of Global Intelligence Alliance Group.
“Knowledge management and real-time market intelligence are a critical success factor in an ever-globalising business environment. Together, we can now offer a complete market intelligence solution ranging from consulting, information systems and intelligence best practices to intelligence services, content creation and software,” says M-Brain’s Executive Chairman Kim Nyberg.
Prior to the exit, funds managed by CapMan owned approximately 54.0% of Global Intelligence Alliance Group’s shares. Following the transaction, the CapMan Equity VII A L.P. and CapMan Equity Sweden KB funds move closer to carry. The exit from GIA will not change CapMan’s outlook estimate for 2014 given on 7 August 2014.