WSI has been sold to SVG Capital
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is delighted to have represented the founding shareholders of Web Services Integration Limited (“WSI” or the “Company”) in the sale of a majority stake in the business to SVG Capital plc (“SVG Capital”) in 2016.
WSI, trading as Xceptor, is a fast-growing Fintech business headquartered in London. The Company’s highly differentiated Xceptor software platform is used by middle and back office operations within global financial institutions such as J.P. Morgan, Glencore and HSBC to process high volumes of business critical data.
Xceptor, which achieves excellent ROI metrics, benefits from an attractive recurring revenue model. As a result, WSI has an outstanding record of client retention and strong earnings visibility. It is also a highly scalable business with exciting future growth prospects.
Peter Madigan, Co-Founder of WSI, commented, “The Lincoln team provided real energy and commitment, as well as sound judgment and valuable advice. They did an outstanding job of capturing WSI’s competitive advantages and points of difference and more generally helping us prepare the business for sale.”
Edward Lethbridge, U.K. Head of Business Services at Lincoln, commented, “It has been rewarding to work alongside WSI’s founders and management in all aspects of the sale process. As Lincoln builds its Technology practice globally, we look forward to working with more fast-growing, international software companies like WSI which offer clients an exciting value added proposition. The recent arrival of Chris Brooks as a Managing Director to focus on Lincoln’s U.K. Technology coverage is another important step toward this goal.”
Lincoln acted as the exclusive financial adviser to the founders of WSI, working closely with the management team and shareholders. Lincoln provided guidance on strategic options, prepared the marketing materials and approached a targeted list of potential trade and private equity purchasers before managing a competitive auction process and negotiating final price and terms.
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