BC Partners buys into digital agency Valtech at $1.4bn valuation


Private equity major BC Partners has agreed a buyout of digital agency Valtech in a deal which values the business at $1.4bn.

Former reference shareholder investment group Verlinvest and new Valtech management will also reinvest into the company as part of the transaction.

France-headquartered Valtech has worked with brands including Audi, Goodyear, Dolby, PepsiCo and Universal Studios, and is expecting a 30% revenue growth rate this year.

BC chairman Raymond Svider said, “Our investment in Valtech is an opportunity to partner with a clear leader operating at the center of a high-growth, global, digital transformation market.

“This is an industry in which we see huge potential and Valtech is one of the few businesses of scale, which has built a reputation for providing high-quality, innovative services to a long-standing base of blue-chip customers.”

Clément Pointillart, executive director of Verlinvest, added, “The amazing growth Valtech has achieved since our initial investment has been inspiring.

“Valtech has grown 5-fold during this time and successfully undertaken strategic M&A to become a leading global digital transformation agency.”

The deal is expected to close in the third quarter.

BC raised €6.7bn for its 2011-vintage Fund IX. It reportedly hit the halfway point for the €8.5bn-targeting Fund XI raise last October following a record-breaking first close.

The firm had gathered over €4bn at that point according to Bloomberg, which cited unnamed people it said had knowledge of the matter.

Last month the firm launched a €1bn-plus single-asset fund backed by Neuberger Berman to take on its Fund IX investment in publisher Springer Nature.

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