Travers Smith LLP has advised CBPE Capital LLP (CBPE) and management shareholders on the sale of Xceptor, a global leader in the end-to-end, no-code process automation market, to Astorg.
Xceptor, which operates from five offices globally and employs over 160 people, combines a highly scalable, next generation technology platform with deep financial sector domain expertise, serving a global, blue-chip customer base.
Since investing in Xceptor in 2017, CBPE has worked with the management team to significantly scale the business and develop a genuine best-in-class, process automation software vendor.
The sale to Astorg represents a money multiple of 10.8x CBPE’s original investment in Xceptor and an IRR of 89%.
The Travers Smith team was led by Private Equity & Financial Sponsors Partner George Weavil with support from Associates Rachel Taggart and Sarah Owadally. Specialist advise was provided by Tax Partner Hannah Manning, Tax Associate Anthony Reeves, Head of Incentives & Remuneration Mahesh Varia and Incentives & Remuneration Associate Laura O'Flynn.