A strengthened position in the profitable and fast-growing cloud solutions market
Deal Flash
The leading Google Cloud partner in Iberia, Nubalia Cloud Computing, S.L., has been acquired by French-listed group Devoteam.
The cloud computing sector is rapidly growing at a global level, with future CAGRs expected at 10%, even more following the COVID-19 pandemic, which boosted the needs of companies for digital transformation and cloud adoption.
The entry of Devoteam consolidates Nubalia’s position as an authoritative cloud solutions provider in Europe, enabling it to compete with the big players in a market that is consolidating by leaps and bounds. Oaklins has led the process with great professionalism in the very difficult context of lockdown. I would like to highlight their methodology, agility and teamwork.MIGUEL PLANAS, FOUNDER, NUBALIA CLOUD COMPUTING, S.L., SPAIN
Oaklins played a major role facilitating this deal
Oaklins’ team in Spain acted as the exclusive M&A advisor to the shareholder of Nubalia. This included preparing the sale documents, the identification of and approach to a number of potential buyers, supervising the buy-side due diligence, as well as negotiating with several parties and giving support up to the closing of the transaction. Oaklins’ team in France identified Devoteam as a suitable candidate and made the introduction to Oaklins in Spain, who managed to maintain deal momentum by effectively addressing and managing the impact of COVID-19 on the sale process, which eventually resulted in a successful closing.
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