Drawloop Technologies, Inc. has been acquired by Nintex Group
June 2015 — The private shareholders of Drawloop Technologies, Inc. have sold the company to Nintex Group for US$45 million.
Founded in 2001 and headquartered in Irvine, CA, Drawloop Technologies, Inc. automates the creation and delivery of sale and service documents within Salesforce, thereby eliminating manual processes and improving document and data accuracy and overall team productivity. Initially, the company serviced the financial services industry where strict compliance regulations made document management complex. In 2007, Drawloop partnered with Salesforce to offer an automation application embedded in the broader Salesforce CRM offering.
Nintex Group is a provider of cloud services. The company focuses on delivering technology that addresses the needs of business users, developers and IT professionals. Its products include Nintex Workflow and Nintex Forms.
Our role in the transaction
Oaklins' team in Los Angeles initiated this transaction, assisted in the negotiations and served as financial advisor to Drawloop Technologies. Our team prepared a full set of marketing materials before contacting the most logical strategic acquirors, including Nintex. When Nintex put forth an aggressive bid, we continued to maintain leverage throughout the process and forced Nintex to increase its bid, as well as provide favorable terms.
Talk to the deal team
Eduard Bagdasarian
Oaklins Intrepid
Related deals
Moneybox’s employee share sale has set another milestone for London’s Private Securities Market
The London Stock Exchange’s Private Securities Market (PSM) continues to demonstrate its potential as a venue for providing shareholder liquidity in high-growth private companies. Following the successful employee share sale for autonomous driving pioneer Wayve earlier this month, fintech leader Moneybox has completed a US$61 million (£45 million) employee liquidity event through the PSM. By structuring the transaction as an employee liquidity event, long-serving employees with vested equity have been able to realize some of the value they helped create while enabling Moneybox to remain private and continue its growth journey. Crowdcube managed the employee seller and investor participation process.
Learn moreTA Associates has completed a sell-down of its stake in Eurowag
TA Associates has completed a US$40 million accelerated bookbuild (ABB), selling approximately 4.3% of its shareholding in W.A.G. payment solutions AS (Eurowag) through a secondary offering on the London Stock Exchange. The transaction formed part of the private equity sponsor’s continued partial exit following its investment in Eurowag in 2015. The offering attracted strong demand from international institutional and Czech investors, resulting in a successful placement at US$1.33 per share, a 7.4% discount to the previous close and a 2.2% discount to the one-month volume-weighted average price (VWAP).
Learn moreDIGMATIX has entered the Czech market through the acquisition of LLP CRM
DIGMATIX has acquired LLP CRM, a Czech Microsoft Dynamics 365 Customer Engagement specialist. The acquisition marks DIGMATIX’s entry into the Czech market and strengthens the group’s capabilities in customer relationship management (CRM), sales automation, customer service and AI-powered business solutions.
Learn more