Avanza has been acquired by Covisian Group
October 2019 — Avanza, a global BPO company, has been acquired by Covisian Group.
Avanza, controlled by Baring Private Equity Partners, is an outsourcing services provider with more than 4,500 employees, over 300 clients and presence in six countries. Based in Madrid, Spain, Avanza’s main business lines are outsourcing logistics, retail and trade marketing, contact center and back-office services.
Owned by the private equity firm Aksia Group, Covisian Group is the second largest contact center services provider in Italy, with revenues of US$335 million, over 15,000 employees and presence in five countries. This transaction is an important step in the group's strategy to increase its global footprint. The agreement introduces Covisian into Colombia and reinforces its presence in Spain, while providing a portfolio of first-class clients.
Our role in the transaction
Oaklins' team in Spain acted as financial advisor to Avanza in the origination of the process, identification of potential buyers, negotiations and the closing of the transaction.
Talk to the deal team
Related deals
JP Chick & Partners has been acquired by Qflow
J P Chick & Partners Ltd. has been acquired by Qflow Group AB, strengthening Qflow’s presence in the UK. With nearly 40 years of experience, an established presence in the East of England and broad expertise in structural, civil and environmental engineering, J P Chick complements the capabilities of Qflow’s existing UK businesses. The acquisition further expands Qflow’s UK operations and strengthens its multidisciplinary engineering offering.
Learn moreValuation advisory has been provided to a co-investor in VDK
EMK Capital has transferred VDK Groep B.V. from EMK Capital Partners Fund I into the newly established US$1.4 billion single-asset continuation fund, the EMK VDK Partnership Fund, alongside a co-investment from EMK Capital Partners Fund III. The transaction, co-led by LGT Capital Partners and Coller EQT, provides existing investors with the opportunity to retain their exposure to VDK while securing additional capital to support the company’s continued growth and buy-and-build strategy.
Learn moreBe-Cloud has been acquired by PSG Equity
Be-Cloud, backed by B&Capital since 2021, has been acquired by PSG Equity, a leading growth equity firm specializing in software and technology-enabled services. The transaction marks the full exit of B&Capital and the reinvestment of Be-Cloud’s founders, Lenny and Sébastien Vercruysse, alongside PSG Equity.
Learn more