Process

Acquisition of Valamis by Adelis Equity Partners

Valamis Group Oy, an award-winning learning experience platform (LXP) provider, has sold a majority stake to Adelis Equity Partners. Adelis acquired shares from the passive shareholders as well as invested growth equity in the company through private offering. Current management-owners will continue in their roles and retain significant ownership going forward.Valamis is a leader in the digital learning market, providing a world class Learning Experience Platform (“LXP”) and comprehensive software development services. Within the company’s niche segment of the LXP market, the company is one of the global leaders. Valamis, headquartered from Finland, operates internationally with offices in the US, the UK, Germany, the Netherlands, Russia, and India.Valamis aims to accelerate its international growth focusing on large enterprises and public sector organizations globally, supported by Adelis. Valamis’ goal is to continue growing by investing heavily in its own Valamis LXP product, organization and by pursuing further acquisitions. Earlier, the Company has invested significantly in its Valamis LXP product and go-to market strategy in Nordics, Europe and in US.“The combination of us competing as one of the early leaders in the learning experience platform market and doing it from Finland, created a need for us finding a leading, local technology investment partner but one also with significant experience internationally and having demonstrated its ability to support companies in winning in a global marketplace. Adelis is a perfect match for us, with its track-record of building great technology businesses, internationalizing software businesses and with its local and international network”, comments Jussi Hurskainen, CEO of Valamis.”Valamis has developed a leading LXP application within its niche, and we were impressed by the company’s management team and what they have been able to accomplish without taking in any institutional capital. We see exciting potential for both the expansion of Valamis’ current services business in Europe and the LXP market globally”, say John-Matias Uuttana and Joel Russ from Adelis.Carner Corporate Finance advised Adelis throughout the acquisition process.Our main value creation components were:

• Positioning Valamis in its global market landscape and digital learning value chain
• Building a highly attractive investment case for Adelis
• Company analysis and financial modeling, concentrating especially on business segment analysis and valuation
• Facilitating and supporting transaction negotiations leading to an exclusivity
• Assisting in Due Diligence, concentrating especially on customer analysis and financial modeling as well as business segment growth plan analysis including buy & build strategy evaluation

Buyer

Adelis Equity Partners

Adelis Equity Partners, founded in 2012, is an active value creating partner to Nordic middle market companies. Adelis has c. 1 billion euros of assets under management. Adelis invests in companies with significant value creation potential. The investment focus is on companies operating in business and IT services, niche industrials, consumer and healthcare sectors.

Adelis Equity PartnersValamis Group