Avolution

333 Capital acted as the exclusive financial advisor to Avolution on its transaction with Whiteoak. The investment from Whiteoak will help Avolution to further develop the SaaS platform and expand its sales and marketing capabilities. 

Background

Avolution Pty Ltd (‘Avolution’ or the ‘Business’) is a global B2B SaaS Enterprise Architecture platform and its tool, ABACUS, is recognised as a market leader in the Gartner Magic Quadrant. From pioneering the integration of graph database technology in Enterprise Architecture, to providing cloud-based modelling and making the Enterprise Architecture environment accessible across entire organisations, Avolution has been at the forefront of empowering Enterprise Architects for over two decades. The Business holds long term relationships with its customer base of blue-chip organisations operating in attractive sectors including financial services, government, utilities, infrastructure, natural resources, communications, media and services.

333 Capital was engaged by Avolution to identify and transact with a partner to accelerate its growth.      

How we helped 

333 Capital prepared a tailored transaction process to provide the vendors with a choice of growth partners (both local and global) on favourable terms. Ultimately, the process resulted in an outcome that exceeded expectations, whilst facilitating a partial sell-down and allowing shareholders to retain a stake in the Business and share in its future growth and success. 333 Capital’s role as lead advisor included:  

• Design of the overall transaction strategy to ensure shareholders’ objectives were met. 
• Assistance with preparing the Business for sale including supporting preparation of strategic agendas and preparation of comprehensive marketing documents (both qualitative and quantitative). 
• Identifying, targeting and engaging with potential growth partners including financial sponsors and trade buyers. 
• Facilitating an efficient due diligence process including managing a fulsome data room, external advisors and the Q&A process. 
• Driving the transaction process whilst minimising the burden on Avolution’s management and shareholders. 
• Negotiating a comprehensive suite of transaction documents. 

The result

333 Capital introduced a number of potential suitors and assisted the shareholders with evaluating proposals. The process ultimately led to Whiteoak partnering with Avolution, launching the next stage of its strategic growth. 

Whiteoak is an Australian private equity firm focussed on high quality, Australian companies, working closely with founders and management teams to deliver growth.  

The 333 Capital deal team was David Oakman, Nick Hardgrave and Finn Cole-Adams. The sale further emphasises 333 Capital’s credentials and experience in selling technology businesses and is the most recent of a number of similar transactions which includes advising: 

• Armitage Associates on its sale of Droppoint to Pemba Capital Partners;   
• Oobe on its sale to Fujitsu; 
• Pragma on its sale to ASG Group; 
• Bendigo and Adelaide Bank on the acquisition of Ferocia (Up Digital Banking); 
• ArborSafe on its sale to Civica; and 
• Mantel Group on their acquisition of CMD.