Q Advisors announced today that it acted as exclusive financial advisor to Apax Partners SAS (“Apax”), a Paris-based European leader in private equity, in connection with its acquisition of Destiny from its controlling shareholder, Mentha Capital. Q Advisors also assisted the Destiny management team in structuring the go-forward transaction with Apax. Destiny is a leading pan-European cloud communications and managed services solutions provider serving innovative companies in Belgium and the Netherlands and, with the contemporaneous closing of the acquisition of Open IP, also in France. Terms of the transaction were not disclosed.
Q Advisors, a global TMT investment banking boutique, acted as exclusive financial advisor to Apax Partners SAS and to the Destiny Founders in connection with the transaction.
Read the full announcement here.
When our management team determined we needed an advisor to assist us with the selection of a Private Equity partner, the Q Advisors team stood out, for both their knowledge of the European UCaaS space and their ability to structure a transaction for the Destiny management team that worked for us, as well as Apax. The team supported us every step of the way through this complex transaction and worked side-by-side with our management team to ask the right questions of all interested parties so that we understood the ‘art of the possible’ as we position Destiny for future growth in a consolidating market. We look forward to continuing our partnership with Q Advisors.Daan de Wever, Founder & CEO, Destiny Telecom