Transaction

Clearwater advises Palatine on its investment in Bluprintx

Transaction

Palatine on its investment in Bluprintx

Buy-side

Undisclosed

Role

Adviser to Palatine on its investment in Bluprintx

Sector

Tech & Tech Services

Region

UK

We have advised Palatine on its significant investment in Bluprintx, a global digital transformation services provider.

Headquartered in Liverpool and with operations in the US, Netherlands and Australia, Bluprintx enables productivity and revenue growth through technology, data and AI solutions in marketing, sales and service. The business empowers customers across a wide spectrum of technology vendors with a focus on transformational use of Adobe and Salesforce technology to support enterprise and high-growth companies.

Palatine's buy-out fund investment will help Bluprintx to achieve its growth ambitions, supporting it in the next phase of its service and coverage expansion programme. Bluprintx will continue to assess merger and acquisition opportunities that provide its customers with greater value, broader technology expertise, and closer alignment to leading vendors including Adobe.

With Palatine's backing in place, the business has just acquired commerce specialist, ITG Commerce. This is the latest in a series of acquisitions aimed at adding service capability across Bluprintx's core operating geographies. In particular, ITG will provide Bluprintx with additional capability in the Adobe ecosystem and it takes the group to a headcount of more than 140 employees globally.

Following our M&A service, Clearwater’s Debt Advisory team has successfully raised acquisition finance facilities from ThinCats to support Bluprintx’s buy-and-build strategy.

 

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Palatine’s backing is instrumental for Bluprintx as we continue to expand the services we offer to our customers. With this partnership and the subsequent acquisition of ITG Commerce, we are fortifying Bluprintx to give our customers direct and strategic support toward commerce objectives. We are expanding our pool of expert practices while making Bluprintx more accessible across the globe with stronger bases in the US and Hungary. It is the next step in our journey toward providing global enterprises with a full suite of digital transformations, and I am looking forward to working with both Palatine and with our new colleagues joining the Bluprintx Group from ITG Commerce.

Lee Hackett, Founder and CEO, Bluprintx
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Palatine has a strong track record in the technology services sector and we are delighted to have completed on a platform in the digital transformation space, backing the Bluprintx management team in their buy and build strategy.

Bluprintx is a trusted adviser to large enterprise and high growth clients, with strong capability across market leading technology vendors. We look forward to partnering with the business to expand its solution capabilities, creating a global business of scale.

It was a pleasure working with Clearwater on this transaction. The team has a strong track record of deals across the sector. These sector insights, alongside the wider project support, were instrumental to us in completing this highly exciting transaction.

James Painter, Senior Investment Director, Palatine

It was a pleasure to have supported the Palatine team on their investment in Bluprintx, representing our UK team’s fifth transaction in the digital transformation sector in the last 12 months. Lee and the management team have built an international platform, that provides deep strategic capability to an impressive list of enterprise-focused clients, with big growth ambitions. In Palatine, they have selected a partner that will enable them to fulfil these growth plans, both organically and inorganically.

Edward Gale, Partner, Clearwater

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