Transaction

Clearwater advises ASD & Thyme-IT on its sale to Descartes Systems Group

Transaction

ASD & Thyme-IT on its sales to Descartes Systems Group

Sell-side

Undisclosed

Role

Adviser to ASD & Thyme-IT on its sales to Descartes Systems Group

Sector

Tech & Tech Services

Region

Ireland

Clearwater has advised Aerospace Software Developments & Thyme-IT (ASD), a leading provider of customs and regulatory compliance software solutions, on its sale to Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX) (Descartes), the global leader in uniting logistics-intensive businesses in commerce.

Based in Dublin, Ireland, ASD provides customs declaration software solutions for logistics services providers (LSPs) and shippers, as well as RFID solutions that help the air logistics community track assets. The company’s customs filing solutions, operating under the brand Thyme-IT, help importers, exporters, and logistics services providers comply with Irish regulatory requirements for imports and exports in a secure and efficient manner. In addition, ASD’s RFID solutions help global airlines and ground handlers eliminate manual tasks and comply with various airline regulations more efficiently through the unique identification, tagging, and tracking of assets.

Descartes is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security, and sustainability of logistics-intensive businesses. Headquartered in Ontario, Canada, and with offices and partners around the world, Descartes helps customers to route, track, and improve the safety, performance, and compliance of delivery resources; plan, allocate, and execute shipments; rate, audit, and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community.

Software solutions

This is a momentous day for all of the ASD / Thyme-IT family as we join Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce. We believe that being part of this group will bring added value to our loyal customers and help us to internationalise further. We would like to say a particular thank you to Sam, Michael, Chris, John and all of the Clearwater team, for their invaluable support and advice throughout this process. Clearwater’s software experience, and access to buyers and investors, both locally and internationally, were critical in getting this deal across the line.

Dave Browne, Managing Director, ASD & Thyme-IT
Software solutions

As customers increasingly look to cover more business processes with one provider, we continue to add solutions to Descartes’ Global Logistics Network (GLN) for them to do so. ASD shares a common vision to serve the wider global logistics community of shippers, carriers, and LSPs. We’re excited to welcome the ASD employees, customers, and partners into the Descartes family.

Edward J. Ryan, CEO, Descartes Systems Group

We are delighted to have acted as principal adviser to the shareholders of ASD & Thyme-IT on its acquisition by Descartes Systems Group. Joining Descartes will help to accelerate ASD & Thyme-IT’s ambitious expansion plans. It will also offer its customers the benefits of access to the broader Descartes’ GLN and Real-Time Tracking Platforms. We are excited to see what the business can achieve in its next phase of growth as part of Descartes. We wish Dave, Adam, John, and Steve every success as they begin this new journey.

Sam Nolan, Partner, Clearwater

Advisers

Transactions

Drag and zoom to explore transactions

Transactions

shutterstock 2192688011
Partnership to create a global integrated supply c…

Adviser to EES on its sale to Vallen Distribution

shutterstock 2075880535
A leading Irish post-production and visual effects…

Adviser to the management of Screen Scene Limited on its man…

dacoso SOC
Raising finance to support the acquisition of a le…

Adviser to Waterland on raising finance to support the acqui…

cloud technology data storage backup
Securing long-term refinancing package to support …

Adviser to Livingbridge-backed FluidOne on its refinancing

Ewii tech mechanic
EWII and Norlys in historic fibre network transact…

Adviser to Norlys on the acquisition of EWII’s fibre network…

uniqFEED tennis court advertising
Strategic review and financial modelling services …

Adviser to the Board of Directors and Executive Management o…

employees desktop work
Forward-thinking investor completes partnership-le…

Adviser to GCP on its investment in CloudRock

woman phone communication
Inspiring growth and ambition by forming Italy’s l…

Adviser to Next14 on its sale to Gruppo SAE through SAE Comm…

image 62
Raising finance to support digital corporate banki…

Adviser to EMERAM on raising finance to support the acquisit…

team working computer
Securing the right partner for a high-quality cons…

Adviser to Farsight Consulting on its sale to Version 1

football stadium video
PE supports interconnected sports and live event a…

Adviser to Accredit Solutions on its investment from Gresham…

female entrepreneur raising her hand answer
Sale of leading B2B information services and event…

Adviser to the shareholders of Solar Media on its sale to In…

woman laptop online
PE backs ambitious growth plans for mid-market tec…

Adviser to the shareholders of Archiva on its sale to Progre…

SL3 13
Further expansion in to Europe for a leading SaaS …

Adviser to Simplicate on its sale to and roll over in Blinqx…

image 106
A deal conversion for leading B2B lead generation …

Adviser to Leadinfo on the sale of its remaining shares to t…

iStock 1344688192
Refinancing of growing IT managed services provide…

Adviser to Croft on its refinancing

Software company
PE backs global leader in procure-to-pay software …

Adviser to SoftCo on its investment from Keensight

blonde female tourist checking incoming notification
PE backs hyper-personalised, automated passenger c…

Adviser to 15below on its significant investment from LDC

image 106
Driving exponential growth during a ten-year partn…

Adviser to Skanstec Group on its sale to H&MV Engineering

iStock 951945582
Acquisition boosts market leader in DECT (Digital …

Adviser to Gigaset Communications on its sale to Snom Soluti…

image 102
Successful fundraiser for proprietary AI-driven te…

Adviser of Anozr Way on its Series A fundraising with Hi Ino…

Optimity Relex worker
Enabling consumer goods companies to accurately pr…

Adviser to the owners of Optimity on its sale to RELEX Solut…

Healthcare data
Supporting a vision to keep healthcare affordable …

Adviser to i2i on its sale to IG&H

image 99
Reaching more retailers with a unified commerce pl…

Adviser to Glory Global on its acquisition of Flooid

Relatable icons
Investment deal trending on Instagram, TikTok, and…

Adviser to Bambuser on its sale to Ravenmedia (Mediacap)

cropped image young man labrador
Disrupting the digital marketplace with a new age …

Advisers on the sale of TrustedHousesitters to Mayfair Equit…

iStock 951945582
Clearwater advises Apadmi on its investment from C…

<p>Clearwater has advised the shareholders of Apadmi, a lead…

image 106
Clearwater advises Lutech on its acquisition of Eu…

<p>Clearwater has advised Lutech Group (Lutech), a portfolio…

iStock 540852816
Shared values unite growing health tech company an…

Adviser to Mayden on its partnership with G Square

image 58
Clearwater advises Novabase on its sale of Neotale…

<p>Clearwater has advised Novabase Consulting Sgps S.A. (Nov…

business finance generic ML3 2
Clearwater advises iamproperty on its investment f…

<p>Clearwater has advised the Shareholders of iamproperty, a…

image 82
Clearwater advises CDS Groupe and IDI on raising f…

<p>Clearwater conseille CDS Groupe, leader français indépend…

image 104
Clearwater advises the shareholders of Netwo on it…

<p>Clearwater has advised Netwo, an emerging telecom-tech pl…

shutterstock 1769773103
Clearwater advises Powerpoint Engineering on its s…

<p>Clearwater has advised Powerpoint Engineering Limited (Po…

Construction workers steel reinforcement bar  shutterstock 786092152
Clearwater advises RWL Advanced Solutions on its s…

<p>Clearwater has advised RWL Advanced Solutions Limited (“R…

image 103
Clearwater advises Zenzero on its sale to Macquari…

<p>Clearwater has advised Fordhouse-backed Zenzero, a leadin…

pexels yan krukau 7698885 1
Clearwater advises ementexx on its sale to LucaNet

<p>Clearwater has advised ementexx GmbH (ementexx), a provid…

Software company
Clearwater advises Felton on its sale to Interstel…

iStock 1340944124
Clearwater advises Phoenix Equity Partners on its …

<p>Clearwater has advised Phoenix Equity Partners (“Phoenix”…

Eudaimon
Clearwater advises the shareholders of Eudaimon on…

<p>Clearwater has advised the shareholders of Eudaimon S.p.A…

iStock 1344688192
Clearwater advises Investcorp on the acquisition o…

<p>Clearwater has advised Investcorp, a leading global manag…

image 66
Clearwater advises on the delisting of Jobindex

SL3 13
Clearwater advises efacto on its sale to Visma

<p>Clearwater has advised efacto, a leading Nordic provider …

Upgrade SEO image
Clearwater advises the minority shareholder on the…

<p>Clearwater has advised the minority shareholder on the va…

image 55
Clearwater advises the MCR Group on its investment…

<p>Clearwater has advised the MCR Group, a rapidly growing o…

woman laptop online
Clearwater advises the shareholders of Socialwave …

<p>Clearwater has advised the shareholders of Socialwave Gmb…

cloud computing
Clearwater advises Transparity Solutions on raisin…

<p>Clearwater has advised Transparity Solutions (Transparity…

shutterstock 1065451166
Clearwater advises Mayfair on raising debt facilit…

<p>Clearwater has advised Mayfair Equity Partners on raising…

image 70
Clearwater advises MBC Insurance on its major inve…

<p>Clearwater has advised McAuliffe Barry &amp; Collins Ltd …

Front of school yellow doors
Clearwater advises The Institute of Education on i…

<p>Clearwater has advised The Institute of Education, one of…

phone connect globe network ai social
Clearwater advises Flexfone on its sale to Dstny

<p>Clearwater has advised Flexfone, a Danish supplier of clo…

image 66
Clearwater advises Investcorp on the acquisition o…

<p>Clearwater advises Investcorp Technology Partners on the …

Adservice affiliate marketing
Clearwater advises Adservice on its sale to Adtrac…

<p>Clearwater has advised the affiliate marketing specialist…

iStock 902810140
Clearwater advises GCP on its investment in 101 Wa…

<p>Clearwater has advised GCP on its minority investment in …

image 54
Clearwater advises Groupe Baelen on raising unitra…

pexels yan krukau 7698885 1
Clearwater advises Webedia on the sale of Semantiw…

<p>Clearwater has advised Webedia, the European leader in th…

iStock 1297207452
Clearwater advises Waterland on raising debt facil…

<p>Clearwater has advised Waterland Private Equity (Waterlan…

shutterstock 1707746185
Clearwater advises Qubix International on its sale…

<p>Clearwater has advised Qubix International, a global Orac…

image 52
Clearwater advises Long Ridge Equity Partners on i…

<p>Clearwater has advised Long Ridge Equity Partners, a US-b…

Lytzen IT solutions
Clearwater advises Lytzen IT on its sale to NetNor…

<p>Clearwater has advised the owners of the managed services…

shutterstock 2136788105
Clearwater advises SecureDevice on its sale to Swi…

<p>Clearwater has advised SecureDevice A/S (SecureDevice), a…

shutterstock 1746177536
Clearwater advises Eolas Recruitment on its sale t…

<p>Clearwater has advised Eolas Recruitment Limited (Eolas),…

TimePlan workforce management software
Clearwater advises TimePlan on its sale to Main Ca…

<p>Clearwater had advised TimePlan Software A/S (TimePlan), …

image 66
Clearwater advises Agreat on its sale to Broviken

<p>Clearwater has advised Agreat, a rapidly-growing IT consu…

image 106
Clearwater advises the shareholders of AzurSoft on…

<p>Clearwater has advised the shareholders of AzurSoft, a so…

LED light panel
Clearwater advises DeA Capital on raising finance …

<p>Clearwater has advised Sviluppo Sostenibile, a private eq…

medical software
Clearwater advises Atypical Partner on the acquisi…

<p>Clearwater has advised Atypical Partner, a pan-European i…

Vklass software
Clearwater advises Vklass on its sale to Visma

<p>Clearwater has advised Vklass, a leading Swedish school a…

image 83
Clearwater advises Littlefish on its investment fr…

<p>Clearwater has advised the shareholders of Littlefish, a …

image 102
Clearwater’s Debt Advisory team leads the lender e…

<p>Clearwater ran the lender education process to raise acqu…

image 86
Clearwater advises Leadinfo on its sale to Team.Bl…

<p>Clearwater advises Leadinfo on its sale to team.blue</p>

image 63
Clearwater advises NTI Group on its sale to Axcel

<p>Clearwater has advised the owners of the consultancy and …

image 103
Clearwater advises netIP on its sale to Adelis Equ…

<p>Clearwater has advised the shareholders of netIP, a leadi…

image 92
Clearwater has advised the shareholders of BCN inc…

<p>Clearwater has advised Beech Tree and the other sharehold…

image 58
Clearwater advises Dublin Meat Company on its inve…

<p>Clearwater has advised Dublin Meat Company (DMC), a speci…

image 90
Clearwater advises Bien'ici on its acquisition of …

<p>Clearwater has advised Bien’ici, a real estate company th…

image 92
Clearwater advises the shareholders and managers o…

<p>Clearwater has advised the founders and the shareholders …

image 84
Clearwater advises Livingbridge on its investment …

<p>Clearwater has advised Livingbridge on its investment in …

image 86
Clearwater advises AerAdvise on its acquisition of…

<p>Clearwater has advised AerAdvise, an independent aircraft…

image 93
Clearwater advises Genetics on its sale from Icela…

<p>Clearwater advises Genetics on its sale from Icelake Capi…

image 83
Clearwater advises the shareholders of Telecom Des…

<p>Clearwater has advised the shareholders of Telecom Design…

image 97
Clearwater advises iamproperty on its acquisition …

<p>Clearwater has advised iamproperty Group on its acquisiti…

image 90
Adviser to Hippo Digital on raising debt facilitie…

image 101
Clearwater advises Aspire Technology Solutions on …

<p>Clearwater has advised Aspire Technology Solutions (Aspir…

image 104
Clearwater advises Ascent on its refinancing to su…

<p>Clearwater has advised Ascent, a leading European digital…

image 102
Clearwater advises Phenix Group on the acquisition…

<p>Clearwater has advised Phenix Groupe (Phenix), a French l…

image 62
Clearwater advises on the management buy-out of Ab…

<p>Clearwater has advised Abbey Wealth Management (Abbey) on…

image 97
Clearwater advises VVAA Groep on its acquisition o…

<p>Clearwater advises VVAA Groep on its acquisition of SpotO…

image 52
Clearwater advises H&MV Engineering on its investm…

<p>Clearwater has advised H&amp;MV Engineering Limited (H&am…

image 59
Clearwater advises Petinsure.ie and Zoopo on its s…

<p>Clearwater has advised Petinsure.ie and Zoopo on its sale…

image 94
Clearwater advises Sextant on its €5m Series A fun…

<p>Clearwater has advised Sextant, the leading real estate a…

image 84
Clearwater advises Federation Entertainment on its…

<p>Clearwater has advised Federation Entertainment Group on …

image 93
Clearwater advises Asacha Media Group on its refin…

<p>Clearwater has advised Asacha Media Group, a French audio…

image 55
Clearwater advises GLORY on the sale of its shares…

<p>Clearwater has advised GLORY Ltd. (GLORY), a global leade…

image 90
Clearwater advises Abénex on the acquisition of a …

<p>Clearwater has advised Abénex on the acquisition of a min…

image 79
Clearwater advises WorkPoint on its sale to Viking…

<p>Clearwater has advised WorkPoint, a Danish Software-as-a-…

image 106
Clearwater advises Pixelz on its sale to Adelis Eq…

<p>Clearwater has advised Pixelz, a leader in image editing …

shutterstock 352303001
Clearwater advises Connexia on its sale to Retex

<p>Clearwater has advised Alchimia, the majority shareholder…

image 97
Clearwater advises ContentCal on its sale to Adobe

<p>Clearwater has advised ContentCal, a content marketing pl…

image 65
Clearwater advises Sionic on its sale to Davies

<p>Clearwater has advised Livingbridge and the shareholders …

shutterstock 2192688011
Partnership to create a global integrated supply c…

Adviser to EES on its sale to Vallen Distribution

shutterstock 2075880535
A leading Irish post-production and visual effects…

Adviser to the management of Screen Scene Limited on its man…

dacoso SOC
Raising finance to support the acquisition of a le…

Adviser to Waterland on raising finance to support the acqui…

cloud technology data storage backup
Securing long-term refinancing package to support …

Adviser to Livingbridge-backed FluidOne on its refinancing

Use ctrl + scroll to zoom in/out