BlueBull, investment banking firm specialising in technology and high-growth companies, has acted as exclusive financial advisor to Nae's shareholders on the sale of its shares to Minsait, an Indra Group company.
The combination of the two companies will create the leader in the telecommunications consultancy sector in Spain and Latin America. Founded in 2004 and with an annual turnover of more than 30 million euros, Nae has more than 400 employees between its offices in Spain and Colombia, which act as continental hubs.
Nae currently works with the most important players in the sector, from the main telecommunications operators to large corporations and public administrations with complex digital infrastructures and services.
For its part, Minsait is the leading IT and digital transformation consulting firm, with revenues over €2.5 billion in 2022. Thanks to this transaction, it will consolidate its position as the leading provider of services focused on the telecommunications industry to accelerate its penetration in Europe and Latin America.
BlueBull acted as exclusive financial advisor to Nae in analysing all potential options and negotiating the best possible outcome of the transaction for both parties, while Across Legal advised on legal matters. This is also the second sale transaction in which BlueBull has brokered with Minsait, following the acquisition of Flat 101 in 2021.
Cristóbal Escoda and Antoni Ibáñez, co-CEOs and founding partners of Nae: "BlueBull's experience in structuring transactions has played a key role in securing the most favourable terms for Nae and Minsait, which has ultimately led to a successful and fruitful outcome".
This is the eighth transaction that BlueBull has brokered this year, confirming its position as the financial advisor of choice for tech and high-growth companies.
About BlueBull
With more than 40 closed deals in the technology sector, BlueBull is the leading technology investment bank in Southern Europe. Its team of more than 30 digitally focused professionals contributes to the growth of the digital economy by advising entrepreneurs, companies and institutional investors on M&A and fundraising transactions.
About Nae
Founded in 2004 and with an annual turnover of more than €30 million, the company’s growth path is based on its sectorial expertise and high level of customer satisfaction and loyalty. As Telecom Industrial Experts, Nae is organized into 4 BUs to transform and impact its customers’ entire value chain from Corporate Strategy, Sales, Customer and Marketing areas to Operations and Technology. Nae works with the most relevant players in the Telecom sector, from the main telecommunications operators to large corporations and public administrations with complex digital infrastructures and services.
About Minsait
Founded in 2016, Minsait is an Indra Company with HQ in Madrid. The buyer is the leading IT Consulting and Digital Transformation firm in Spain and Latin America, with revenues of more than €2.500 million in 2022A. The Company designs, builds, implements, and operates innovative solutions and services that drive their clients’ businesses forward, through specialized teams that collaborate in a multidisciplinary manner. The Company offers services such as business consulting, IT and digital transformation, networks & communications in sectors such as telecom & media, public administrations, consumption and energy.
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