TH Global Capital advises INDEAVR on its sale to Marlabs
Bulgaria-headquartered INDEAVR has been acquired by Marlabs, a private equity investor. TH Global Capital acted as the exclusive financial advisor to INDEAVR’s shareholders.
Founded in 2005, INDEAVR has a 200-strong team specialized in digital, data, and cloud engineering capabilities. The company, which also has an additional office in Geneva (Switzerland), serves leading companies across life sciences, consumer goods, energy and natural resources, specialty chemicals, and industrial engineering.
Marlabs meanwhile is a US-headquartered company that delivers technology solutions to Fortune 500 clients across industries. The company has around 2,500 worldwide.
Tom Collins, CEO of Marlabs, said: “We are thrilled to welcome INDEAVR to the Marlabs team, and we’re excited for the way our companies’ strengths will build on one another. Their innovative solutions and talented team’s forward-thinking approach align well with our mission to deliver sustainable value and positive impact for our clients. Together, we will deliver even greater value to our customers and stakeholders through future-ready digital foundations.”
Through this partnership with Marlabs, INDEAVR will be able to accelerate its global expansion.
Valcho Stoyanov, CEO of INDEAVR stated: “Marlabs shares our values of operational discipline, long-term thinking, and deep client focus. This partnership strengthens our ability to deliver transformative outcomes to our clients – while expanding the scale, reach, and strategic capabilities that INDEAVR has built over the past two decades. It marks a powerful new chapter for our team.”
The sell-side dealmaker
TH Global Capital acted as the exclusive financial advisor to INDEAVR. This transaction marks TH Global Capital’s 7th deal in the Central Eastern Europe region.
Vivek Subramanyam, Founder and CEO of TH Global Capital, said, “We are delighted to announce our 7th deal in Central Eastern Europe, reinforcing our strong track record in the digital engineering space. Globally, this represents our 13th transaction in product engineering, 14th in analytics & data science, and 49th in digital transformation.”
“This deal underscores TH Global Capital’s deep expertise in digital transformation and product engineering, as well as our leadership position in the Central Eastern Europe market. INDEAVR is an exceptional company, and we wish the team continued success in their new strategic partnership with Marlabs.”
Pablo Jorge, President at TH Global Capital, added, “We are thrilled to have supported and advised INDEAVR on this transaction. Working with the INDEAVR team has been fantastic, and we are excited about their future collaboration with Marlabs. We believe this combination will be a game-changer in the global digital transformation and product engineering sectors, by leveraging Marlabs’ scale and reach alongside INDEAVR’s specialized expertise.”
