February 14, 2020 | Corporate News
GCA expands its sector and geographic footprint via the acquisition of Stella EOC
GCA has today announced that it will acquire Stella EOC, a leading technology and media investment banking boutique with coverage in the Nordics, the UK and continental Europe.
This combination, which sees Stella EOC adopting the brand of GCA’s European business, GCA Altium, expands GCA’s coverage into further key strategic markets including Benelux and the Nordics, strengthening its already leading technology practice and adding expertise in the media and global entertainment space.
Upon completion of the transaction, GCA will employ more than 400 bankers and operate across 25 locations in 14 countries. In 2019 the two companies generated around USD 240m revenues and advised on a combined completed 190 deals.
Together, GCA and Stella EOC will continue to focus on high growth sectors, particularly in the media, technology and tech-related areas. The substantial opportunities for synergies between the businesses are expected to boost revenue growth through extended global coverage and increased cross-border capabilities. GCA will continue to provide its clients, ranging from the world’s largest conglomerates and corporates to the top financial sponsors and growth companies, with a broad offering of investment banking advisory services including M&A, debt and equity capital markets.
“We are pleased to announce our acquisition of Stella EOC. GCA and Stella EOC are a great fit in that we can expand our coverage even further into the Nordics and Benelux, where we have to date not had a presence and where we see exciting opportunities for our clients across the globe. Stella EOC is a leader in the technology and media M&A space and as such perfectly complements our strong technology sector focus,” said Phil Adams, GCA Board Member and CEO of GCA Altium.
Fredrik Malmberg, Managing Partner at Stella EOC, added: “This combination with GCA marks a new chapter for Stella EOC. After a sustained period of growth and having delivered landmark tech and media transactions across Europe, we’re delighted to embark on this next phase, extending our expertise to the US and Asia and delivering a wider range of services to our clients and stakeholders.”
Fellow Stella EOC Managing Partner, Kristoffer Källeskog, also commented: “The synergies between GCA and Stella EOC are vast, and we will be able to offer our clients an even better service as part of GCA’s truly global platform. Their well-established US, Asian, UK and continental European practices, extensive track record across our sectors and large team will enable us to deliver outstanding outcomes all round.”
Under the terms of the agreement, which has been unanimously approved by the Boards of Directors of both GCA and Stella EOC, GCA will purchase 100% of Stella EOC via an all share acquisition. The transaction is expected to close in April 2020.
Key recent deals by Stella EOC include:
- Co-advising with GCA’s US team on the public-to-private acquisition of data management leader Cxense by Piano Software, a leading provider of digital content monetization and audience intelligence software
- The sale of high growth D2C e-commerce company iDeal of Sweden to Altor, who have a total of €4.2bn investments across the Nordics
- The sale of Amsterdam-based SaaS leader Usabilla to the US-listed and market leader SurveyMonkey
- The launch of Sister, which saw Freelands, Elisabeth Murdoch’s investment vehicle, partnering with Emmy Award winning Sister Pictures and creating a new, leading global indie production company
Watch the interview with GCA and Stella EOC