Transaction Details

June 16, 2020
Frankfurt

Sector

Technology, Financial Technology and Services

Deal Type

M&A

Deal Team

Sascha Pfeiffer, Malte Abrams, Pascal Haas, Philipp Vinzenz, Marius Becker

GCA Altium advises LEA Partners on the sale of BELLIN to Coupa

GCA Altium has acted as exclusive financial advisor to LEA Partners and the founder Martin Bellin on the sale of BELLIN to Coupa Software (NASDAQ: COUP), a leader in Business Spend Management (BSM). With a long history in treasury, BELLIN’s cloud-based treasury management software (TMS) platform improves visibility and control over cash and optimizes treasury processes.

Based in Ettenheim, Germany, with offices in London, Vancouver, Cambridge (Massachusetts) and Karlsruhe, BELLIN’s innovative solutions for cash and liquidity management, payments, and financial instruments are used by large and mid-sized organizations globally. The addition of deep treasury management capabilities to Coupa’s portfolio will enable businesses to gain visibility into, fully manage, and reduce risk across a unified set of spend and liquidity information.

The acquisition will extend Coupa’s value within treasury, payments and working capital processes, strengthening its position as a comprehensive and indispensable platform for managing business spend. As an integral part of the Coupa platform and positioned as Coupa Treasury Management, BELLIN will offer businesses full cash and liquidity management and forecasting; advanced payments capabilities; management of cash and liquidity risks and exposures; and sophisticated intercompany netting.

“As a corporate treasurer early in my career, I found that the solutions available to treasury professionals were wholly inadequate and not user-friendly. I founded BELLIN to empower financial executives with best-in-class tools to comprehensively manage cash with visibility, control, and agility, and I am proud of what we have achieved so far,” said Martin Bellin, Chief Executive Officer at BELLIN. “Joining Coupa gives our team the ability to invest further in driving value for Treasury teams while at the same time partnering to break down the organizational silos that exist between Treasury and other Finance teams.”

Sascha Pfeiffer, Co-Head of Europe at GCA Altium, said: “Despite the Covid-19 lockdown we managed to run a fast and efficient exit process in this transatlantic M&A deal. We are convinced of the great strategic fit between the two firms and wish Martin and his team all the best in the future with Coupa.”

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