Transaction Details

February 27, 2019
Milan

Sector

Technology

Deal Type

M&A

Deal Value

$192m

Deal Team

Alessandro Soprano, Raffi Salibian, Jacopo Santin, Paolo Altomare

GCA Altium advises the shareholders of Kaleyra on the business combination with GigCapital

GCA Altium advised the shareholders of Kaleyra, a rapidly growing cloud communications software provider delivering secure APIs and connectivity solutions in the API/CPaaS market, on its business combination with GigCapital Inc., a NYSE listed Special Purpose Acquisition Company.

Kaleyra is a global group providing mobile messaging services for financial institutions and other enterprises of all sizes. Kaleyra has a highly diversified global list of more than 3,000 customers. Target markets include FinTech, e-commerce, logistics, travel, healthcare, retail and education.

Leveraging its 20-year history of innovation, Kaleyra’s solutions include identity authentication, mobile and voice notifications on transactions and banking services authorizations, most notably via different integrated mobile channels on its platform.

As a result of the business combination with GigCapital, Kaleyra will be listed on the New York Stock Exchange with the ticker NYSE:KLR. The company is to be managed by current Kaleyra CEO Dario Calogero and the Kaleyra leadership team, along with GigCapital founder Dr. Avi Katz as Chairman.

Alessandro Soprano, Managing Director at GCA Altium, stated: “It was a pleasure to assist Kaleyra’s shareholders in their path towards listing and actively supporting the company’s next phase of growth within the Cloud Communications for Enterprises market. We wish the team and Kaleyra every success in the future.”

GCA Altium acted as financial advisor to the shareholders of Kaleyra. The transaction, subject to customary closing conditions including regulatory and stockholder approval, values the business at USD 192m and is expected to be completed in the second half of 2019.

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