Datasite acquires Grata
Datasite, the global SaaS provider of AI-powered workflow collaboration and automation solutions for M&A, investment and strategic projects, today announced that it has acquired Grata, a leading AI-native, private market intelligence company. CapVest Partners LLP (CapVest), the controlling shareholder of Datasite, intends to invest $500 million, organically and inorganically, to further expand Datasite's intelligence solutions.
0
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
'This landmark combination creates a unique market intelligence offering for enterprises globally,' said Rusty Wiley, CEO and President of Datasite. 'Grata has comprehensive, accurate and searchable data on private companies. Combine that with the Datasite Group's anonymized and aggregated insights – from the largest and most trusted database in the world, capturing over 55,000 projects every year – and you've got an unmatched powerhouse of market intelligence.'
Founded in 2016, New York-based Grata offers an AI-native platform for private market workflows combining proprietary company data with integrated dealmaking software solutions. Datasite's acquisition and ongoing investment in Grata will accelerate the growth of its pioneering, deal sourcing and market intelligence tools. Co-founders Andrew Bocskocsky and Nevin Raj will continue to lead Grata as a strategic business unit within Datasite.
'We are thrilled to join the Datasite team and back our shared vision with significant investment,' said Andrew Bocskocsky, CEO and Co-Founder of Grata. 'Together, with Datasite's global footprint, we are expanding our reach to international markets and creating unprecedented value for users.'
Christopher Campbell, Partner at CapVest, said, 'Obtaining accurate, real-time data on private markets will further enable enterprises and investors to execute their strategic priorities. We welcome Grata to the Datasite Group and look forward to bringing unique insights to the M&A community.'
Datasite was advised by Arma Partners (M&A), Willkie Farr & Gallagher LLP (Legal), Alvarez & Marsal (Financial), KPMG (Tax), Lockton (Insurance) and West Monroe (Technology). Grata was advised by Deutsche Bank (M&A) and Orrick (Legal).
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Scottish Sun
4 hours ago
- Scottish Sun
Owner of Pret A Manger plans stock market flotation & may sell stake in business
Pret opened its first shop in London in 1986 and now the chain employs 12,500 staff in more than 700 locations PRET STAKE SANDWICH Owner of Pret A Manger plans stock market flotation & may sell stake in business Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) THE owner of Pret A Manger plans a stock market flotation — and could consider selling a stake in the business first. Luxembourg-based firm Jab Holding bought the sandwich chain for £1.5billion in 2018. Sign up for Scottish Sun newsletter Sign up 1 The owner of Pret A Manger plans a stock market flotation — and could consider selling a stake in the business first Credit: Getty But the pandemic saw it post a £343million loss in 2020 as its key customers — office workers and commuters — were kept at home. It then launched cut-priced food and coffee subscription services to lure them back when they returned to the office, which helped sales jump by a fifth in 2023. Pret opened its first shop in London in 1986 and the chain employs 12,500 staff in more than 700 locations across 21 countries. JAB, which also owns Krispy Kreme doughnuts and Keurig Dr Pepper, has ambitions in the insurance and asset management industry and wants to reduce its reliance on the consumer sector. Read More on business LAST CALL Major bar chain to shut ALL 250 venues across the UK for 24 hours next week It suggested it could consider selling a stake in Pret ahead of a potential listing. JAB said: 'As we move closer to a potential IPO, we may evaluate bringing on a pre-IPO investor.' It is the first time the group has publicly confirmed IPO plans for Pret. Ahead of the potential listing, it appointed former Restaurant Brands International chief executive José Cil as chair of Pret last month. Pret's chief executive since 2019 is Pano Christou, who started as an assistant manager in a central London outlet at 22. The minicab driver's son, 45, grew up in Tooting, South London, and now earns more than £400,000 a year. Android users warned as major brand shuts down phone business BANK MIS-APP THOUSANDS of customers were unable to log in to NatWest's mobile app yesterday. More than 3,000 outages were reported through services-monitoring site Downdetector. The bank blamed the problem on an update it made the day before and said it was 'working to fix it as quickly as possible'. PAD PRICE DIP THE average UK house price fell by around £1,150 or 0.4 per cent last month, stats from Halifax show. But property values have increased by more than £7,000 on average over the past year. Prices climbed 2.5 per cent in the 12 months to May, but that was a fall from April's annual increase of 3.2 per cent.
The Courier
4 hours ago
- The Courier
First look inside new Dunfermline world buffet restaurant Booffi
A new world buffet restaurant has opened in Dunfermline. Booffi has taken over the former Kinema building on Carnegie Drive. The restaurant is a fourth venture for the Glasgow-based firm, which also has venues in Clydebank, Forge Retail Park and Glasgow Fort. The buffet offers a variety of dishes from different cultures around the world, including Italian, Indian and Chinese. The Kinema, a former dance hall and nightclub, first became a world buffet restaurant in 2018. However, it was forced to close during the Covid lockdowns. The Courier was given a look around the new restaurant before it opened to the public on Friday.
Reuters
5 hours ago
- Reuters
SailGP roars back into action in New York after Rio cancellation
NEW YORK, June 6 (Reuters) - SailGP teams will shake off the rust in New York this weekend, as the global racing championship gets back into action after a wingsail defect forced a brief hiatus with the cancellation of May's Rio event. Organisers identified the defect after the Australian boat's wing collapsed in San Francisco in March and carried out repair and upgrade work to remedy the issue on the F50 fleet in time for the highly anticipated New York competition. "We had almost two months of learning to take from the previous events," said Brazil's twice Olympic champion Martine Grael, SailGP's first-ever female driver. "We have a lot of changes in our sailing - there are almost too many changes and we know you can only handle a few changes at a time. We're focusing to see what we can adapt here." The recently added Brazil team hope to move up the standings from 10th as the action kicks off on Saturday at 1 p.m. ET (1700 GMT), two and a half hours earlier than planned due to inclement weather. The three-times champions Australia, who hold just a one-point advantage over Britain in the standings, want to impress after making headlines off the water, with new A-List co-owners Hugh Jackman and Ryan Reynolds announced this week. The great equaliser between the celebrity-fronted top dogs and the up-and-comers has been the competition's tech-first approach to sailing, with each of the vessels equipped with 125 sensors continuously feeding data. "We give the data to everybody," SailGP's Chief Technology Officer Warren Jones told Reuters. "Top teams hate it, but the newer teams love it." Jones was able to build the robust analytics operation from "a blank sheet of paper" by cherry-picking from billionaire co-founder Larry Ellison's Oracle capabilities. The hope is that the data points broadcast across the competition can help transform the next generation of fans - newcomers and diehards alike. "There are the basics - you need to know how fast people are going because then it adds the jeopardy of what's going on," said Jones. "Then there's people out there who want to know how many tacks they've done and what the tack is compared to the last tack - we can rate that."
