Astorg’s Acquisition Of Xceptor

Travers Smith LLP has advised CBPE Capital LLP and management shareholders on the deal.

CBPE Capital LLP sold Xceptor, a global leader in the end-to-end, no-code process automation market, to Astorg.

Xceptor, which operates from five offices globally and employs over 160 people, combines a highly scalable, next generation technology platform with deep financial sector domain expertise, serving a global, blue-chip customer base.             

Since investing in Xceptor in 2017, CBPE has worked with the management team to significantly scale the business and develop a genuine best-in-class, process automation software vendor.

The sale to Astorg represents a money multiple of 10.8x CBPE’s original investment in Xceptor and an IRR of 89%.

The Travers Smith team was led by Private Equity & Financial Sponsors Partner George Weavil (Picture) with support from Associates Rachel Taggart and Sarah Owadally. Specialist advise was provided by Tax Partner Hannah Manning, Tax Associate Anthony Reeves, Head of Incentives & Remuneration Mahesh Varia and Incentives & Remuneration Associate Laura O’Flynn.

Involved fees earner: Hannah Manning – Travers Smith; Laura O’Flynn – Travers Smith; Sarah Owadally – Travers Smith; Anthony Reeves – Travers Smith; Rachel Taggart – Travers Smith; Mahesh Varia – Travers Smith; George Weavil – Travers Smith;

Law Firms: Travers Smith;

Clients: CBPE Capital LLP;

Author: Federica Tiefenthaler