AGC Partners is pleased to announce that its client, Origo (ICE: ORIGO), a leader in IT software and services, has sold its holding in Tempo, a developer of cloud-based software designed to plan and schedule resources for software engineering teams, to Diversis Capital. The deal was transacted at an Enterprise Value of $600M and marks AGC's second engagement with Origo, having initially advised the Company on the sale of their majority stake in Tempo to Diversis in 2018. The transaction represents AGC's eighth Nordic deal since the start of 2021 and further demonstrates the firm's leading advisory capabilities in the devops Software & Services space. With a team led by Fred Joseph and Sean Tucker, AGC Partners acted as the sole financial advisor to Origo.To view the announcement by Origo, click here.
"Fred and his team jumped in and lead the negotiations, their unparalleled understanding of the Tempo business helped us drive a process that generated a fantastic outcome for the Origo shareholders. Origo is a happy and well satisfied returning client. We have and will continue to recommend Fred and AGC to people who need investment banking services. Looking forward to finding a third opportunity to work together."