Catalyst advises on £42.3m Bluefin Solutions sale
BIRMINGHAM advisory firm Catalyst Corporate Finance has completed another international deal – the £42.3m sale of Bluefin Solutions to India-based Mindtree.
London-headquartered Bluefin Solutions is a global market-leading independent consultancy specialising in SAP HANA, an in-memory platform for processing high volumes of operational and transactional data in real-time.
It has an award-winning track record helping businesses manage digital transformations across the entire SAP portfolio, project management software which helps link ideas and strategies with project data, workflows, and business processes.
Mindtree is a multi-national information technology and outsourcing company headquartered in Bengaluru, India, and New Jersey, US. Founded in 1999, the company employs around 14,000 people.
Bluefin’s strong European client base will support Mindtree’s ability to strengthen its presence in Europe and the partnership will also create an opportunity to expedite Bluefin’s HANA expertise to the US by leveraging Mindtree’s presence in this market.
Jamie Hope, partner at Catalyst Corporate Finance who led the deal along with Mark Farlow and Emmet Keating, said: “The Bluefin team has created a fantastic platform within the SAP arena and provides an excellent environment for people to work in.
“We worked closely with the shareholders and management team to ensure we found the right partner for the business that would leverage the platform and truly value the people and culture.
“We had a number of excellent offers, however, Mindtree was the preferred choice due to its great cultural fit and the ability for each to expand their capabilities and to develop in markets where the other is strong.”
