Marks Baughan & Co. today announced its role as exclusive financial advisor to Serverside Group Limited in its sale of a strategic equity stake to Gemalto, the world leader in digital security. Serverside Group Limited is the global technology leader in digital card design, and a provider of innovative software solutions to card issuers, personalization bureaus and card producers. Serverside Group Limited was founded in 2003 by brothers Adam Elgar (Chief Executive Officer) and Tom Elgar (Chief Technology Officer) and is headquartered in London, United Kingdom. Financial terms of the transaction were not disclosed.
“The Marks Baughan team was instrumental in finding the right partner for Serverside,” said Adam Elgar, the Company’s co-founder and Chief Executive Officer. “Marks Baughan understood our company, the investor universe, and market dynamics and in an extremely challenging environment, sourced and negotiated a strategic partnership with Gemalto that provides the Company the means to continue to develop its technology and market leadership. From drafting of the marketing materials through closing of the negotiations, we were extremely impressed with the level of commitment we received from Marks Baughan.”
The investment underscores Gemalto’s focus on expanding its software and services offering. Gemalto’s investment provides Serverside with growth capital to further develop its technology and market leadership.
Under the terms of the transaction, Adam and Tom Elgar, the company’s founders, will continue to lead the organization and the current management team will remain unchanged.
For more information on this transaction, please contact:
John Jacobs
Managing Member
+44 207 936-9378
jjacobs@marbau.com
Jim Marks
President
610.616.3295
jmarks@marbau.com
Chris Skoff
Vice President
610.616.3297
cskoff@marbau.com
About Marks Baughan & Co.
Marks Baughan & Co. provides investment banking services to growth companies in the Financial Technology and Information Management sectors. Our narrow focus and deep expertise and relationships in these two verticals provide our clients with top-quality results driven by an efficient process. Started in 2004 by two former senior members of the Credit Suisse First Boston Technology Group, Marks Baughan & Co. has established itself as one of the most successful of the new boutique investment banks by combining bulge-bracket expertise with boutique service. Our clients range from public companies with multi-billion dollar market caps to private companies with $10 million in revenues. We deliver results for clients: advising on sales of entire companies and divisions, acquisitions, private placements of equity and debt securities, or strategic advisory services for CEOs and CFOs on public offerings, M&A plans, or investor positioning.