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Their extensive understanding of our business enabled Convex to precisely articulate the specific opportunities to potential buyers, thereby creating significant value for ourselves

Allan W Gray, Founder

Deal Value: $12m

Chris Froggatt

Partner

Atlas Products International | July 2014

Convex Capital originated, led, structured and completed the 100% sale of Atlas Products International Holdings Limited, a leading UK e-Invoicing and EDI business to HighJump Software, a US Company based in Minnesota.

API was founded by Allan W Gray and his son Allan J Gray, in the 1990’s and is headquartered in Wigan. The Company employs 50 people and has more than 2,200 clients. Convex were instrumental in developing a courtship between HighJump and API, which resulted in HighJump becoming a very strategic buyer and delivering value of nearly 14x EBITDA for the API shareholders. Both Father and son will continue with the business.

Founder Allan Gray said “many thanks to the team at Convex, who performed brilliantly and hand held us through the process. We have worked with them for over 20 years on all of our M&A transactions.”

The Convex difference: courting the perfect buyer to deliver exceptional shareholder value 

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