Datasite, a SaaS provider of AI-based workflow collaboration and automation solutions for M&A, investment, and strategic projects, has announced the acquisition of Grata, a leading AI-based private market intelligence company. And CapVest Partners (the controlling shareholder of Datasite) plans to invest $500 million, organically and inorganically, to expand Datasite’s intelligence solutions further.
Launched in 2016, Grata offers an AI-native platform for private market workflows, combining proprietary data with integrated dealmaking software solutions. And Datasite’s acquisition and ongoing investment in Grata will advance the growth of its pioneering, deal-sourcing and market-intelligence tools. Co-founders Andrew Bocskocsky and Nevin Raj will continue to lead Grata as a strategic business unit within Datasite.
Advisors: Datasite was advised by Arma Partners (M&A), Willkie Farr & Gallagher (Legal), Alvarez & Marsal (Financial), KPMG (Tax), Lockton (Insurance) and West Monroe (Technology). And Grata was advised by Deutsche Bank (M&A) and Orrick (Legal).
KEY QUOTES:
“This landmark combination creates a unique market intelligence offering for enterprises globally. Grata has comprehensive, accurate and searchable data on private companies. Combine that with the Datasite Group’s anonymized and aggregated insights – from the largest and most trusted database in the world, capturing over 55,000 projects every year – and you’ve got an unmatched powerhouse of market intelligence.”
Rusty Wiley, CEO and President of Datasite
“We are thrilled to join the Datasite team and back our shared vision with significant investment. Together, with Datasite’s global footprint, we are expanding our reach to international markets and creating unprecedented value for users.”
Andrew Bocskocsky, CEO and Co-Founder of Grata
“Obtaining accurate, real-time data on private markets will further enable enterprises and investors to execute their strategic priorities. We welcome Grata to the Datasite Group and look forward to bringing unique insights to the M&A community.”
Christopher Campbell, Partner at CapVest
