Results has advised Lumi Global on its recapitalisaton by Vespa Capital
- Service: M&A
- Sector: Technology
- Sub Sector: Enterprise SaaS
- Engagement Type: Sell Side
Results is delighted to announce that it has advised Lumi, the leading global provider of Annual General Meeting (AGM) technology, on its recapitalisation by Vespa Capital.
Lumi, headquartered in the UK, previously received investment from Vespa Capital in 2017 and is the global market leader in the provision of mission critical software and real-time audience engagement technology to facilitate AGMs for companies, associations, and partnerships.
Lumi’s technology enables shareholders and members to participate in meetings virtually and its rapid adoption has resulted in significant environmental and governance benefits globally. The business saw a significant increase in demand due to the Covid-19 pandemic and in 2021 alone, Lumi serviced over 4,000 meetings worldwide, in 40 markets, supporting the world’s largest corporations and associations to manage the shift to virtual and hybrid meetings.
Vespa Capital’s continued commitment to Lumi highlights their ongoing confidence in the senior management team to further develop Lumi’s market leading technology, provide excellent service delivery, and support their clients’ virtual, hybrid, and in-room meeting requirements.
This deal emphasises our strong track record in the Enterprise Software space and further strengthens our relationship with the private equity community.
We are thrilled with the advice provided by Results. The team demonstrated professionalism, a commendable work-ethic, and insightful advice all the way through the transaction. They're tenacious, unfailing in enthusiasm and commitment, and we appreciated their sleeves-rolled up approach. I look forward to working with them again!
Richard Taylor, CEO, Lumi Global
Results’ support was the necessary balance of experienced, thoughtful and commercial guidance at key moments coupled with dedicated and detailed support throughout. We are delighted with the outcome we have achieved and know that the advisory team was key to making it happen.
Nigel Hammond, Partner, Vespa Capital