Results International advises ZigZag on its acquisition by Global Blue
- Service: M&A
- Sector: Technology
- Sub Sector: Digital Media/B2C Commerce, Enterprise SaaS
- Engagement Type: Sell Side
We are delighted to announce that Results International has advised ZigZag Global on its acquisition by Global Blue (NYSE: GB). ZigZag is a leading SaaS platform that enhances and streamlines the eCommerce returns process for consumers and retailers across the globe. ZigZag integrates with over 30 leading merchant e-commerce software platforms, and powers returns for over 100 global eCommerce retailers including Selfridges, GAP, Superdry and The Hut Group. The company was founded in 2015 by Al Gerrie and Laurence Guy and raised funding from investors including Circularity Capital and Maersk Growth.
Global Blue is a leading strategic technology and payments partner to merchants globally, and this is its first acquisition since listing in August 2020. The synergies between the two businesses are strong and will enable ZigZag to make the most of its many growth opportunities. Global Blue has raised $70 million via a private placement to fully fund the ZigZag acquisition, and the transaction is expected to close by the end of March 2021.
This transaction follows recent transactions including BlueVenn’s acquisition by Upland Software, Rimilia’s acquisition by BlackLine and Tenzing’s investment in MetaCompliance.
Results are an outstanding partner. They worked around the clock and were completely aligned to getting the deal done quickly. They added a great deal of value around the process, due diligence and deal mechanics and I wouldn’t hesitate to recommend working with them to help achieve a transaction in the best interests of all shareholders and stakeholders.
Founder & CEO, Zig Zag Global