NIBC supports WeSustain in their sale to Cority

On 30 April 2021, Cority acquired 100% of the shares in WeSustain from founders and investors

WeSustain is a Germany-based SaaS (Software-as-a-Service) specialist that is backed by several reputable venture capital investors. It has developed solutions for data management and reporting for ESG (Environment, Social, Governance), sustainability, as well as impact and compliance management purposes, and has a portfolio of around 60 customers, including ThyssenKrupp, McKesson, Merck and Commerzbank.

The company experiences strong market momentum for its innovative sustainability management SaaS platform. NIBC was appointed to support WeSustain in finding a partner in order to be able to benefit from this trend and realise its growth ambitions. 

That partner is Cority. Cority is a Toronto, Canada based provider of EHS (Environment, Health and Safety) software, offering its SaaS platform to enterprise customers in more than 100 countries around the world. 

The assignment

Over the last years, WeSustain has been focusing on developing and improving its SaaS solutions while showing proof-of-concept by building a loyal customer base centered around the DACH region. Experiencing a steeply growing demand, on the back of a worldwide sustainability and digitisation trend, the company and shareholders realised that this is the time to shift focus to international expansion. With most existing investors having their funds maturing, WeSustain was in need of a new partner.

Adding value

NIBC’s Technology and M&A teams joined forces to support WeSustain in realising its ambitions during this decisive moment. This way, NIBC was able to support with its knowledge of SaaS business models and the software industry while leveraging our network in the tech- and software market. At the same time NIBC built upon its experience in advising and enabling a well prepared transaction process.

Delivering results

NIBC advised WeSustain on available strategic routes, and subsequently in selecting and approaching the right potential buyers and investors. In addition, by executing a well-prepared competitive process, we enabled a swift transaction execution with an optimal outcome for WeSustain in terms of the best fitting strategic partner for realising the companies’ growth ambitions, as well as terms of the transaction for the exiting shareholders.

Dr. Manfred Heil, CEO, WeSustain: “Joining forces with Cority instantly advances our aim of making businesses more sustainable and future-proof in Europe and around the world. We are very pleased with NIBC as our advisor in this process, notably their added value in their understanding of SaaS business models, its broad network in the international software (investor) market and their M&A expertise evidenced by a bespoke and well-prepared transaction process.

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