UMBRA recently closed two simultaneous multimillion-dollar cross border acquisitions of start-ups in the field of data analytics and financial technology
The COVID-19 pandemic might have imposed a seemingly insurmountable challenge against the business players around the globe, but it does not mean that it is the end of productivity. Indeed, history has demonstrated the incredible resilience of entrepreneurs through out the boom and bust cycles. In light of this, we are delighted to announce that we recently closed two simultaneous multimillion-dollar acquisitions of start-ups in the field of data analytics and financial technology involving cross-border elements and the purchase of multiple independent investors shares through a combination of debt and equity instruments. The deals were led by our Pramudya A. Oktavinanda and Putu Raditya Nugraha, respectively.
Running cross-border deals during heavy travel restriction requires detailed and systematic planning as things that we usually take for granted are no longer accessible and failure of meeting even the slightest administrative requirements could delay the transaction significantly. Not to mention that the involvement of multiple independent sellers adds another layer of complexity during negotiation and structuring of the transaction. As such, we are proud that we could assist our clients in swiftly closing the deals during this unprecedented time. Congratulations to all the involved parties!