Acquisition of Cohesive by Naviam

shaking hands
Deal typePrivate Equity & Transaction Services
IndustryTechnology & Media
Client nameGalanthus Group Holdings Limited
Naviam, a world-leading IBM Maximo partner, announced it has entered into a definitive agreement to acquire Cohesive from Bentley Systems alongside significant growth investment from Norwest.

Cohesive is a leading provider of IBM Maximo consulting, implementation, hosting, and support. Its professionals serve hundreds of asset owners worldwide, including the UK's Ministry of Defence and Con Edison, one of the largest investor-owned utilities in the U.S.

Norwest is a global growth equity and venture investment firm managing more than $15.5 billion in capital. Since its inception, Norwest has invested in more than 700 companies and currently partners with more than 250 companies in its growth equity and venture portfolio.

BDO provided financial and tax due diligence support to Naviam on the transaction.

The project team included:
Transaction Services: Craig Martin, Amer Hussain, Andy Marshall
Tax: Martin Bell, Kevin Johnstone