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Quest Holdings completes majority investment in Intelli Solutions
Our Greek Partner, Sigma Catalyst Partners, advised Intelli Solutions on the sale of shares to Quest Holding, through its subsidiary Uni Systems S.M.S.A.
Following the announcement of July 23rd, 2021, Quest Holdings S.A. announces that on October 1st, 2021 acquires 60% of the share capital of Intelli Solutions S.A. through its 100% subsidiary Uni Systems S.M.S.A..
According to the terms of the agreement, Uni Systems acquired 55.2% through the purchase and sale of shares from the old shareholders and then 4.8% through its participation in a decided share capital increase of Intelli Solutions, thus Uni Systems acquires in total the 60% of Intelli Solutions S.A. share capital.
The total transaction price – for the acquisition of the percentage of 60% of the Intelli Solutions S.A. – amounts to €3.800.000; the total investment is estimated to reach the amount of €5.200.000 during the next two years, due to provisions for extra reimbursement of the old shareholders.
Intelli Solutions S.A. is an innovative software services company, with more than 15 years of successful history in the market, many successes and a footprint in both Greece and SE Europe. It is specialized in digital transformation services, emphasizing Customer Engagement, Customer Onboarding Retention and Revenue Assurance. The company has a broad clientele in Telecom, Banking and Insurance sectors, Utilities and Online Betting.