Core Finance advised Param Group on its 100% Acquisition of Univera & Univis

June 14, 2023
Core Finance advised Param Group on its 100% Acquisition of Univera & Univis

Core Finance acted as exclusive buy-side advisor to Param Group on its 100% acquisition of Univera and Univis, a leading enterprise level B2B software solution provider, servicing blue-chip clients for the management of multi-channel sales, warehouse & production operations, and procurement operations.

Univera, established in 1992, is the premier enterprise application software (EAS) provider. Digitizing sales, logistics, and service processes, Univera boasts a loyal customer base and recurring revenue, ensuring high growth ahead. With 170+ projects and blue-chip clients like Nestle, Mondelez, Unilever, Brisa, Ulker, and L’Oreal, the company facilitates TL 125+ billion in annual payment volume.

Param Group, the leading Turkish financial technology group with full-stack payment solution is backed by CEECAT Capital, European Bank for Reconstruction and Development (EBRD), Alpha Associates and Revo Capital.

The acquisition of Univera & Univis presents Param Group with an exceptional opportunity to align its financial platform with a top-tier player in Turkey’s field sales and service management software arena, opening doors to a well-established adjacent industry. This strategic move sets the stage for Param Group to expand its reach and capitalize on exciting synergies, propelling its growth and market presence to new heights.

Emin Can Yılmaz, founder and CEO of Param commented: “We are pleased to partner with Univera and offer our innovative solutions to its blue-chip international & domestic client base as well as their distributors and point-of-sales locations. This acquisition will enable us to elevate our successful growth story and expand our market influence to unprecedented levels."

Alper Kiresepi, Managing Partner at Core Finance commented: “We, Core Finance, are thrilled to have advised Param Group on this strategic acquisition, showcasing their commitment to innovation, growth, and consolidation. The potential synergies speak volumes about Param's ambition. We are confident this transaction will be a success for Param and Univera, and we eagerly anticipate collaborating with Param as it expands further.’’

The transaction marks another buy-side advisory for Core Finance, providing its expertise in advising leading technology companies and financial institutions.