25.08.2021

Bigtincan Holdings Limited (ASX:BTH) raises approximately $136m to help fund their acquisition of Brainshark Inc.

Henslow is pleased to have acted as Corporate Advisor, Joint Lead Manager and Underwriter to raise approximately $136m for Bigtincan Holdings Limited (ASX:BTH) via a Placement and Underwritten Accelerated Non-Renounceable Entitlement Offer. Approximately $80.6m has been raised through the Placement and Institutional Entitlement Offer of the capital raise. The Placement was cornerstoned by major shareholder SQN Investors (a U.S. based investment firm focused on technology companies). The Institutional Entitlement Offer was strongly supported by domestic and international institutional investors.

The capital raised will be used to fund Bigtincan’s acquisition of U.S. based SaaS provider, Brainshark Inc. Brainshark is recognized as a leader in sales coaching, learning and readiness with 900+ customers and approximately 180 employees. The acquisition of Brainshark Inc. is expected to transform Bigtincan into a global leader in the sales enablement market with significant scale, including an estimated increase in annual recurring revenue to $119m+ at the end of FY22.

This is the third capital raising that Henslow has undertaken for Bigtincan and we look forward to supporting the Company as they become a global leader in the sales enablement industry.

Henslow brings a unique combination of corporate advisory capabilities in private capital, and public ECM, broking and advisory. This transaction adds to Henslow’s strong track record of successful capital raisings in the SaaS sector.

See ASX announcement here

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