Bigtincan (ASX:BTH)

Approximately $136m Raised via a Placement and Underwritten Accelerated Non-Renounceable Entitlement Offer 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.

Powering organisations with intelligent learning and streamlined solutions.

Bigtincan is a software company that has developed an AI-powered sales enablement automation platform aimed at achieving improved success of sales and customer satisfaction. The mobile platform solution features the industry’s premier user experience that empowers sales representatives to more effectively engage with customers and prospects and encourages team-wide adoption.

The Highlights

  • $213.5m

    Total Capital Raised

  • $577m

    Market Capitalisation

  • $136.0m

    Recently Raised

A global customer base with over 200,000+ licensed users

Bigtincan Holdings Limited has completed six acquisitions since late 2017 and the new funds will enable the company to accelerate its key strategic priorities. This is the second placement that Henslow has undertaken for BTH and we look forward to supporting Bigtincan Holdings through its accelerated growth phase and further acquisitions.

Timeline


May 2020

$35m Placement completed

June 2020

$7.5m SPP completed

December 2020

$35.0m Placement completed

August 2021

$136.0m Placement and Underwritten Accelerated Non-Renounceable Entitlement Offer

We see this recent transaction as a huge asset to enhance our existing mobile-first platform and continue to build our portfolio offerings as we look to meet the needs of sales teams across industries.

David Keane, Co-founder and CEO of Bigtincan