Houlihan Lokey Advises eVision Industry Software

Houlihan Lokey is pleased to announce that it advised eVision Industry Software BV on its sale to Wolters Kluwer for $145 million. The transaction was announced on October 30, 2018.

eVision is a global leader in industrial operational risk management (IORM) software for the oil & gas, chemical, pharmaceutical, and other high-risk and high-precision industries. Its modular solution allows customers to improve control over their operational processes, reducing risk, increasing safety, and delivering efficiencies. eVision serves five of the oil & gas supermajors and is expanding its services to industry leaders in the chemical and pharmaceutical market. As stated in the Wolters Kluwer press release, an initial consideration of $145 million was paid upon completion; up to $35 million in additional consideration may become payable in the future depending on certain financial and strategic targets being met. eVision recorded revenues of $25 million in 2017 and is expected to achieve double-digit revenue growth in 2018.

eVision will be aligned with Wolters Kluwer's Enablon business unit, creating the largest software business within Wolters Kluwer's Legal & Regulatory division. Wolters Kluwer stated in its press release that the combination of eVision and Enablon is well-positioned to respond to the growing demand for a solution that provides a holistic process for control of environmental, health & safety, and operational risks.

Wolters Kluwer N.V. is a global leader in information, software solutions, and services for professionals in the health, tax and accounting, finance, risk, compliance, and legal sectors. They help customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialised technology and services.

"I would like to thank Houlihan Lokey for their hard work, organisation, and guidance throughout the entire process. The team's assistance was instrumental in helping us find the right home for eVision on the next stage of its journey. Maybe even more important was the personal relationship that was created, upon which we could build our trust needed to come to a successful close," said Peter Kortenhorst, CEO of eVision.

Houlihan Lokey served as the exclusive financial advisor to eVision. This most recent transaction adds to the extensive track record of Houlihan Lokey's data & analytics and software practice and to recent successes in the segment in the last 12 months, including the sales of Ikon Science to Great Hill Partners, and Palantir Solutions to 3esi-Enersight (a portfolio company of Rubicon Technology Partners), and the pending sale of Weather Decision Technologies to DTN.