Deal Type: Transaction Services
BDO Transaction Services were delighted to have provided vendor due diligence services to retail management software company, CitiXsys, in relation to their recent fundraise of $60 million with Goldman Sachs.
Goldman Sachs Merchant Banking Division is one of the largest managers of private capital globally; regularly investing in corporate equity and corporate debt, real estate equity and real estate debt and infrastructure worldwide.
CitiXsys, with its software platform iVend Retail, is the leading provider of integrated omnichannel solutions for Retail and Hospitality industries, with its solutions used in over 95 countries. Commenting on the deal, Terence Doherty, Managing Director of Goldman Sachs Merchant Banking Division said: “We are excited to invest in CitiXsys and to be a part of the Company’s continued growth. Their innovation adds value for retailers around the world with a best-in-class solution”.
Kamal Karmaker, CEO of CitiXsys also added: “I am delighted to work with Goldman Sachs MBD in this next chapter of growth and expansion of the business, including as we look for strategic acquisition targets that complement our existing offer”.
The BDO team providing vendor due diligence services on the transaction was led by Rory O’Keeffe, Partner, and supported by Ashwini Iyer, BDO Transaction Services.