Using our global reach to secure the deal with NAPA Ltd.

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Company description and what they were looking to do

NAPA is the world leading software house supplying solutions for ship design and operation with a mission to improve safety and eco-efficiency of the global maritime industry. With a solid track record in setting new standards for 3D modelling of ships and ship performance monitoring and optimisation, NAPA has nearly 400 user organisations for design application and nearly 1,700 installations onboard.

NAPA was owned by 86 people - mostly employees of the Company. The owners were keen to find NAPA a partner that would understand the important opportunity that qualitative and innovative software, as well as global services, presents to the maritime industry.

Our approach

PwC won the sell-side mandate of NAPA mainly based on excellent preparation work but also due to a previous track record of selling companies to Asian buyers in the marine sector.

PwC ran a dual track process, approaching a select group of globally present trade buyers while maintaining an open dialogue with one Asian buyer who had expressed an interest in acquiring the company during the pre-marketing rounds.

How we add value

The Company was finally sold to Japanese Nippon Kaiji Kyokai, known as ClassNK, with very satisfying terms via a fast track process. The EV / EBITDA multiple of the transaction was over 40x the pre-deal EBITDA.

Contact us

Stuart McKee

Global Head of Corporate Finance

Tel: +44 (0)20 7213 4321

Simon Russell

Global Head of Technology Corporate Finance

Tel: +44(0)20 780 42977

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