Overview of Transaction

• On February 14, 2019, BROWZ and Avetta agreed to merge forming a new, market leading organization focused on delivering supply chain risk management services to companies worldwide
• The combination is being financed through investments by Avetta’s three major shareholders: Welsh, Carson, Anderson & Stowe, Technology Crossover Ventures, and Norwest Venture Partners
• BROWZ’s existing shareholders, Melkonian Capital and Long Ridge Equity Partners, are rolling a portion of their investment into the combined company
• John Herr, CEO of Avetta, will lead the combined company, which will retain the Avetta name
• Headquartered in Draper, Utah, BROWZ ensures that supply chains are safe, qualified, and socially responsible by delivering a comprehensive solution to prequalify, assess, and monitor supply chain compliance based on the unique needs of each of its clients
• Avetta, based in Irvine, CA, helps the world’s leading organizations effectively manage supply chain compliance through prequalification, document management, auditing, employee-level qualification & training, insurance verification and business intelligence

Significance of Transaction

• Together, the companies’ market-leading technology platform and products will strengthen sustainable connections between their clients and suppliers, while streamlining and simplifying the engagement process for both parties
• Both companies have a combined expertise of 30+ years in the industry, which will help the new organization’s clients and suppliers achieve the highest standards of quality and safety

FT Partners' Role

• FT Partners served as exclusive strategic and financial advisor to BROWZ in this transaction
• FT Partners previously advised BROWZ on its $10 million equity financing in 2015
• The deal provides a great outcome for BROWZ and highlights the repeat, long-term nature of many of FT Partners' advisory engagements
• This transaction also exemplifies FT Partners’ expertise in sell side advisory across a broad range of SaaS-based companies