Bryan, Garnier & Co advises Picturae on its sale to Karmijn - contributing to the preservation of cultural heritage

Bryan, Garnier & Co advises Picturae on its sale to Karmijn - contributing to the preservation of cultural heritage

News published on June Wednesday 13, 2018
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Context

Founded in 1998, Picturae has developed an expertise in the digitization, management, and storage of cultural heritage and natural history and historical materials.

The social impact of digitization and the creation of access to cultural heritage, natural history, and historical materials is huge. It opens doors to the world of education, research, and science; bringing history back from archive vaults, taking it directly to home computers and classrooms. This process makes historical materials accessible and preserves it for future generations.

As part of its growth strategy, Picturae’s management realized that the company had reached a point where it was time to take the next step in its service journey and find a financial partner to increase their speed in seizing more international market share.

The company serves an impressive list of high-profile national and international clients, including the Municipal Archives of Amsterdam, MoMa, UNESCO, the Smithsonian Institution, The Frick Collection, and the Van Gogh Museum.

Transaction highlights

Bryan, Garnier & Co acted as the exclusive financial advisor to Picturae’s management and shareholders on the transaction.

Bryan, Garnier & Co succeeded in creating a competitive process with strategic and financial bidders at attractive deal terms for shareholders and management.

Leveraging Karmijn’s network and expertise with Picturae’s existing digital offering allows it to focus on sustainable international growth including further technological innovation and strengthening Picturae’s international leadership position.

The transaction marks another landmark deal for Bryan, Garnier & Co’s Technology practice. Recent transactions include the sale of 21Net to Alstom, sale of Prima Solutions to The Carlyle Group and Allegorithmic to Adobe.

About Picturae

Picturae is the international market leader in the field of digitization, management, and storage of cultural heritage and natural history and historical materials, including herbariums, manuscripts, photos, films, and audio materials. The organization is headquartered in Heiloo in the Netherlands and has an office in New York. The company serves an impressive list of high-profile national and international clients, including the Municipal Archives of Amsterdam, MoMa, UNESCO, the Smithsonian Institution, The Frick Collection, and the Van Gogh Museum.

(www.picturae.com)

About Karmijn

Karmijn Kapitaal is an investment fund that participates in Dutch SMEs with a diverse management team. Karmijn’s approach focuses on the continuity of the companies in which they invest. The fund believes that continuity depends not only on traditional economic factors, which is why they also focus on softer values such as employee satisfaction, creativity, and good interpersonal relationships.

(www.karmijnkapitaal.com)

About Bryan, Garnier & Co

Bryan, Garnier & Co is a European, full service growth-focused independent investment banking partnership founded in 1996. The firm provides equity research, sales and trading, private and public capital raising as well as M&A services to growth companies and their investors. It focuses on key growth sectors of the economy including Technology, Media & Telecoms, Healthcare, Smart Industries & Energy, Consumer, Brands & Retail and Business Services. Bryan, Garnier & Co is a fully registered broker dealer authorized and regulated by the FCA in Europe and the FINRA in the U.S. Bryan, Garnier & Co is headquartered in London, with additional offices in Paris, Munich, Zurich and New York. The firm is a member of the London Stock Exchange and Euronext.

(www.bryangarnier.com)

Deal team

Falk Müller-Veerse
Partner
T: +49 89 242 262 66

Eckhard Ortwein
Executive Advisor
T: +49 89 242 262 11

Berk Kirca
Vice President
T: +49 89 242 262 65


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