The Sky’s the Limit – IFL advises Cloudstaff on US$20M Series B
08.5.2020Cloudstaff have announced their investment from Philippines focused Navegar.
Cloudstaff Modern Workforce, a leading global cloud-based workforce
provider, raised US$20m in Series B funds from Philippines-focused private
equity firm Navegar. Cloudstaff is incorporated in Australia and based
in the Philippines.
Navegar was previously an investor in TaskUs, a large provider of BPO
solutions, which was sold to Blackstone for $250m in 2018. Building on this
success, Navegar identified Cloudstaff as a leader in this sector. The
investment will be used to accelerate Cloudstaff’s growth and development.
InterFinancial acted as Cloudstaff’s corporate advisor. We added significant
value by helping management to articulate the strong growth story and managing
discussions with multiple parties throughout Australia and Asia. Ultimately, we
were able to complete the transaction despite severe market disruption due to
COVID-19 restrictions.
Read Cloudstaff press release here.
Cloudstaff have announced their investment from Philippines focused Navegar.
InterFinancial is delighted to have assisted Cloudstaff on the transaction and wish all parties the best for a successful partnership.
Click through to view the official press release https://www.cloudstaff.com/press/navegar/
