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Supporting our clients buy and build strategy
Accelerating Destiny’s growth
- Deloitte M&A Transaction Services supports Destiny Group in its active buy and build strategy with integrated M&A services ranging from due diligence, synergy identification, integration support, and business planning.
“Given the complexity of the different projects, we needed a team of experts who understood our requirements and supported us early in the process. With its professional approach, Deloitte provided the right support to guide our decisions.”
Founded by Daan and Samuel De Wever, Destiny is a secure cloud communication solutions provider, serving innovative companies. With more than 300 employees and operations in Belgium, the Netherlands and France, the company has become the fastest-growing cloud and telecoms player in the Belgian B2B market. Destiny owes its strong growth as a cloud telecoms operator to its dedication to service and flexibility. Destiny’s solutions currently include fixed line (VoIP) and mobile telephony, unified communications (UCaaS), data networks, and secure cloud infrastructure services.
Deloitte M&A Transaction Services started working alongside Destiny’s management team in the context of the succession of PE investor Mentha Capital by Apax partners, a Paris-based European leader in private equity. The active acquisition strategy, resulting in more than 10 acquisitions over a period of two years, required the preparation of integrated historical financials and business plans, followed by a vendor due diligence report to prepare the equity story and support potential buyers in their investment considerations.
With the entrance of Apax and a significant reinvestment by Destiny’s management team, Destiny Group aims to continue its rapid expansion in the fast-growing cloud-based unified communications market to accelerate its international development and to continue its active acquisition strategy.
“Since the company is experiencing significant growth, financial guidance is essential in order to make the right decisions. Deloitte is proud to support Destiny in this journey with financial and tax due diligence and M&A advice, business planning and synergy assessments.”