Asset-Ex launches first global online marketplace for business assets
The first global online marketplace for buying and selling businesses with the added feature of virtual data room has launched today.
Asset-Ex offers private equity, venture capital, investment bankers, investors, corporate M&A teams, business owners and entrepreneurs access to a business trading tool for transactions valued at between $2m-$500m.
The dedicated website includes features such as:
– A billboard to advertise the business or business asset for sale with an embedded virtual data room on the same site
– Offers the choice to put only part of, or all of, a business for sale
– Contains a buyer’s data room as well as a seller’s data room, for example to enable a buyer to store a document evidencing proof of funds.
Backed by George Koukis, chairman of packaged banking software supplier Temenos, the development of Asset-Ex involves professionals from both on the buy-side and the sell-side. The team includes more than a dozen software engineers.
The side offers search engine facilities for buyers, enables users to exercise direct control over the release of information to counter-parties, and offers secure data processing and storage.
“We’re delighted to provide a new way to buy and sell businesses and business assets. We intend to shake up the way M&A is conducted in Europe. Our site offers an attractive service for private equity and venture capital in particular,” said Jamie Apold, Founder of Asset-Ex.
“This billboard/data room combination means buyers and sellers can conduct almost the entire process of a transaction online, all the time protected by top-notch data protection technology.”
“At launch we have both businesses and business assets for sale in such diverse sectors as oil and gas and media; and in locations as diverse as Panama, and the Czech Republic.”
Sellers of assets pay a yearly subscription for access to the site and a commission per transaction. Buyers pay only a transaction commission.
Further details are available at www.asset-ex.com