FTV VIII's Strategic Acquisition: Unlocking Windward's Potential

In a strategic move, FTV VIII, L.P., through Octopus UK Bidco Limited, has agreed to acquire Windward Ltd. for approximately £216 million. This recommended cash acquisition, to be effected by way of a merger under the Israeli Companies Law, presents an attractive opportunity for both parties. Let's delve into the details and implications of this acquisition.

Windward, a leading maritime AI-based analytics platform, has built a strong reputation in risk, compliance, trading, and supply chain use cases. With a growing blue-chip customer base worldwide, Windward's platform offers tangible value to its users. FTV VIII, with its proven track record in scaling global software businesses, sees an opportunity to accelerate Windward's growth and expansion.

The acquisition values Windward at a 47% premium to its closing price on the latest practicable date, reflecting FTV VIII's confidence in Windward's future prospects. Fund believes that Windward is a highly attractive business with a strong management team and strategy, and that the acquisition represents an attractive opportunity to increase exposure to the growing maritime compliance and supply chain end market.

Under private ownership, Windward is expected to accelerate its expansion into a broader supply chain analytics provider. FTV VIII plans to support Windward's future product roadmap, potentially reducing short-term profitability but building strong operational foundations for long-term growth. With access to FTV VIII's Global Partner Network® and M&A expertise, Windward will be well-positioned to execute strategic acquisitions and create long-term value.

The acquisition also represents an opportunity for enhanced data and AI-led insight across the ecosystem. FTV VIII's investment in Windward will facilitate its continued expansion into new geographic markets and customer segments. With a strong track record in risk, compliance, trading, and supply chain use cases, Windward's platform is well-positioned to scale globally and drive sustainable long-term value.

In conclusion, FTV VIII's acquisition of Windward Ltd. is a strategic move that aligns with both parties' long-term interests. Windward's strong management team and innovative platform, coupled with FTV VIII's expertise in scaling global software businesses, create a powerful combination for future growth and success. As the maritime compliance and supply chain end market continues to grow, this acquisition positions Windward and FTV VIII for significant long-term value creation.