BizBroker24, one of the world’s largest e-business M&A firms, announced today that it has arranged for the sale of a global WordPress marketplace services business on the west coast. Moghadam Capital of Abu Dhabi has acquired the company for an undisclosed sum. The company offers the possibility to purchase and sell scripts and components for a variety of languages and frameworks, currently including JavaScript, PHP, ASP.NET, and Java. The company has a unique database of over 4 million profiles collated over 12 years. They provide a range of different WordPress themes with over 9 million downloads. In addition, they provide free themes on the official directory, including the hugely popular responsive theme which has over 3 million downloads to date.
“Even in a challenging economic and regulatory backdrop, financial institutions continue to increase their investment in risk services and technology to meet the ever-growing demands of the global regulatory landscape,” said Steven Endrizzi, MBA CEO at BizBroker24. “This transaction shows the market will reward success regardless of the business environment.”
The transaction will be financed by a mix of cash, new debt financing and stock. Moghadam Capital is a leading private equity firm founded in 2005 and based in Abu Dhabi, United Arab Emirates, that focuses on providing its clients with access to best in class investment opportunities in the United Arab Emirates and delivering industry leading investor returns.
BizBroker24 provided the confidential business-for-sale marketing services, buyer qualification as well as the term sheet and definitive purchase agreement negotiation services.BizBroker24 has helped hundreds of business owners successfully exit their companies. Founded in 2010, BizBroker24 has accelerated to become one of the largest E-Business Merger & Acquisition companies in the world, listing over $50 million in businesses for sale.