Cassiopea Partners, in association with its partner Strata Partners, acted as financial advisor to Aptos, LLC (“Aptos”) on the sale of its planning and product lifecycle management division (“Aptos’ Planning Division”) to US Software company Aptean Inc. (“Aptean”).
Through the transaction, Aptean acquired the full breadth of operations and the product portfolio of Aptos’ Planning Division, which included solutions for merchandise financial planning (MFP), product lifecycle management (PLM), assortment planning (AP), and allocation, forecasting and replenishment (AFR).
Hundreds of established customers, including well-known fashion companies across the globe, rely on these solutions to anticipate demand, optimise production and make more informed decisions. The addition of these products complements Aptean’s enterprise resource planning (ERP) and shop floor control (SFC) offerings for the apparel industry with tools that support the entire apparel merchandise lifecycle from concept to shelf, providing visibility and real-time insights into financial planning, design, purchasing, distribution and delivery.
Pete Sinisgalli, Aptos’ CEO, said: “The sale of these solutions to Aptean aligns with our previously announced areas of strategic focus. Aptean shares our passion for innovation and our commitment to strong customer service. With the addition of Aptos’ planning and PLM solutions to Aptean’s current software offerings, retail and apparel producers have access to a greater range of proven and functionally-rich solutions tailored for their industries.”
Stefano Trentino, Founding Partner of Cassiopea Partners, commented: “The sale of Aptos’ Planning Division represents a landmark transaction for Cassiopea Partners, having successfully managed an international sell-side mandate, involving a complex multi-jurisdictional business carve-out and further highlighting our global reach and expertise in the software space.”