Chesapeake Corporate Advisors Serves as Exclusive Financial Advisor
Baltimore, MD – APRIL 19, 2022 – Chesapeake Corporate Advisors (“CCA”) is pleased to announce it has served as the exclusive financial advisor to The Berndt Group, Ltd. (“TBG”), an award-winning, national digital agency focused on meaningful digital transformations, in its sale to Valtech (“Valtech”), the preferred strategic business transformation partner for many of the world’s best-known brands.
Headquartered in Baltimore, Maryland, TBG is a recognized leader in creating enhanced digital experiences for organizations in the healthcare, financial services, and direct-to-consumer markets. TBG’s team of 80+ professionals brings extensive digital development and delivery expertise to Valtech, complementing the organization’s customer experience capabilities and enabling Valtech to gain a stronger foothold in the rapidly growing healthcare industry.
“CCA’s entire team played an instrumental role in this deal, by guiding me through the nuances of the process, directing strategic conversations with Valtech, and showing great attention to detail throughout the transaction. Their expertise and support led to an incredible outcome. I am thrilled to have joined Valtech and know that CCA helped us find the right partner for the TBG team,” said John Berndt, CEO, TBG. “Berndt will continue to lead the TBG team that specializes in designing and implementing digital solutions for prominent healthcare companies.
“TBG’s ability to create enhanced digital experiences in the healthcare market serves as a great complement to Valtech’s customer experience expertise across a wide range of verticals,” said Olivier Padiou, CEO, Valtech. “The addition of TBG strengthens our ability to bring significant transformation to an industry where it can make a major impact, integrating the patient’s physical and digital healthcare journey for a more personalized, patient-centric experience.”
The CCA investment banking team on this transaction included Managing Partner and CEO Charlie Maskell, Director Tim Brasel, and Vice President Katie Kieran, who together developed the deal strategy, conducted the negotiations, and provided strategic advising throughout the transaction. Gallagher Evelius & Jones LLP served as legal counsel to TBG.
“CCA has worked with John Berndt and TBG since 2014, helping the company build shareholder value in preparation for an eventual sale,” Maskell said. “TBG will prove a strong addition to Valtech’s international portfolio, bringing a client base that boasts some of the world’s leading healthcare institutions. The CCA investment banking team is pleased to have helped TBG find the right partner for its next chapter and achieve the best possible outcome in the sale process.”
About The Berndt Group
TBG (The Berndt Group) is an award-winning, national digital agency focused on meaningful digital transformations that combine leading user experience, implementation of platforms and automation, improved digital operations, and the adoption of best practices around personalization and user engagement. TBG is a leading Sitecore Gold partner, with 10+ years of experience developing major digital ecosystems on Sitecore. TBG’s well-known clients span a wide range of sectors, with a high concentration in healthcare, financial services, and direct-to-consumer markets. For more, visit www.berndtgroup.net.
About Valtech
Recognized by leading analyst firms, Valtech is the preferred strategic business transformation partner for many of the world’s best-known brands, including Alcon, Novo Nordisk and Philips as well as Audi, Dolby, L’Oréal, P&G, Toyota, Volkswagen, and many others. Valtech now employs more than 4,800 strategists, experience designers, marketers, data scientists, creatives, and software engineers spanning five continents with more than 50 offices in 19 countries. For more, visit www.valtech.com.
About Chesapeake Corporate Advisors
Chesapeake Corporate Advisors is a boutique investment banking and corporate advisory firm providing strategic advisory services (value creation) and investment banking services (value realization) to companies with revenues generally between $10 million and $200 million. For more, visit www.ccabalt.com or call 410.537.5988.
