Business
Netcapital Inc. Acquires Assets and Business of ValuCorp, Inc.
BOSTON--(BUSINESS WIRE)-- Netcapital Inc. (OTCQX: NCPL), a digital private markets ecosystem, announced today that it has acquired the assets and business of
About this update from Netcapital Inc.
[{"type":"text","content":" BOSTON--(BUSINESS WIRE)--\nNetcapital Inc. (OTCQX: NCPL), a digital private markets ecosystem, announced today that it has acquired the assets and business of ValuCorp, Inc., a business valuation firm with expertise in a wide array of strategic advisory services, including M&A advisory, capital raising, and restructuring. The terms of this transaction were not disclosed.\n\nValuCorp, founded in 1999, plans to leverage its expertise, technology, methodologies, and data to support Netcapital’s private company clients with validation strategies to provide guidance as to their pricing and valuation.\n\n“We’re excited to bring to our early-stage client companies the critical and highly valued resources that this acquisition provides, complementing the range of services we offer, from strategic advisory to raising capital,” said Dr. Cecilia Lenk, CEO of Netcapital Inc.\n\nMichael Gilburd, Founder and President of ValuCorp stated, “We expect to add significant value to the many early-stage companies raising capital via the Netcapital digital platform, while extending the dynamic reach of Netcapital’s private equity ecosystem to our clients worldwide.”\n\nPrior to founding ValuCorp, Gilburd was Managing Director of Corporate Finance for two American Express companies, and served as National Director of Corporate Finance at BDO USA. ValuCorp has provided valuation services and value-building consulting to companies in more than 30 industries in the United States and abroad.\n\n“Helping business owners and managers capitalize on their enterprise values to plan growth and capital market strategies has been a critical element to the success of our clients,” added Gilburd.\n\nGilburd shall remain as CEO and President of ValuCorp and will operate the business as a wholly owned subsidiary of Netcapital Inc.\n\nAbout Netcapital Inc.:\n\nNetcapital Inc. is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The company's consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies with disruptive technologies. The Netcapital funding portal is registered with the U.S. Securities & Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Au...