• Felix to acquire 100% of Nexvia, a Brisbane-based SaaS platform for construction SMEs
• Acquisition accelerates Felix's vendor monetization strategy, unlocking significant opportunity
• Acquisition to be funded via a $16M fully underwritten placement and $1M share purchase plan

Felix Group Holdings Ltd (ASX: FLX) has entered into a binding agreement to acquire 100% of the issued capital in Nexvia, a Brisbane-based SaaS platform for construction-focused SMEs. The acquisition is expected to accelerate Felix's vendor monetization strategy, unlocking a significant opportunity across its ~110,000-strong Vendor Marketplace. The acquisition delivers FY25 pro-forma ARR of $11.9m, a 38% increase on Felix's standalone FY25 ARR. The purchase price of $12.0m will be funded through a $6.0m cash payment, $3.6m in Felix shares, and $2.4m in performance rights linked to FY26 subscription revenue growth targets. To fund the acquisition, Felix is launching a fully underwritten $16.0m two-tranche placement and a non-underwritten $1.0m share purchase plan. Global investment manager Briarwood Chase Management LLC and its private investment fund, Briarwood Capital Partners LP, have provided strong support for the placement and are expected to hold a ~16.1% pro forma shareholding. The integration plan is underway, with the commercial launch of the combined Felix-Nexvia solution targeted in FY26.

The acquisition of Nexvia is expected to deliver Felix a pro-forma FY25 ARR of $11.9m, an increase of 38% on Felix's standalone FY25 ARR of $8.6m.