Pioneering blockchain business with a client base stretching from luxury goods to global car brands

On behalf of Joint Liquidators from Alvarez & Marsal Europe LLP, Metis Partners is pleased to present a unique opportunity to acquire the intellectual property (“IP”) portfolio owned by Foreverhold Limited (in Liquidation) (the “Company”).

The Company operated a blockchain and smart contracts technology platform (trading as Everledger) that enabled simple compliance and sustainability profiling for each supply chain participant, with applications across a wide number of high-value sectors including fine art, critical minerals and luxury goods.

Business Background

Founded in 2015: Everledger has been an industry pioneer in utilising blockchain technology for the purposes of ensuring supply chain transparency, establishing provenance and reducing carbon emissions.

Purpose: The Company’s platform can:

  • evidence claims in relation to the chain of custody of goods, citing their origin and provenance, ensuring companies can fulfil compliance and regulatory requirements;
  • utilise smart label technology to authenticate goods; and
  • provide sustainability solutions, including Scope 3 carbon reporting and ESG profiling for supply chain participants.

High-profile Stakeholders: Everledger’s platform has been underpinned by more than $50m investment from notable investors including TenCent. Everledger collaborated with a range of notable partners including a pilot project with Ford to improve electric vehicle battery recycling, in addition to authenticity projects completed for Diageo and Alexander McQueen.

Opportunity Highlights

  • Acquire the intellectual property rights to the technology platform that utilises blockchain to deliver increased transparency across global supply chains.
  • Capitalise upon significant traction achieved by the platform to date, which at its peak, held > $3m worth of assets and generated > 6m visits per month.
  • Acquire the rights to the platform which has proven application across a multitude of high-value industries including critical minerals, luxury goods, batteries and insurance.
  • To utilise the platform to address the demonstrable need for a technology-backed solution to provenance and authentication of goods, with almost $4 trillion lost in global supply chain fraud annually. [1]

The technology platform has been underpinned by more than $50m investment from notable investors including TenCent. The Company collaborated with a range of notable partners including a pilot project with Ford to improve electric vehicle battery recycling, in addition to authenticity projects completed for Diageo and Alexander McQueen.

 

If you are interested and would like to have a brief conversation or have any questions regarding this IP portfolio for sale, please contact Struan McArthur at Struan@metispartners.com, or call +44 (0) 141 353 3011 or US +1 858 848 6911.

[1] university of Portsmouth - Financial Cost of Fraud

To enquire, please contact: Struan McArthur at struan@metispartners.com. Any offer conditions should also be included in the email.