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Projective Group acquires Dutch consulting firm Mastermind

GIMV

04/10/2021 – 20:00 | Portfolio

4 October 2021 – Projective Group, the international consulting firm, has today announced its acquisition of the Dutch management consultancy Mastermind. With this acquisition, Projective Group increases its annual revenue to approximately € 60 Million and has over 450 experts across 6 European countries.

The partnership, which sees the Dutch firm become a full subsidiary of the larger group, is the latest in a series of acquisitions by Projective Group as part of its plans for expansion across Europe. Prior to Mastermind, Projective Group acquired DTSQUARED, a London-based data consultancy, in early August of 2021.

Mastermind’s team of 30 consultants will help position Projective Group in the specialised Dutch pensions market. They bring complimentary experience and an excellent track record in organisational acceleration, strategy, advice, and digital transformation in pensions, insurance and banking in The Netherlands.

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Market Pay strengthens its contactless payment expertise with the acquisition of Dejamobile

Anacap

Market Pay, the European and omni-channel payment platform, today announces the acquisition of Dejamobile, a French fintech leader in mobile and connected equipment payment solutions.

Dejamobile becomes a subsidiary of Market Pay

Dejamobile develops digital transaction software solutions targeting the payment, transport and retail industries. Its white-labelled solutions are marketed globally to merchants, banks, fintechs and merchant service providers. Certified according to market standards, Dejamobile solutions enable them to offer innovative and certified digital payment solutions based on the latest technologies (NFC, HCE, Token, QR Code).

Market Pay and Dejamobile have already successfully partnered pre acquisition by developing PayWishâ, an innovative service for mobile purchasing experiences through a contactless payment application on Android smartphones and tablets.

This investment allows Market Pay to onboard integrate a leading, mobile transaction technology offering with substantial adoption potential, to further strengthen Market Pay’s international footprint in the payments industry.

Dejamobile’s market leading expertise in both digital and contactless payments complements the full range of in-store and e-commerce payment services already offered by Market Pay. The Dejamobile team, made up of developers and engineers, will support and strengthen Market Pay’s R&D teams.

This deal is the second acquisition for Market Pay this month, following the acquisition of the Acoustic Payment platform. These developments represent part of an ambitious growth plan for Market Pay following AnaCap’s acquisition of a majority stake in April 2021.

Houssem Assadi, CEO and co-founder of Dejamobile, commented:

“Dejamobile’s founders and employees are excited to join Market Pay to build a leading fintech on an international scale. The range of innovative solutions developed by Dejamobile since 2012, as well as its ecosystem of customers and partners, provides Market Pay with new assets in its ambitious development project. The synergy created by the integration of Dejamobile within Market Pay will accelerate Market Pay’s rate of development and will benefit all our customers and partners.”

Frédéric Mazurier, CEO of Market Pay, commented:

“Dejamobile is a strategic acquisition for Market Pay. It strengthens our technological expertise as well as our strategic positioning in our various markets while also accelerating the ability to expand Market Pay’s international footprint. The Dejamobile team, which has already developed innovative solutions partnering with us, will become core to Market Pay’s R&D processes on all mobile payment related activities. Following the Acoustic Payment investment, this additional acquisition further demonstrates our desire to rapidly grow the business and internationalise.”

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Largest SAP-partner strengthens position in mid market with INSynQ

Mentha Capital

The recent merger of Xperi, Serac and Asecom is further expanded with INSynQ. Together the four companies form the largest SAP partner for the mid market in the Benelux. With the addition of INSynQ, the group has a leading position in each of the software vendor’s three pillars: SAP S/4HANA, SAP Business ByDesign and SAP Business One. Investor Mentha Capital helps the successful SAP partners realize accelerated growth in Western Europe and enter new markets.

The joining of forces of the four companies is in line with developments in the market and the SAP landscape. The digitization of SMEs requires pragmatic partners that can offer a broad range of solutions and services. The new combination responds to this like no other. In recent years all companies have been awarded multiple times by SAP for their expertise, performance and growth. The new umbrella company name will be announced later this year.

Peter Ouëndag, managing director of INSynQ: “We’re very pleased to join this strong group of companies. There are major similarities in the culture, the people-oriented nature of the company and the strategy. I’m convinced that as a joint organization we can offer a successful future to our employees and serve existing and future customers even better with a strong portfolio.”

More than 200 SAP specialists
The merger of Xperi, Serac, Asecom and INSynQ increases capabilities in the SAP ecosystem and ensures that customers can continue to be supported throughout their whole lifecycle, regardless of the company size or preference for a cloud, managed or hybrid solution. With the inclusion of INSynC the company can respond even better to the growth in the SAP S/4 HANA and SAP Business byDesign domains. The new merged company consists of more than 200 SAP specialists with expertise in various ERP solutions and related applications.

Peter Geelen, managing director of Xperi: “INSynQ is a company we’ve been working with successfully for some time. The open and people-oriented culture fits very well with our working method. The specialist knowledge of the more than 50 consultants of INSynQ in the various areas of SAP S/4 and SAP ByDesign is a great addition and enables us to optimally serve our customers in the middle segment. With this we have realized three mature pillars for the three ERP lines of SAP, so we’re always able to offer our customers the best solution for the best price.”

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Bain Capital Credit invests in Alsea Europe

BainCapital

London, UK, October 1, 2021 – Bain Capital Credit is jointly investing in a 21.1% minority stake in Food Service Project, S.A. (Alsea Europe) alongside Alsea, S.A.B. de C.V.  , the leading operator of quick service restaurants, coffee shops, casual and family dining establishments in Latin America and Europe and Alia Capital Partners. The transaction underlines Alsea’s ongoing recovery and attractive growth outlook in the European market. Following the investment, Alsea will own 76.8% of Alsea Europe, (previously 66.2%), Bain Capital Credit will hold an indirect interest in 10.5%, and existing minority shareholders 12.7%.

Alsea Europe operates 10 brands with 1,388 restaurants in 6 markets: Starbucks (France, Netherlands, Belgium, Luxembourg, Spain and Portugal), Domino’s Pizza, Foster’s Hollywood, Foster’s Hollywood Street, VIPS, VIPS Smart, Fridays, Burger King, OleMole (Spain) and Ginos (Spain and Portugal).

Bain Capital Credit invests in Alsea Europe

The investment in the 21.1% minority stake amounts to 110.8 million euros, with Alsea and Bain Capital Credit paying 55.4 million euros each for their respective shares.

Alberto Torrado, Executive President commented: “We are delighted to have Bain Capital Credit as our new partner in Europe and expect to work closely with them as we execute our strategic plan going forward. We will benefit from their extensive experience investing in European restaurant service and related consumer industries. Post pandemic, we have identified many opportunities to grow our business and improve profitability and are delighted that Bain Capital Credit shares our positive vision for the sector, our management and business model.”

Sandro Patti, a Director at Bain Capital Credit stated: “Alsea Europe is ideally positioned to benefit from the expected recovery and consolidation in the European restaurant service industry. It has the clients, brands, technological and digital know-how, scale, and deep management experience with a great track record. We are excited by the opportunities ahead.”

Fernando Martinez, Alias’s Managing Partner commented: “We are delighted and honored to partner with Bain Capital Credit in their investment. We have been in the industry for a long time, and we think there will be opportunities to grow the business”.

Nomura acted as financial advisor to Alsea. Garrigues and Loyens acted as legal counsels to Alsea. Bain Capital Credit were advised by Arcano Partners as financial advisor, Latham & Watkins as lead legal counsel, together with Arendt & Medernach and Creel, García-Cuéllar, Aiza y Enríquez, S.C., and PwC as structuring advisor.

About Alsea
Alsea is the leading restaurant operator in Latin America and Europe of global brands in the quick service, coffee shop, fast casual, casual and family dining segments. It has a diversified portfolio, with brands such as Domino’s Pizza, Starbucks, Burger King, Chili’s, P.F. Chang’s, Italianni’s, The Cheesecake Factory, Vips, Vips Smart, El Portón, Archies, Foster’s Hollywood, Gino’s, TGI Fridays, Ole Mole and Corazón de Barro. The company operates more than 4,000 units in Mexico, Spain, Argentina, Chile, Colombia, France, Portugal, Netherlands, Belgium, Luxembourg and Uruguay. Alsea’s business model includes support for its brands through a Shared Services Center that provides all the Administrative and Development Processes, as well as the Supply Chain.
For more information, visit: www.alsea.com.mx

About Bain Capital Credit 
Bain Capital Credit is a leading global credit specialist with approximately $48 billion in assets under management. Bain Capital Credit invests across the full spectrum of strategies, including leveraged loans, high-yield bonds, distressed debt and special situations, private lending, structured products, non-performing loans, and majority and minority equity stakes. Founded in 1998 as a private, employee-owned firm, Bain Capital Credit’s experienced team of over 150 investment professionals seeks to identify attractive equity and credit investment opportunities across North America, Europe, and Asia–Pacific. In addition to credit, Bain Capital invests across asset classes including private equity, public equity, real estate and venture capital, and leverages the firm’s shared platform to capture opportunities in strategic areas of focus. To learn more, visit www.baincapital.com.

About Alia Capital 
Alia Capital Partners is a private equity firm, active also in structured finance and financial advisory of low-mid market firms. It was founded in 2007 and has a multi-industry focus. It is based in Madrid, Spain, with offices in Mexico and San Diego. It seeks to invest in firms operating in the health, education, consumer and industrial services sectors. It has been in the restaurant business since 2001.

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Simpli.fi, a Leading Programmatic Advertising Platform, Announces Completion of Significant Investment from Blackstone at $1.5 Billion Valuation

Blackstone

Fort Worth, TX, New York, NY, and Chicago, IL, October 1, 2021 – Simpli.fi, a leader in programmatic advertising and agency management software, announced today that private equity funds managed by Blackstone (NYSE:BX) (“Blackstone”) have completed the previously announced significant equity investment in the company. Blackstone joins existing investor GTCR, a leading private equity firm, as majority shareholders in the company. The investment, made through Blackstone’s flagship private equity vehicle, values the company at approximately $1.5 billion.

Simpli.fi’s full suite of mission critical workflow and ad buying software enables agencies and media groups to manage their core operations more efficiently, and to execute high ROI omni-channel ad campaigns. Each month, the company’s innovative programmatic advertising platform powers over 120,000 CTV, mobile, and other digital campaigns for 30,000 active advertisers.

“We are thrilled to embark upon this next chapter for Simpli.fi as we welcome Blackstone as a new partner,” said Frost Prioleau, Co-Founder and CEO of Simpli.fi. “Working alongside Blackstone and GTCR, we look forward to driving further product innovation and expansion of our platform, both organically and through our targeted acquisition strategy, in order to better serve the needs of advertising agencies and media buying organizations.”

“As local media spend increasingly moves from linear to digital channels, we are excited to partner with management and GTCR to build upon Simpli.fi’s market leadership in this space,” said Sachin Bavishi, a Managing Director at Blackstone.  “We look forward to investing behind Simpli.fi’s rapid growth trajectory as it continues to innovate and serve customers through superior technology and customer service.”

Craig Bondy, a Managing Director at GTCR, and Stephen Master, a Principal at GTCR, added: “Blackstone shares our vision and strong belief in Simpli.fi’s growth potential and, importantly, brings complementary expertise and valuable resources to bear. We look forward to working together to support the company’s continued expansion.”

Evercore, LUMA Partners, and Canaccord Genuity served as financial advisors, and Kirkland & Ellis LLP served as legal advisor to Simpli.fi and GTCR. Simpson Thacher & Bartlett LLP served as legal advisor to Blackstone.

About Simpli.fi
Simpli.fi is a leading provider of workflow software and programmatic advertising solutions, serving over 1,400 agencies, advertisers, and media buying organizations. Our solutions enable our customers to perform more effectively and efficiently, and to maximize ROI on their advertising spend across CTV, mobile, display, and other media types. Our platform delivers performance on budgets of all sizes, executing over 120,000 campaigns for 30,000 advertisers in a typical month. For more information please visit our website at www.simpli.fi

About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $684 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

About GTCR
Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Growth Business Services, Technology, Media & Telecommunications, Healthcare and Financial Services & Technology industries. The Chicago-based firm pioneered The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Since its inception, GTCR has invested more than $20 billion in over 250 companies. For more information, please visit www.gtcr.com.

Contact

Katie McGovern
SHIFT Communications
simpli.fi@shiftcomm.com
609.206.1082

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Annabel Arthur joins KKR as Head of EMEA Corporate Communications

KKR

October 1, 2021

Annabel will lead KKR’s strategic communications activities in EMEA across KKR’s investment platforms, managing all external communications, brand-building and content development as well as KKR’s EMEA agency network. She will also provide communications support and advice on external engagement to KKR’s portfolio companies.

 

Annabel was previously Head of Asia-Pacific Corporate Communications at The Carlyle Group, leading the firm’s communications strategy across the region. Annabel built and drove a renewed approach to communications for Carlyle in Asia-Pacific, working in partnership with the firm’s global and local leadership on a proactive programme that supported the firm’s business objectives and activities. Prior to joining Carlyle, she spent ten years working at different European and global communications agencies in London and Hong Kong. She holds an MA from The University of Edinburgh.

 

Ludo Bammens, Managing Director and Head of EMEA Corporate Affairs, and Kristi Huller, Managing Director and Global Head of Corporate Marketing and Communications at KKR, said: “We welcome Annabel to KKR at an exciting time for our EMEA platform which is seeing significant growth across our core investment platforms in this region; Private Equity, Real Estate, Infrastructure and Credit. Effective communication with stakeholders is a critical part of doing business today. Annabel’s expertise and international experience will be invaluable in driving external engagement and supporting our portfolio companies as we continue to scale in EMEA.”

 

Annabel Arthur, Head of EMEA Corporate Communications at KKR, said: “I’m delighted to join KKR and excited by the opportunity of working with one of the world’s leading investors to communicate the strengths of the KKR platform and the benefits it can provide for companies and clients.”

 

Annabel can be reached at annabel.arthur@kkr.com.

 

–ends–

About KKR

KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

 

Media Contacts

Alastair Elwen / Sophia Johnston

Finsbury Glover Hering

Telephone: +44 20 7251 3801

Email: kkr@fgh.com

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Latour acquires DEPAC Anstalt

Latour logo
2021-10-01 12:00

Investment AB Latour has, through its wholly-owned subsidiary DENSIQ AB, part of Latour Industries AB, acquired DEPAC Anstalt (DEPAC) based in Lichtenstein.

DEPAC is a leading designer and manufacturer of mechanical seals used in industrial applications. The company, founded in 1983, is headquartered in Lichtenstein with a subsidiary in Austria. Net sales 2020 amounted to EUR 8 m with strong operating margin and growth.

“The acquisition of DEPAC further strengthens our offering within advanced sealing technology. Inhouse manufacturing in combination with added geographies opens new and exciting possibilities to solve more of our customers complex and critical problems. We are very happy to welcome DEPAC into the DENSIQ family”, says Krister Seleskog, CEO of DENSIQ AB.

“We welcome the acquisition and the opportunity of accelerated growth made possible by becoming part of DENSIQ”, says Peter Scrivener, CEO and owner of DEPAC.

As an effect of the acquisition the net debt (excl. IFRS 16) of the Latour Group is expected to increase compared to the net debt level at the end of June 2021, to around SEK 6.8 billion, all else equal.

Göteborg, October 1, 2021

INVESTMENT AB LATOUR (PUBL)
Johan Hjertonsson, CEO

For further information, please contact:
Krister Seleskog, CEO DENSIQ AB, +46 720 10 21 40
Gustav Samuelsson, Investment Director Investment AB Latour, +46 735 52 55 59

Latour Industries consists of a number of operating areas, each with its own business concept and business model. The ambition is to develop independent entities within the business area which can eventually become new business areas within the Latour Group. Latour Industries has an annual turnover of SEK 3 billion.

Investment AB Latour is a mixed investment company consisting primarily of a wholly-owned industrial operations and an investment portfolio of listing holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of ten substantial holdings with a market value of about SEK 82 billion. The wholly-owned industrial operations has an annual turnover of SEK 16 billion.

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Matti Zemack joins Industrifonden as Investment Director

Industriefonden
October 1, 2021

We are delighted to welcome Matti Zemack as our newest Investment Director. Matti will focus on investments in Deep Tech and transformative innovation.

Matti joins Industrifonden from Bonnier Ventures, where he held the role as investing Chief Technology Officer. In combination with that, Matti also worked as CTO for Bonnier Group with multiple board commitments. Matti has broad tech engineering and product knowledge and has worked with many transformative products from start to scale up phases. His areas of interest include machine learning algorithms, quantum computing, tech within education and the future of e-sports/gaming. Matti holds a Master of Science from Royal Institute of Technology in Stockholm.

“I’m looking forward to meeting, and investing in, the companies which are a perfect fit for Industrifonden. My take is that these companies are Deep Tech, i.e. they have a true invention which is based on groundbreaking science”, says Matti Zemack.

Industrifonden is one of few venture capital funds in the Nordics with an outspoken Deep Tech focus. The most recent investments include ZeroPoint Technology, Logical Clocks, NuovoAir, Exeri, EngineZyme and Freemelt. Matti Zemack’s recruitment forms part of Industrifonden’s increased focus on Deep Tech verticals like advanced materials, industry 4.0, energy, advanced computing & AI and synthetic biology. Industrifonden believe that “the science of today is the technology of tomorrow” and the funds that embrace science to guide them to what future technology will bring are also more likely to find sustainable competitive advantages, advantages built on true uniqueness.

“Matti is a truly unique individual. His in depth knowledge and experience span a wide range of technologies industries. With his curiosity and open mindset, he will be a great contributor to the culture and capabilities of the Industrifonden team”, says David Sonnek.

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EQT appoints Heads of Private Equity and Infrastructure in Japan

eqt

EQT is pleased to announce two new senior hires, Tetsuro Onitsuka who joins as Head of EQT Private Equity Japan, and Masahiko Kato who joins as Head of EQT Infrastructure Japan. Tetsuro and Masahiko will continue to build the Tokyo-based team with both local and relocated EQT employees while exploring thematic investment opportunities in Japan. In addition, Tetsuro and Masahiko will lead the process of strengthening EQT’s bench of experienced Japanese advisors to the EQT Network.

Tetsuro and Masahiko bring extensive investment experience and local know-how from the Japanese private equity market, with Tetsuro most recently working as a Managing Director at Japan Post Investment, and prior to that Principal and Head of Japan at TPG. Masahiko most recently held a position as Deputy General Manager in Mitsubishi Corp’s private equity and infrastructure division.

The appointment of two senior hires in Japan is in line with EQT’s long-term strategy of expanding its presence within the Asia-Pacific region. Tetsuro and Masahiko will lead and grow the team in close collaboration with the entire EQT platform, including the inhouse digitalization and sustainability specialist teams, as well as EQT’s global network of industry advisors.

Thomas von Koch, Partner and Chairperson of EQT Asia Pacific, said, “We are thrilled to welcome Tetsuro and Masahiko to lead EQT’s operations in Japan. The country offers a wide range of compelling opportunities in EQT’s core sectors and we are confident that our industrial heritage, thematic investment strategy and expert capabilities within technology and ESG will create value for Japanese companies. We look forward to executing on these opportunities while continuing to grow EQT’s local team in Tokyo.”

Tetsuro Onitsuka, Head of EQT Private Equity Japan, said, “I am honored by the confidence EQT has placed with me and I am excited to contribute to the firm’s expansion in Japan. EQT has a successful track record of future-proofing companies and supporting them through their digital transformation, internationalization and sustainable growth journeys. We hope to leverage this experience into a Japanese context.”

Masahiko Kato, Head of EQT Infrastructure Japan, said, “I am humbled and excited to be leading EQT’s Infrastructure business in Japan. EQT’s growth-focused ownership philosophy, global industrial expertise and strong focus on ESG, makes EQT a truly unique firm which should strongly resonate in the Japanese market. I believe EQT’s partnership approach to investments and its growth mindset will unlock new and exciting opportunities”.

Contact
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

About EQT
EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of almost three decades of delivering consistent and attractive returns across multiple geographies, sectors and strategies. Uniquely, EQT is the only large private markets firm in the world with investment strategies covering all phases of a business’ development, from start-up to maturity. EQT today has approximately EUR 71 billion in assets under management across 27 active funds within two business segments – Private Capital and Real Assets.

With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in 24 countries across Europe, Asia-Pacific and the Americas and has more than 1,000 employees.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, Twitter, YouTube and Instagram

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Mable secures $100 million General Atlantic partnership to elevate platform offering

 

September 12, 2021

Profit-for-purpose health technology company, Mable, has secured a $100 million equity investment from global growth investor, General Atlantic to accelerate the growth of Mable’s safeguarded online platform and drive a highly tailored customer experience underpinned by consumer choice and control.

Mr. Peter Scutt, Co-founder and CEO of Mable, commented “Aged care at home and disability support services are fundamentally about human relationships. No one individual has the same needs or preferences. Our strong growth since inception demonstrates we are responding to people’s desire for choice and control over their care and support.”

Mr. Scutt said Mable operates in sectors facing significant challenges including workforce shortages, increasing demand for services and funding, and higher expectations regarding quality and safeguards as well as increasingly diverse needs from clients.

“The answer to these challenges is not the cookie-cutter approach often taken by large traditional providers. A rotating roster of support workers disrupts the continuity of care and reduces the chance of genuine connections forming between the support provider and the client,” Mr. Scutt continued.

“New thinking is needed to solve the challenges facing the aged care and disability support sectors. Our platform enables enhanced safeguards which support choice and control, while opening up the sector for small business providers who are thriving.

“Facilitating the entry of small business providers, including sole traders, is a win-win for people seeking flexible, high quality and affordable support – as well as an opportunity for small businesses to engage in one of the fastest growing sectors of the Australian economy.”

Mr. Sandeep Naik, Managing Director and Head of India and Southeast Asia, General Atlantic, commented, “We believe Mable is transforming aged care and disability support and will make a difference to communities across Australia. Mable sits at a critical intersection of a number of exciting digital trends across healthcare and technology, which are empowering consumers to take more control over their care.”

“Mable’s model is powerful, creating an ecosystem with strong safeguards that can enhance the quality of care, while also leveraging technology to bring down the overall costs of care in the system, allowing Mable consumers to better pursue their goal of independent living. Mable’s growth over the past few years is testament to its value proposition and seasoned management team.”

“General Atlantic brings deep strategic and operational value to Mable due to their understanding of our business, philanthropic roots and a shared vision of building a more inclusive society through leveraging technology,” Mr. Scutt said.

“Its investment is a significant vote of confidence in our transformative model, the improved outcomes we are enabling and the team we have assembled at Mable.”

General Atlantic will acquire a minority stake in Mable. The deal has Foreign Investment Review Board approval and follows a $15 million round led by Ellerston JAADE Fund in 2019.

About Mable

Mable offers an alternative to the traditional aged care and disability services model, giving older Australians and people with disabilities more choice, control and flexibility to shape the care and support they receive in their own home and community. It’s also facilitating small businesses, including sole traders, entering the care and support sector, areas where there is significant growth in demand from an ageing population and existing workforce shortages. The model has facilitated more than seven million hours of support to date and has around 11,000 approved and active small businesses offering services. For more information or to sign-up to the platform, visit: www.mable.com.au.

About General Atlantic

General Atlantic is a leading global growth equity firm with more than four decades of experience providing capital and strategic support for over 400 growth companies throughout its history. Established in 1980 to partner with visionary entrepreneurs and deliver lasting impact, the firm combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to scale innovative businesses around the world. General Atlantic currently has over $65 billion in assets under management as of March 31, 2021 and more than 175 investment professionals based in New York, Amsterdam, Beijing, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, Shanghai, Singapore and Stamford. For more information on General Atlantic, please visit the website: www.generalatlantic.com.

Media Contacts

Mary Armstrong & Emily Japlon
General Atlantic media@generalatlantic.com

Lachlan McKenzie
Mable 0419 255 761 media@mable.com.au

 

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