Category Archives: News

Stout Announces New Investment Partnership With Integrum Seeking to Continue Accelerated Growth Trajectory

Audax Group

Chicago, IL – June 2, 2025 – Stout, a leading global advisory firm, announced today that it has entered into a new strategic partnership with Integrum Holdings LP (“Integrum”), a private investment firm focused on partnering with technology-enabled services companies in the financial and business services sectors. Funds advised by Integrum will invest alongside Stout’s employee shareholders to support the firm’s continued expansion objectives. As part of the transaction, Stout’s management team will remain in place, and existing employee shareholders will retain a meaningful equity stake. The transaction is expected to close in the third quarter of 2025 subject to customary closing conditions.

This new partnership follows a successful and highly collaborative relationship with Audax Private Equity (“Audax”), which first invested in Stout in November 2021 through its Flagship strategy. Over the course of the partnership, Audax provided strategic and financial support that enabled Stout to expand its platform, double headcount, complete ten acquisitions, and accelerate its growth across geographies and service lines.

“We are deeply grateful to Audax for their partnership and support over the past three and a half years,” said Craige Stout, Chief Executive Officer of Stout. “They have been instrumental in helping us further scale our business, and we are proud of what we accomplished together. As we look ahead, we are thrilled to welcome Integrum, whose team brings experience, insight, and common values that align perfectly with our ambitions for the future.”

Jeff Risius, Co-Head of Client Service at Stout, added, “This is a natural next step for Stout. Integrum’s long-term mindset, strategic expertise, and focus on people and culture make them the ideal partner for our next phase of growth.”

Tagar Olson, Founding Partner at Integrum, said, “Stout is a global firm with a reputation for excellence, a strong leadership team, and a clear growth trajectory. We are excited to support their continued expansion and to partner with a firm so deeply committed to client success and employee ownership.”

Bill Allen, Managing Director at Audax and Head of the firm’s Financial Services specialization, commented, “It has been a privilege to partner with the outstanding team at Stout. Over the past several years, we have watched the firm grow significantly in scale, capability, and market presence, all while staying true to its culture of ‘Relentless Excellence®’. We are confident that Stout is well-positioned for continued success. We wish Craige, Jeff, and the entire Stout team the very best as they begin this exciting next chapter with Integrum.”

William Blair & Company acted as financial advisor and Winston & Strawn LLP and Ropes and Gray LLP served as legal counsel to Stout.

Simpson Thacher & Bartlett LLP served as legal counsel to Integrum.

About

About Stout
Stout is a global advisory firm specializing in corporate finance, accounting and transaction advisory, valuation, and financial disputes, claims, and investigations. Stout serves a range of clients, from public corporations to privately held companies in numerous industries. Our clients and their advisors rely on our premier expertise, deep industry knowledge, and unparalleled responsiveness on complex matters. Stout is a trade name for Stout Risius Ross, LLC, Stout Advisors SA, Stout Bluepeak Asia Ltd., Stout GmbH, MB e Associati S.r.l., Stout Park Ltd, and Stout Capital, LLC, a FINRA-registered broker-dealer and SIPC member firm. Learn more at www.stout.com

About Audax Private Equity
Headquartered in Boston, with offices in San Francisco, New York, London and Hong Kong, Audax Private Equity manages three strategies: its Flagship and Origins private equity strategies, seeking control buyouts in the core middle and lower middle markets, respectively, and its Strategic Capital strategy that provides customized equity solutions to PE-backed portfolio companies to help drive continued growth. With approximately $19 billion of assets under management as of March 2025, over 290 employees, and 100-plus investment professionals, Audax has invested in 175 platforms and 1,350 add-on acquisitions since its founding in 1999. Through our disciplined Buy & Build approach, across six core industry verticals, Audax seeks to help portfolio companies execute organic and inorganic growth initiatives with the aim of fueling revenue expansion, optimizing operations, and significantly increasing equity value. For more information, visit www.audaxprivateequity.com or follow us on LinkedIn.

About Integrum
Integrum is an investment firm focused on partnering with technology-enabled services companies in the financial and business services sectors. The firm was founded by a team of proven leaders with a vision to build a different type of investing platform benefiting from their diverse and complementary backgrounds and vast relationship network. Integrum’s approach is to build a concentrated portfolio of high-conviction investments. Integrum aims to accelerate growth through investments in technology and other forms of innovation and by partnering with management teams to enhance access to talent, relationships, and capabilities.
Learn more at www.integrum.us

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Rezonate Music Rights enters $150 million strategic partnership with Bridgepoint to accelerate growth of premium music producer royalties platform

Bridgepoint
Rezonate Music Rights (“Rezonate”), a leading platform focused on acquiring the royalty rights of top music producers globally, has entered into a strategic partnership with Bridgepoint Credit, one of Europe’s most experienced credit managers.

The partnership will invest to up to $150 million of capital to support a pipeline of high-profile producer catalogue acquisitions, with Bridgepoint acquiring a minority stake in Rezonate’s management company as part of the transaction.

This collaboration marks a significant milestone for Rezonate, unlocking new growth avenues as it accelerates its mission to transform the music royalties sector and empower producers worldwide.

Empowering Music Producers

Rezonate was co-founded by Cam Blackwood, a multi-diamond and platinum-selling songwriter and record producer with over 7 billion streams in his catalogue, and Tom Tyler, who has over 20 years in senior financial roles at HSBC and the London Stock Exchange Group.

The team brings together deep sector experience in music production, valuation, and investment management. Rezonate offers a full suite of services designed to support music creators and investors alike, ensuring producer rights are properly valued, acquired, and developed.

Rezonate has already acquired the rights to the catalogues from leading producers who have produced music for global record-breaking artists such as U2, David Guetta, The Weekend, Dua Lipa, George Ezra, Lewis Capaldi, Snow Patrol, Ed Sheeran, Taylor Swift, Rag’n’Bone Man and Bastille.

Strategic Vision and Industry Leadership

As an innovator in the music royalties space, Rezonate believes in empowering producers not just financially, but through knowledge and mentorship, offering education, industry insights, and networking opportunities to help producers navigate the evolving music business.

The strategic partnership with Bridgepoint is a testament to Rezonate’s leadership and vision, enabling the company to further its mission of supporting music producers by providing transparent pathways to realise the value of their music and create new solutions to support their future ambitions while respecting the long-term value of their work.

Tom Tyler and Cam Blackwood, Co-founders of Rezonate, commented: “This partnership with Bridgepoint is a strong endorsement of Rezonate’s vision and the value we bring to music producers. With Bridgepoint’s support, we gain substantial firepower that will enable us to significantly accelerate our growth plans and continue to set new standards in the industry, ensuring that producers are at the heart of every decision we make. We are excited to bring a fresh and artist-aligned approach to the royalties space, starting with an incredible day-one catalogue that includes some of the most iconic tracks of the past decade.”

Rohit Dhote, Partner and Co-Head of Credit Opportunities at Bridgepoint, commented: “Rezonate offers a rare combination of high-quality income streams, downside-protected entry points and scalable platform dynamics in one of the most exciting corners of the entertainment economy. We’re backing a world-class team with unique access to producers and a clear strategy to create significant value over time. This is a compelling opportunity to build a differentiated royalty platform from the ground up.”

Advisors

Bridgepoint was advised by Latham & Watkins as Legal Advisor and EY as Tax Advisor. Rezonate was advised by Artisan as Financial Advisor and Lewis Silkin as Legal Advisor.

Bridgepoint Group is one of the world’s leading quoted private asset growth investors, specialising in private equity, infrastructure and private credit.

With over $86 billion of assets under management and a strong local presence in Europe, North America and Asia, we combine global scale with local market insight and sector expertise, consistently delivering strong returns through cycles.

Bridgepoint Advisers Limited, a subsidiary of Bridgepoint Group plc, is authorised and regulated by the Financial Conduct Authority.

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Carlyle partners with Rabo Investments to Invest in SurePay

Rabo Investments

Carlyle Europe Technology Partners (“CETP”), in partnership with Rabo Investments, announced a strategic growth investment in SurePay, a European leader in payment verification software. Following an earlier successful growth trajectory together with Connected Capital and Iris Capital, CETP and Rabo Investments now join forces to further expand SurePay’s suite of payment verification and fraud prevention solutions and geographical expansion.  

 Founded within Rabobank in 2016 and headquartered in the Netherlands, SurePay is a leading provider of payment verification technology solutions to financial institutions and corporates across Europe and the UK. The company reduces fraudulent and misdirected payments through its trusted real-time IBAN-name check, Confirmation-of-Payee (CoP), Verification-of-Payee (VoP), and Fraud Risk Indicator (FRI) products, supporting 200+ banks and 750+ corporate customers.  

 David-Jan Janse, CEO and co-founder of SurePay: 

“We are thrilled to welcome Carlyle as a strategic partner for the next stage of our journey. With Carlyle’s deep experience in financial infrastructure and enterprise software, they are the ideal partner to join Rabo Investments in supporting our ambition to strengthen our leadership across Europe and the UK, and expand into other international markets. This investment is a major milestone for our team and a strong validation of the platform we have built together with top-tier financial institutions and leading corporates around the world.” 

 More about SurePay: Home • SurePay 

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QUEST SOFTWARE ANNOUNCES NEW $350 MILLION CAPITAL INFUSION TO ACCELERATE AI INNOVATION AND GROWTH

Clearlake

Austin, TX – May 30, 2025 – Quest Software, a global leader in data management, identity security and platform modernization, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced the closing of a refinancing transaction of its outstanding debt with a majority of holders of its existing first lien and second lien term loans. It includes a new capital infusion of $350 million by Quest’s existing lenders, which will help accelerate Quest’s artificial intelligence (AI) innovation and growth initiatives. Participation in the transaction is open to remaining holders.

The $350 million of new term loans mature at the same time as Quest’s existing and refinanced first lien term loans in February 2029. Additionally, Quest extended the maturity of its revolving credit facility to November 2028 and de-levered its balance sheet, strengthening its liquidity position and securing additional financial flexibility to pursue the company’s growth strategy. This investment comes at a pivotal moment for Quest, as organizations across all industries are seeking trusted partners to help navigate the complexities of AI adoption.

“We thank our investors and lenders for their continued support, which we believe signals their confidence in our ability to leverage AI market opportunities,” said Tim Page, CEO of Quest. “We believe AI represents not just a technological shift but a fundamental transformation in how businesses create value. With most of the Fortune 500 companies using Quest Software for data management and identity security, we have an understanding of customer environments and requirements that drives our AI priorities and accelerated investments.”

“We are pleased with the completion of this transaction for Quest and all of its stakeholders including employees, shareholders and lenders,” said Behdad Eghbali, Co-Founder and Managing Partner, and Prashant Mehrotra and Paul Huber, Partners at Clearlake. “We believe this is an especially exciting time for the Company as the market undergoes transformation driven by the adoption of AI, the proliferation of data and the ever-evolving need for cyber resiliency, and we look forward to continuing to partner with the Quest team to accelerate growth and elevate its market position.”

“This transaction will provide enhanced investment and liquidity, allowing us to innovate and expand our suite of identity protection products,” said Mark Logan, CEO of One Identity, a standalone and independent business unit within Quest, specializing in identity and access management (IAM), privileged access management (PAM), and identity governance administration (IGA). “With AI playing an increasingly vital role in the IAM, PAM, and IGA sectors, our focus remains on delivering cutting-edge solutions that help organizations protect and manage identities effectively. We are excited to better serve customers seeking comprehensive identity management solutions and fortify our ability to respond to evolving market demands.”

This investment will support Quest’s expansion of both the embedded AI capability across products in their software portfolio and AI data readiness technology to enable enterprises to fully realize the promise of AI. Key initiatives will begin rolling out immediately, including the new Quest Software Center for Advanced Architecture. As part of this ground-breaking initiative, engineers will develop next-generation solutions for both AI data management and governance and agentic AI to identify and respond to cyber threats at machine speed.

Quest is also investing in building a world-class partner ecosystem specifically for the AI revolution, with specialized solution paths for data partners, identity security specialists, and Microsoft platform integrators working with Active Directory and EntraID environments.

 

About Quest Software

Quest Software creates technology and solutions that build the foundation for enterprise AI. Focused on data management and governance, identity security and platform modernization, Quest helps organizations address their most pressing challenges and make the promise of AI a reality.  Around the globe, more than 130,000 companies including over 90% of the Fortune 500 count on Quest Software.  For more information, visit www.quest.com or follow Quest Software on X (formerly Twitter) and LinkedIn.

 

About One Identity

An independent and standalone business within Quest Software helps organizations get identity and access management (IAM) right. With a unique combination of offerings including a portfolio of identity governance, access management and privileged management, and identity as a service that help organizations reach their full potential, unimpeded by security yet safeguarded against threats. One Identity has proven to be a company unequalled in its commitment to its customers’ long-term IAM success. More than 7,500 customers worldwide depend on One Identity solutions to manage more than 125 million identities, enhancing their agility and efficiency while securing access to their data — wherever it might reside. For more information, visit https://www.oneidentity.com/.

 

About Clearlake

Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused, approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational approach, O.P.S.® The firm’s core private equity target sectors are technology, industrials, and consumer. Clearlake currently has over $90 billion of assets under management and its senior investment principals have led or co-led over 400 investments, and has deployed over $57 billion in liquid and illiquid credit investments globally. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland, Luxembourg, Abu Dhabi, UAE, and Singapore. More information is available at www.clearlake.com.

 

Media Contacts:
For Quest:

Slava Balykov

slava.balykov@quest.com

 

For Clearlake:

Jennifer Hurson

Jhurson@lambert.com

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CDTI Innovation’s SICC Innvierte Invests in Next Technology Ventures II to Drive Innovative Solutions for Critical Energy Transition Challenges

Axon

With this investment, CDTI Innovation reaffirms its commitment to promoting projects that empower national companies to lead international markets, create high-quality employment, and enhance their competitiveness through advanced technology.

CDTI Innovation, through its Innvierte initiative, has invested 15 million euros in Next Technology Ventures II (NTV II), managed by Axon Partners Group. This investment aims to promote the development of high technology (‘Deeptech’) in SMEs within the climate sector (generation and smart grids, smart buildings and distributed energy, transport and mobility, industry, and circular economy), primarily targeting early-stage companies.

Next Technology Ventures II:

Driving Technological Innovation in Early-Stage Climate Solutions With a total size exceeding 60 million euros, NTV II began building its portfolio in 2023. Targeting between twenty and thirty investee companies, the fund has already made its first twelve investments in companies developing solutions to global challenges such as industrial decarbonisation (Build to Zero), green hydrogen production and carbon capture (Parallel Carbon), renewable energies and grid flexibility (Hepta, Phelas, or Novatron), and the circular economy (Nextmol).

Additionally, these companies are advancing enabling technologies based on IoT (Energiot or Wsense), new materials (Jolt), and even Quantum Computing applied to energy (Quilimanjaro).

The fund is managed by Axon Partners Group, which, since 2019, has maintained a dedicated investment strategy focused exclusively on the climate technology and energy transition ecosystem. While global in scope, Axon’s strategy prioritises Spain and Southern Europe.

Innvierte:

Promoting Business Innovation Through Venture Capital, Innvierte is a programme that fosters business innovation by supporting venture capital investments in technology-driven or innovative companies. Implemented through the closed-end collective investment entity Innvierte Economía Sostenible SICC S.M.E., S.A., this initiative operates under the supervision of the Spanish National Securities Market Commission (CNMV), with CDTI Innovation as its sole shareholder.

To date, CDTI Innovation has committed 2,183 million euros in 57 investment vehicles that have invested in over 602 companies. It has directly committed 632 million euros to 188 companies through its co-investment line.

Innvierte is part of the Spanish Science, Technology, and Innovation Strategy 2021-2027, approved by the Council of Ministers in September 2020. This strategy outlines the objectives, reforms, and measures to be implemented across the R&D&I sector to drive its growth and impact, forming a key pillar in the government’s R&D&I policy for the coming years.

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Altor divests all shares in XXL

27 May 2025. Altor Fund IV (“Altor”) has today accepted the mandatory offer from Frasers Group Plc for XXL ASA (“XXL” or the “Company”) and thereby sold 23,491,568 A shares and 17,051,037 B shares in XXL ASA, representing all its shares and votes in the Company, at a price of NOK 10 per share. Following these transactions, Altor will own no shares in XXL. Altor has supported XXL since they partnered in 2019.

“Given the current situation and the increasing short-term challenges, Altor has decided to accept Frasers Group’s offer, in line with the Board’s new recommendation. As we now hand over to Frasers Group, we believe XXL will benefit from their industry experience and benefit from being part of a larger group” said Øistein Widding, Partner and Head of Norway.

Andreas Källström Säfweräng, Partner and Head of the Consumer Sector continued: “XXL’s management team and dedicated employees are working hard every day to build a stronger company, and Altor believes they’ll succeed in getting back to profitable growth. That said, there are still real challenges ahead short-term. We see this as the right time for Frasers Group to guide the next chapter.”

About Altor

Since inception, the family of Altor funds has raised more than EUR 12 billion in total commitments. The funds have invested in just south of 100 companies. The investments have been made in medium-sized predominantly Nordic and DACH companies with the aim to create value through growth initiatives and operational improvements. Among current and past investments are Helly Hansen, Meltwater, CCM Hockey, and Toteme.

Press contact

Karin Åström

Head of Communications

karin.astrom@altor.com

+46 707 64 86 59

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Smart Communications Announces Acquisition of Joisto

AKKR Logo

Powerful Cloud Archival Capabilities Expand Smart Communications’ Market-Leading Conversation Cloud™ Platform

London and New York – Smart Communications™, the leading cloud-based platform for enterprise customer communications, today announces it has acquired Joisto, a cloud data archive company. As a result, customers will now have the ability to seamlessly store, manage and retrieve digital records and documents, while meeting the stringent requirements for data retention that govern regulated industries worldwide.

“We’re delighted to incorporate Joisto’s deep expertise in cloud archival into Smart Communications,” said Leigh Segall, CEO of Smart Communications. “Our leading Conversation Cloud Platform already enables our customers to manage sophisticated customer conversations at tremendous scale. With the addition of Joisto, we will extend these capabilities to meet an increasing need for regulatory-compliant and readily accessible storage of these conversations in the cloud. Together we will support customers worldwide as they continue their journey to modernize and transform customer conversations.”

Joisto’s cloud-based archive solution is built to seamlessly connect to a wide range of core solutions across corporate ecosystems using a comprehensive set of APIs. This enables customers to store, manage, and retrieve documents, irrespective of their source. With powerful data-ingestion capabilities and a modern, scalable, cloud architecture, Joisto easily meets customer requirements to store large volumes of documents, while enabling access from any location. Built with industry regulations and retention rules in mind, Joisto supports compliance with GDPR while driving enhanced document integrity, document authorization and user validation.

“Joisto is thrilled to join forces with Smart Communications,” commented Joisto CEO, Tommi Hänninen. “We deeply understand the importance of archival in regulated industries and we are especially proud to partner with an organization that is equally passionate about providing industry-leading capabilities through a modern, cloud-based architecture. The combination of Smart Communications and Joisto represents an exciting step forward for both companies and our customers.”

The acquisition comes alongside a period of sustained, rapid growth for Smart Communications, as the company has consolidated its leadership position in the cloud CCM (Customer Communications Management) and IXM (Interaction Experience Management) sectors and earned recognition for its strength among today’s leading healthcare, financial services, insurance, and government organizations. In addition, analyst firms including IDC, Aspire, Aragon, Datos, and Celent have once again ranked Smart Communications as a strategic leader and highlighted the company’s vision, cloud strategy, and product innovation.

As Smart Communications extends capabilities across the Conversation Cloud with this acquisition, the company will continue to integrate and partner with leading platform vendors worldwide to make ongoing customer conversations – and archival – seamless for the enterprises we serve.

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IK Partners to invest in Kestrel Capital

IK Partners

IK Partners (“IK”) is pleased to announce that the IK Small Cap III (“IK SC III”) Fund has signed an agreement to invest in Kestrel Capital (“Kestrel” or “the Company”), a fast-growing, independent Irish wealth manager. IK is investing alongside the current owners of Kestrel, who will all continue to develop and manage the business going forward. IK is investing from its dedicated pool of Development Capital, with this transaction representing IK’s first platform investment in Ireland. Financial terms of the transaction are not disclosed and completion of the transaction is subject to customary regulatory approvals.

Headquartered in Dublin, Ireland, Kestrel is an investment management and financial planning firm, offering bespoke services to high-net-worth individuals, family offices, corporations, charities, foundations and retirement plans. The Company was founded in 2015 and its highly skilled team is led by John Crowe, Danny McGinley and Kenny Hope. Together, they have a combined experience of more than 70 years in wealth management and they will continue to apply all this knowledge and experience to the benefit of Kestrel’s clients.

Kestrel has built a strong reputation for delivering long-term wealth preservation and accumulation strategies to a loyal and rapidly growing client base. Its business model is built around three main pillars: bespoke advice; disciplined portfolio construction; and rigorous oversight. As one of only a few independent MiFID regulated wealth managers in Ireland, the Company is able to provide discretionary portfolio management services, tailored to the specific needs of each client.

Since inception, Kestrel has increased its assets under management to over €1bn and is well positioned to continue its impressive growth, due to the Company’s differentiated offering, its well-established track record and the backdrop of increasing wealth generation in Ireland.

In partnership with IK, Kestrel plans to: continue providing high-quality advice to its growing client base; broaden its service offering; and invest in its operations to uphold high service standards. The Company will also accelerate growth by developing its existing team, attracting new senior wealth managers and making selective complementary acquisitions in a highly fragmented market.

John Crowe, Founder and CEO of Kestrel, said: “This investment from IK marks an important milestone in the development of Kestrel as we seek to further strengthen our position in the Irish Wealth Management sector. With the expertise and experience brought by the IK team, we will be able to capitalise on the market opportunity and pursue a growth strategy in an industry that is poised for consolidation.”

Simon May, Partner at IK and Advisor to the IK SC III Fund, added: “We have been very impressed with Kestrel’s achievements since inception. Its rapid growth is a real testament to the hard work and tireless efforts of John and his team to build a high-quality, client-centric business. We look forward to supporting John, Danny, Kenny and their team in the next chapter of Kestrel’s development, utilising the expertise of the wider IK platform and our experience with similar wealth management businesses.”

For further questions, please contact:

IK Partners
Vidya Verlkumar
Phone: +44 (0)7787 558 193
vidya.verlkumar@ikpartners.com

H/Advisors Maitland
Vikki Kosmalska
Phone: +44 (0) 7754 943 601
vikki.kosmalska@h-advisors.global

 

About Kestrel Capital

Kestrel Capital is an independent, employee-owned Investment Advisory and Management firm, supporting high-net-worth individuals, family offices, corporations, charities, foundations and retirement plans. Kestrel Capital provides access to global financial markets via world class international trading platforms. For more information, visit kestrel.ie

About IK Partners

IK Partners (“IK”) is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics, UK and Ireland. Since 1989, IK has raised more than €19 billion of capital and invested in over 200 European companies. IK supports companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit ikpartners.com

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Aliter backed TXP acquires Gen technology specialist Metatech

Deal supports scale-up of leading UK digital transformation and resourcing solutions group  

 
John Antunes, CEO, TXP (L) and Andy Scott, director, Metatech (R)

 

John Antunes, CEO, TXP (L) and Andy Scott, director, Metatech (R)
 

TXP (Technology x People), a portfolio company of Aliter, has completed the acquisition, for an undisclosed sum, of Metatech Solutions Ltd. (Metatech), a highly specialised software company focused on automated Gen modernisation and migration solutions.

 

Metatech now becomes part of Aliter backed TXP, which delivers IT consulting, technology development and people resourcing to a diversified blue chip customer base.

 

Newcastle based Metatech offers a range of highly specialist IT automation solutions for the model-based development CASE (Computer-Aided Software Engineering) tool Gen.  Its proprietary suite of automation tooling, called ‘MigrationWorks’, supports the key technical stages of a Gen legacy modernisation project.   

 

In recent years, Metatech’s work has been within the public, financial services, insurance, healthcare, aviation, automotive, telco and system integrator sectors, both in the UK and internationally. The firm has established a leading reputation in the automated Gen legacy modernisation and migration space, including regular collaborations with TXP.

 

Greig Brown, Aliter partner said, “The outlook for the conversion market is positive with increasing activity in modernising legacy IT systems. With its proven track record and proprietary technology, Metatech helps place the group in a strong position to benefit from this growing market.  As part of our portfolio of investments in the UK support services sector, we have, in recent years, invested significantly and successfully in the ICT services sector. Drawing on the knowledge, understanding and experience we have gained in the sector, we very much look forward to working with the team at TXP to support and grow the business, including further acquisition activity”.

 

Metatech’s senior management team is led by Andy Scott, who is remaining with the business to work closely with TXP’s CEO, John Antunes, to support further growth.

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Adelis new majority owner in ECM specialist EITCO

Adelis Equity
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Adelis Equity Partners has acquired a majority stake in EITCO GmbH, a European IT consultancy specializing in enterprise content management (ECM). The partnership will support EITCO’s organic growth and strategic acquisitions. EITCO provides product-agnostic consulting, implementation and software solutions to public and private sector clients, enabling digital transformation and process automation.

EITCO, founded in 2006, follows a product-agnostic approach, delivering customized consulting and implementation services and solutions based on either leading third-party ECM platforms or its own proprietary software—depending on client needs. With a strong presence in both the private and public sectors, EITCO enables its customers to advance their digital transformation and automate document-handling processes through its deep consultancy expertise. The company currently employs around 200 FTEs across its offices in Berlin, Bonn, and Essen.

Adelis has extensive experience investing in the fast-growing and dynamic IT services and software sector, where service delivery is becoming increasingly complex and business-critical. This trend is driven by factors such as the widespread migration to the cloud and rapid technological innovation. At the same time, market demand is rising for customized, agile, and customer-centric solutions.

Building on its strong track record of partnering with exceptional entrepreneurs, Adelis has become the new majority owner of EITCO, a leading provider of ECM (Enterprise Content Management) services and software. Together with the existing management team — who will remain in place and continues as significant shareholders — Adelis aims to accelerate EITCO’s successful growth journey. The focus will be on expanding the company’s offering, enhancing its capabilities, and extending its geographical footprint.

“We are thrilled to welcome Adelis as a new growth partner for EITCO. Our unique offering combines major third-party ECM partner software solutions as well as our own modular arveo content services platform with our deep technological implementation and consulting expertise, and a strong commitment to reliability and customer satisfaction. This powerful combination is highly valued by our loyal customer base and enables us to deliver outstanding digital solutions tailored to their needs. We are confident that with Adelis as our partner, we can continue to grow and realize our full potential,” says Carsten Storck, Managing Director at EITCO.

“We are proud to become the new majority owner of EITCO, a company whose management, technical and central teams have built a leading ECM specialist with a distinctive offering and a loyal customer base. We look forward to supporting EITCO’s continued growth—both organically and through strategic acquisitions,” says Franz Reiffenstuel at Adelis.

The transaction has been approved by antitrust authorities.

For further information:

Carsten Storck, Managing Director at EITCO

E-Mail: cstorck@eitco.de

Franz Reiffenstuel, Adelis Equity Partners

E-Mail: franz.reiffenstuel@adelisequity.com

Joel Russ, Adelis Equity Partners

E-Mail: joel.russ@adelisequity.con

About EITCO

EITCO is a leading ECM specialist, serving public sector institutions, regulatory-driven organizations and enterprise customers with increasing demands for digital content and document management. The company offers tailored solutions based on either its own modern, modular arveo content services platform or leading third-party ECM software products—always selecting the best fit for each customer’s specific needs. With a strong focus on automation, compliance, and long-term digitalization strategies, EITCO combines deep industry expertise with a customer-centric approach, positioning itself as a trusted partner in the evolving ECM landscape. Today, EITCO employs c. 200 FTEs across its offices in Berlin, Bonn and Essen. For more information, please visit www.eitco.de

About Adelis Equity Partners

Adelis is a growth partner for well-positioned companies in the Nordics and DACH. Adelis partners with management and/or owners to build businesses in growth segments and with strong market positions. Since raising its first fund in 2013, Adelis has been one of the most active investors in the Nordic middle-market, making 46 platform investments and more than 260 add-on acquisitions. Adelis today manages approximately €4.5 billion in capital. For more information, please visit www.adelisequity.com

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