Tag Archives: Information technology

Ardian to support EMH Partners’ majority acquisition of Cleverbridge with new unitranche financing

Ardian

Ardian, a world leading private investment house, today announces that it has arranged a new unitranche financing to support the majority acquisition of Cleverbridge by EMH Partners, alongside the management team and founders. The financing arranged by Ardian’s Private Debt team also includes an additional committed debt facility to further support Cleverbridge’s global expansion plans.

Headquartered in Cologne and Chicago and founded in 2005, Cleverbridge provides solutions that enable clients to grow their revenue without adding headcount. Driving subscription-renewals through personalized automation for B2B & B2C clients in SaaS and digital goods; Cleverbridge provides an easy-to-integrate, cloud-based and AI/ML driven engine that simplifies client-retention and market expansion while providing best-in-class customer experience in 180 global markets.

These capabilities are coupled to proven global tax, compliance and payment-solutions that help Cleverbridge clients improve cost efficiency, client-retention and grow revenue without adding headcount.

“We are delighted to be supporting the management team and EMH Partners who have a strong track record in expanding and scaling mid-sized companies in the digital space. Cleverbridge leverages its unique proposition to drive clients’ growth in the attractive software and digital goods market and is well-positioned for continued expansion. The Private Debt team is very pleased to be the company’s financing partner and to support Cleverbridge’s growth ambitions.” Lukas Stepanek, Managing Director in the Ardian Private Debt team

“Cleverbridge addresses a huge market opportunity as the volume of subscription and software-as-a-service solutions sold globally continues to increase. With Ardian’s bespoke and flexible financing solution we look forward to supporting the company and its management team during their next phase of expansion.” Dominik Schwarz, Partner at EMH Partners

ABOUT CLEVERBRIDGE

Cleverbridge provides solutions that enable clients to grow their revenue without adding headcount. With a full suite of revenue tools such as renewal automation and payment, tax and compliance solutions, Cleverbridge helps B2B & B2C enterprises go-to-market in 180 markets, processing an average of 1.5m transactions per month.

www.grow.cleverbridge.com

ABOUT EMH PARTNERS

EMH Partners is an owner-led investment firm by entrepreneurs for entrepreneurs. As a next-generation private equity company and one of the leading investors in the DACH region, EMH Partners supports the growth of Mittelstand companies with capital, digitalization and expansion expertise. EMH Partners invests in market leading, owner-managed companies to accompany them in partnership during the next growth phase. Today, EMH Partners manages more than €1 billion of committed capital.

www.emh.com

ABOUT ARDIAN

Ardian is a world leading private investment house, managing or advising $130bn of assets on behalf of more than 1,300 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. We also provide a specialist service for private clients through Ardian Private Wealth Solutions. Ardian is majority-owned by its employees and places great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 900+ employees, spread across 15 offices in Europe, the Americas and Asia, are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

www.ardian.com

Media Contact

ARDIAN

HEADLAND

ardian@headlandconsultancy.co.uk

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Snowplow, the World’s Leader in Data Creation for AI and BI, Closes $40M in Series B Funding

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Snowplow, the World's Leader in Data Creation for AI and BI, Closes $40M in Series B Funding

LONDON–(BUSINESS WIRE)–Snowplow, the world’s leader in Data Creation, today announced $40 million in Series B funding led by global venture capital firm, NEA, whose prior investments include Databricks, Cloudflare, and DataRobot, and continued support from existing Snowplow investors, Atlantic Bridge, and MMC. To date, funding raised totals $55 million. The new infusion of capital will allow Snowplow to grow its team, accelerate support for an ever-increasing set of data types, and scale internationally.

Snowplow announces $40 million in Series B funding to enable any company to create behavioral data to power data intensive applications at scale. @NEA led the round with continued support from @atlanticbridgev.

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Today, over 10,000 companies including Strava and Software.com use Snowplow to create data to power transformative AI and advanced analytics directly from their data warehouse, lake or steam in real-time. With Snowplow, data teams have access to rich behavioral data that is created, modeled, and fit for the data application they are building, allowing them to focus on driving value rather than spending time finding, cleansing, and preparing data for analysis.

As companies adopt AI and ML in more parts of their business, there is an increasing need for high quality, well structured, predictive, and well-understood data to power those algorithms. Traditional approaches, where companies repurpose existing data, have proved expensive and brittle. Snowplow was founded to address this challenge with a unique approach: enabling organizations to deliberately create better data for AI and advanced analytics, driving improved AI performance, faster time to value, and better compliance.

“Snowplow was built to solve the need for predictive, behavioral data to drive decisions, insights in a privacy conscious and scalable way,” said Snowplow CEO and Co-Founder, Alex Dean. “Snowplow places the power of behavioral data into the hands of the teams that need it most, directly into their existing data infrastructure.”

Snowplow uniquely creates data directly into a customer’s Data Warehouse or Lakehouse combining with data from external systems to create a Universal Data Language. This Universal Data Language is specific to each business, and allows for dramatically reduced time spent in data preparation. Significantly improving performance for Machine Learning and Analytics use cases. All of this is brought together as part of Snowplow’s Behavioral Data Platform.

Common use cases for Snowplow include:

Advanced Analytics for modeling customers behavioral data across multiple points of engagement from web, mobile, point of sale, sales data, and customer support to create a dataset that provides companies with the most accurate view of customer behavior and marketing attribution. Snowplow’s approach to pipeline deployment, first-party tracking, and anonymous tracking provides significant advantages over traditional analytics tools such as Google Analytics.

Composable CDP and Customer 360 – Behavioral data creation is the underlying foundation of the Composable CDP, providing a true single customer view and a platform to power personalization at scale. Compared to off-the-shelf CDPs, composable CDPs are built on a business’s single source of truth, the warehouse or lake and built with best-in-class data tooling.

AI/ML Model Creation becomes more efficient by eliminating data wrangling. Snowplow delivers real-time, AI-ready data to your warehouse or lake, ready to train data models. With every data point validated up front against a user-defined schema, there is full assurance that data is in a highly expected format at a consistent level of granularity to create accurate model predictions.

Software.com sought a way to describe how developers work together and then apply this to enable great developer efficiency. Software.com leverages Snowplow for its ability to track event data from multiple sources across its platform and support systems and deliver it all in a single, consolidated format. All data entering the warehouse has been validated and adheres to a unified format. Using Snowplow, Software.com’s data stack now passes data from collection to analysis in roughly 20 seconds—hours ahead of the closest competition. Thanks to this, Software.com’s user base has grown 250%.

Other Noteworthy Snowplow customers and adopters include:

  • Charlotte Tilbury
  • CNN
  • Datadog
  • MassMutual
  • GitLab
  • Capital One
  • Autodesk
  • Axel Springer

“AI is one of the largest opportunities in technology, but in order to maximize the return on AI and advanced analytics initiatives, organizations need better data that they have full control over,” said Tony Florence, Managing General Partner, Technology, NEA. “Snowplow is pioneering the Data Creation category with a developer-first platform that allows any company to create and consume AI-ready data as if they were Amazon or Netflix.”

Alex Sharata, Senior Associate, NEA added: “We were impressed by Snowplow’s traction with the open source community as well as the company’s ability to deliver value to large enterprise customers, such as Autotrader, Flickr, Strava, and Zenefits, among others. We’re thrilled to partner with Alex Dean, Yali Sassoon, and the Snowplow team as they continue to create and operationalize data at scale for teams across the globe.”

Snowplow’s pioneering technology has led to awards, winning ‘Best Attribution Solution’ at The Drum Awards for Digital Advertising 2022, and ‘Data Tech Deployment of the Year’ at the Data Breakthrough Awards 2022.

About Snowplow

Snowplow generates, enhances and models high-quality, granular Behavioral Data, ready for use in AI, ML, and Advanced Analytics applications. When integrated with other tools from the modern data stack, Snowplow can power a wide variety of advanced data applications, allowing organizations to drive significant business value with behavioral data. Data applications built on top of Snowplow include composable CDPs, first-party digital analytics and ML-powered churn reduction for subscription businesses. For more information on Snowplow, follow us on LinkedIn, Twitter or Instagram, or visit us on GitHub.

About NEA

New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With nearly $24 billion in cumulative committed capital since the firm’s founding in 1977, NEA invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm’s track record of investing includes more than 260 portfolio company IPOs and more than 430 mergers and acquisitions. www.nea.com

Contacts

Yasmin Zeitoun
Marketing Strategy Lead
Snowplow Analytics
yasmin@snowplowanalytics.com

Atlantic Bridge is a Global Growth Equity Technology Firm with over €1 billion of assets under management across seven Funds, investing in technology companies in Europe and the US. We have offices and staff based in Palo Alto, London, Dublin, Munich and Paris.

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TechInsights acquires Strategy Analytics

Oakley

TechInsights, an Oakley Capital (‘Oakley’) and CVC Growth Partners portfolio company, is pleased to announce that it has acquired Strategy Analytics, a leading supplier of syndicated research across the global consumer technology sector.

TechInsights image

Headquartered in Boston, Massachusetts, with a significant presence in Europe, Strategy Analytics supplies syndicated research across the global consumer technology sector, providing the deepest wireless and automotive coverage in the market.

Icons8 Globe

Business provides syndicated research across global consumer tech sector

Icons8 Air Shaft

Acquisition strengthens content offering to strategically important sectors including auto

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Highly complementary content and customer base with opportunity to cross sell

The team at Strategy Analytics is excited to be joining forces with TechInsights. The content we will create together and deliver through a single platform will further expand our ability to meet client needs, while our highly complementary customer base provides the opportunity to cross and upsell.

Harvey Cohen

President — Strategy Analytics

Advanced technology and market analysis

TechInsights is widely recognised as the world’s authoritative information services platform for the global microelectronics sector, built from a core competency of heavily differentiated reverse engineering creating advanced technology and market analysis. TechInsights sells syndicated content to the world’s largest companies, underpinning investment in microchip development and innovation. Oakley Fund IV invested in TechInsights in 2021 alongside CVC Funds to support the company’s growth strategy through client and content acquisition, supplemented by strategic M&A.

Highly complementary content and customers

TechInsights and Strategy Analytics enjoy highly complementary content and customers as well as high proportions of recurring revenues. Integrating Strategy Analytics’ content into TechInsights’ platform will strengthen the business’s market position as the go-to information provider for the semiconductor sector, while also providing cross selling opportunities.

Adding Strategy Analytics will also enable TechInsights to further access strategically important industries including the auto sector, where carmakers are increasingly designing their own chips in the face of continuing supply chain disruption and as they strive to achieve a competitive advantage versus peers.

Quote Gavin Carter

We are rapidly increasing the content available on the TechInsights Platform, further strengthening our position as the most authoritative information provider to participants in the semiconductor sector. The more analysis, data and information we can provide the more informed our content becomes. I am delighted that Strategy Analytics content will now expand our Platform further, creating even more value for our customers under one single offering while extending access for TechInsights to important new sectors such as auto.

Gavin Carter

CEO — TechInsights

Quote Peter Dubens

We see considerable opportunity for TechInsights to expand into new verticals as more companies seek actionable insights on the fast-growing semiconductor industry. Adding Strategy Analytics also demonstrates Oakley’s ability to help entrepreneurial businesses grow through M&A and to date we have helped our portfolio companies complete over 100 bolt-on acquisitions.

Peter Dubens

Managing Partner & Co-Founder — Oakley Capital

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Nordstjernan to invest in Mentimeter AB, a leading player in audience engagement

Nordstjernan

Nordstjernan Growth is investing in Mentimeter, a rapidly-growing SaaS company in the field of audience engagement. Mentimeter offers a solution to build enthusiasm in meetings and engage participants and audiences. Mentimeter’s platform engages people globally; to date, over 200 million individuals have used the product.

 

Nordstjernan will be investing SEK 150 million in Mentimeter. Creades is also coming in as a new investor in the company, and Alfvén and Didrikson – an existing owner – will be investing additional capital.

 

“It is a sign of strength that Nordstjernan Growth – a player with a long-term perspective – has chosen to invest in Mentimeter, and I am looking forward to continuing to build the company together with them,” says Johnny Warström, CEO and founder of Mentimeter.

 

“We are investing in Mentimeter with the ambition of supporting the company in its continued development. We are impressed by what Johnny Warström, Niklas Ingvar and the team have achieved, and we look forward to supporting the company over the long term,” says Nordstjernan’s CEO Peter Hofvenstam.

 

The investment is being made within Nordstjernan’s growth initiative, Nordstjernan Growth, and is the fourth holding in the Growth portfolio.

 

Peter Hofvenstam

President and CEO

Nordstjernan AB

 

 

Questions will be answered by:

 

Peter Hofvenstam, CEO, Nordstjernan

E-mail: peter.hofvenstam@nordstjernan.se

 

Stefan Stern, Head of Communications, Nordstjernan

Mobile: +46 70 636 74 17

E-mail: stefan.stern@nordstjernan.se

 

 

Nordstjernan is a family-controlled investment company whose business concept is to be an active owner that creates long-term value growth. More information about Nordstjernan can be found on www.nordstjernan.se.

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Adelis acquires IT company netIP

Adelis Equity
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The Danish IT company netIP A/S (”netIP”) partners with Adelis Equity Partners (“Adelis”) to support the company’s next growth phase.

netIP, which is a leading and independent one-stop-shop IT provider, has a special focus on IT outsourcing, IT infrastructure, IT security, SharePoint and IT consulting services for Danish businesses. In the past five years, the number of employees has doubled to the current 165 employees based in seven departments in Thisted, Holstebro, Herning, Aalborg, Aarhus, Viborg and Herlev.

“In the past year, netIP has completed a successful turnaround after an unusual financial year of 2020/2021, where Covid-19 made it difficult to make things work together, which i.a. resulted in layoffs of 18 employees. Due to structural changes and the employees’ huge work effort, the management of netIP expects to be able to present an adjusted operating profit of approximately DKK 36 million in the financial year 2021/2022, which ends on 30 June 2022. This  is a significant improvement compared to the previous year”, says Martin Welna at Adelis Equity.

CEO and main shareholder, Martin Kjølhede, has been part of the company since 2000, and in connection with the divestment he wishes to resign from the management to concentrate on the strategic development of the company. Therefore, he continues as a board member and leaves the management to the three current directors, comprising CCO Brian Vesterbæk, CFO Birgitte Lukassen and COO Joakim Halvorsen.

“I am extremely proud on behalf of netIP of what we have created and accomplished together. The time is right to bring a responsible private equity fund such as Adelis on board, which can help build on the company’s strengths by adding competence and experience. Personally, it has been important for me to sell to an investor who wants to preserve and support the existing culture and values. netIP is first and foremost about people, because they are the ones who create the culture, the company and the results”, explains CEO Martin Kjølhede.

Adelis also joins the Board of Directors to support the strategy of growth and expansion of the IT business through strong customer relationships and high employee satisfaction.

“We see great potential in the way in which netIP meets customers at eye level and creates an attractive workplace with motivated and loyal employees. We look forward to building on the company’s strengths and culture. Therefore, neither employees nor customers will experience changes associated with the sale, but they can however expect netIP to become an even stronger organization, ”says Martin Welna at Adelis.

The agreement must now be approved by the relevant authorities before the deal can be considered final.

The transaction price for netIP is approx. DKK 375 million.

For further information:

Martin Welna, Adelis Equity Partners, martin.welna@adelisequity.com, +45 21 99 67 57

Martin Kjølhede, netIP, mkj@netIP.dk, +45 82 19 44 01

About netIP

NetIP is an independent one-stop-shop IT provider of consulting, advisory, security and outsourcing services as well as solutions within infrastructure and SharePoint for Danish businesses. The company consists of 165 people in local branches in Thisted, Holstebro, Herning, Aalborg, Aarhus, Viborg and Herlev. Read more at netip.dk.

About Adelis Equity Partners

Adelis is a growth partner for well-positioned, Nordic companies. 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 33 platform investments and more than 150 add-on acquisitions. Adelis today manages approximately €2 billion in capital. For more information, please visit www.adelisequity.com

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Global fintech SumUp raises €590 million and celebrates 10 years of supporting small merchants

BainCapital

LONDON, June 22, 2022- SumUp (www.sumup.co.uk), the financial partner for over 4 million small businesses worldwide, has raised a €590 million funding round that gives the company an enterprise value of €8 billion following a decade of rapid growth and global expansion. The round was led by Bain Capital Tech Opportunities, with participation from funds managed by BlackRock, btov Partners, Centerbridge, Crestline, Fin Capital, and Sentinel Dome Partners, among others. This latest round is a combination of debt and equity and brings SumUp’s total capital raised to €1.5 billion.

SumUp was founded in 2012 to help small merchants start, run and grow their business through a fair, easy, and reliable payment solution. Today, its financial services Super App provides merchants with a free business account and card, an online store, and an invoicing solution, as well as in-person and remote payments seamlessly integrated with SumUp’s proprietary card terminals and point-of-sale registers. More than 4 million businesses ‒ from taxi drivers and coffee shop owners to large sports stadiums ‒ trust SumUp to deliver when it matters.

SumUp’s team of over 3,000 people supports merchants in 35 countries worldwide, with Peru (launched in June 2022) being the company’s most recent new market. In recent years, SumUp has also expanded into point-of-sale solutions, and with the acquisitions of Goodtill, Tiller, and Fivestars, the company is rapidly expanding its footprint within the restaurant and retail sectors.

Marc-Alexander Christ, SumUp co-founder and CFO, said of the round: “SumUp has received consistent support from the global investment community in our mission to help small merchants succeed. We stand by our merchants whatever the circumstance ‒ whether that be COVID or macroeconomic uncertainty. Our ability to organically grow 60+% through the challenges of recent years shows that we are there for merchants when they need support most. I am very proud of the team for completing a successful financing round in the current market with marquee investors – it’s indicative of our strength, execution, and potential. The funds we’ve raised will enable us to continue to build out our product ecosystem, expand into new markets, pursue value-adding acquisitions, and continue leveling the playing field for small merchants at a global scale.”

Darren Abrahamson, a Managing Director at Bain Capital Tech Opportunities, added: “SumUp has continually evolved to empower a growing and diverse field of small businesses with payment solutions and tools to efficiently connect with their everyday consumers. SumUp’s leadership team have led the company to sustained and accelerated growth through expansion to more than 30 countries where they have had a direct and positive impact on the small business ecosystem. We’re proud to contribute our deep fintech and payments experience to aid SumUp’s remarkable ability to push the boundaries and lead an incredibly competitive industry.”

Bain Capital has deep global investment experience across the payments and e-commerce sectors, having invested in and added value to a wide-range of companies at all stages of their growth cycle.

Goldman Sachs International acted as exclusive placement agent for SumUp. Weil, Gotshal & Manges acted as legal adviser to SumUp on the financing.

About SumUp
SumUp is a leading global financial technology company driven by the purpose of leveling the playing field for small businesses. Founded in 2012, SumUp is the financial partner for more than 4 million small merchants in over 35 markets worldwide, helping them start, run and grow their business. Through its Super App, SumUp provides merchants with a free business account and card, an online store, and an invoicing solution – as well as in-person and remote payments seamlessly integrated with SumUp’s card terminals and point-of-sale registers. SumUp is committed to leveraging its success to make the world a better place and has pledged to donate 1% of its revenue to support  environmental, educational and entrepreneurial causes. For more information, please visit sumup.co.uk.

About Bain Capital Tech Opportunities
Bain Capital Tech Opportunities (https://www.baincapitaltechopportunities.com/) aims to help growing technology companies reach their full potential. We focus on companies in large, growing end markets with innovative or disruptive technology where we believe we can support transformational growth. Our dedicated, tenured team has deep experience supporting growing technology businesses—bringing together differentiated backgrounds in private and public equity investing as well as technology operating roles. We invest behind fundamental long-term tailwinds as technology penetrates across industries,     creating a large and growing number of investment opportunities. Bain Capital Tech Opportunities focuses on five priority sub-verticals: Application Software, Infrastructure & Security, Fintech & Payments, Healthcare IT and Internet & Digital Media.

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EQT Private Equity to sell Facile.it, Italy’s largest online price comparison platform, to Silver Lake

eqt
  • EQT Private Equity and Oakley to sell Facile.it, Italy’s leading online destination for consumers to compare prices and save money on key areas of household spending, to Silver Lake
  • Under EQT Private Equity’s tenure, Facile.it has continued to pioneer the Online Price Comparison market in Italy and further established its position as clear leader across multiple verticals, strengthening its brand, technology capabilities, and omnichannel presence
  • Today, Facile.it reaches a base of over four million unique monthly users via an end-to-end seamless experience across its website, 39 stores, and over three thousand agents, and has grown its EBITDA by more than 20 percent on average over the last four years

EQT is pleased to announce that the EQT VIII fund (“EQT Private Equity”) and Oakley have agreed to sell Facile.it (“Facile” or “the “Company”), Italy’s largest online price comparison platform, to Silver Lake.

Founded in 2008 and headquartered in Milan, Facile.it is Italy’s leading destination for consumers to compare prices for motor insurances, utilities, financial products, and much more, helping users save time and money, and making their everyday life easier.

During EQT Private Equity’s ownership, Facile.it has continued to pioneer the Online Price Comparison market in Italy, developing innovative products that save its users hundreds of millions of euros every year. Over time, Facile.it has expanded its diversified product offering and unique omnichannel distribution proposition, which underpin its long-term growth trajectory and allow it to benefit from the continued market digitalization and e-commerce penetration.

EQT Private Equity has invested significantly in Facile, future-proofing its technology architecture, expanding its management team, and developing unique omnichannel distribution capabilities, while continuing to reinforce its brand. In 2021, the Company reached EUR 140 million revenues and is today well-positioned for its next phase of growth.

Dominik Stein, Partner within EQT Private Equity’s Advisory Team, said, “Facile.it is a great example of how EQT can help unlock a company’s full potential by combining our local-with-locals approach and deep sector expertise, with our long experience from developing tech companies. EQT is proud of having been a part of Facile’s remarkable growth trajectory and development. We would like to thank the whole management team for the trusted partnership over the past four years. We would also like to thank our co-investor Oakley Capital, the Advisory Committee members and all employees for their daily commitment in making Facile.it the unique company it is today.”

Christian Lucas, Co-Head of Silver Lake EMEA, said, “Facile is an exceptional business with a differentiated and powerful value proposition for customers, channel partners and financial service providers. We are truly impressed by what Tobias and the rest of the team have built over the past years. The company is now Italy’s leading online destination for consumers to compare prices with a market-leading tech platform and unique omnichannel capabilities across its agent networks and stores. Investing in high-growth and pioneering business models with differentiated technology capabilities is at the core of our mission. We look forward to partnering with Tobias and the rest of the management team to significantly invest in the business and drive further growth and value creation over the coming years by contributing our experience from investments in multiple similar businesses across Europe.”

Tobias Stuber, CEO of Facile.it, said “On behalf of the Facile.it management team and all employees, I would like to thank EQT and Oakley for the successful, collaborative, and highly productive partnership over the past four years on our journey towards capitalizing further on our position as a landmark destination for Italy’s household spending. Thanks to their support, we are in an even better position today for the next phase of our growth with our new partner Silver Lake.”

The transaction is subject to customary conditions and approvals and is expected to close in Q3, 2022.

Goldman Sachs acted as the exclusive financial advisor, Latham & Watkins as legal advisor to EQT.

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

About EQT
EQT is a purpose-driven global investment organization with EUR 77 billion in assets under management across 36 active funds. EQT funds have portfolio companies in Europe, Asia-Pacific and the Americas with total sales of approximately EUR 29 billion and more than 280,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

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

About Oakley Capital
Founded in 2002, Oakley Capital is a pan-European private equity firm backing ambitious growth companies across three core sectors – Technology, Consumer and Education. Oakley is able to deliver differentiated investment opportunities and superior returns by leveraging its entrepreneurial mindset and deep sector expertise. The Oakley team works closely with a unique network of entrepreneurs and successful management teams to help source primary, proprietary opportunities and gain valuable insights into the businesses in which it invests. Its ability to overcome complexity, and a flexible approach to value creation, allows Oakley to support its portfolio companies to achieve sustainable growth.

More info: www.oakleycapital.com

About Facile.it

Facile.it is the leading Italian Online Price Comparison platform, helping over 4 million customers every month to compare prices on key areas of their household spending, providing access to a wide product offering, helping them save time and money. The Company in 2021 generated approximately EUR 140 million in revenue

More info: www.facile.it

About Silver Lake
Silver Lake is a global technology investment firm, with more than $88 billion in combined assets under management and committed capital and a team of professionals based in North America, Europe and Asia. Silver Lake’s portfolio companies collectively generate nearly $254 billion of revenue annually and employ approximately 557,000 people globally.

More info: www.silverlake.com

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Ardian announces the sale of its stake in Trustteam to Rivean Capital

Ardian

Ardian, a world leading private investment house, announces today it has signed an agreement with Rivean Capital to sell its majority stake in Trustteam, a leading IT managed services provider headquartered in Kortrijk, Belgium.

Founded in 2002 by Stijn Vandeputte, Trustteam serves a broad base of c.6,500 active customers in Belgium and France with a one-stop-shop offering covering the full spectrum of IT services and equipment, cloud, connectivity, cybersecurity and software solutions. Trustteam assists SME clients who typically have limited internal IT skills and expertise and therefore prefer a trustworthy and preferred partner that can offer full unburdening from an IT perspective. The company benefits from long-term, secular growth fueled by the increasing digitization of the economy and businesses, the transition from on-premise hardware into the cloud, growing IT complexity, and increased IT outsourcing.

Since Ardian’s acquisition of a majority stake in 2018, Trustteam has rapidly grown both through solid organic growth and targeted M&A. Trustteam and its management, with the backing from Ardian, have successfully completed 6 add-ons in France and Belgium, with France now representing more than 30% of the group’s revenues.

” Over the last years, we have significantly accelerated our development and have further professionalized the group, tripling the revenues of the company. We would like to express our gratitude to the Ardian Expansion team for their continuous support and guidance over the past years. We look forward to starting a new chapter with our partner Rivean Capital who have demonstrated an outstanding understanding of our business and full compatibility with our culture.” Stijn Vandeputte, Founder & CEO of Trustteam

“Since our entry to the capital of Trustteam, our objective has been to accompany the Group in its development in Belgium and France through an active buy-and-build strategy. Alongside the seasoned management team, we have supported their objectives to make Trustteam a leading player in IT services. We would like to thank all teams and are happy to pass the baton to a quality partner like Rivean Capital.” Arnaud Dufer, Managing Director and Head of France and Belgium in the Ardian Expansion team

“From the outset, we have been impressed with Trustteam’s track record of consistent organic growth, its value-creative buy-and build strategy and its entrepreneurial management team, creating the leading managed service provider for SMEs in Belgium and Northern France. In an increasingly complex IT environment, Trustteam offers an attractive proposition to fully unburden their SME customers. We are delighted to be partnering with Pieter, Stijn and the rest of the management team to further their growth ambitions, both organically and through strategic acquisitions.” Peter Hujoel, Partner at Rivean

“This transaction is another milestone for Rivean in Belgium and fits perfectly with our ‘local-for-local’ strategy to partner with ambitious and entrepreneurial management teams regarding the internationalization of their business.” Nicolas Linkens, Senior Partner at Rivean

LIST OF PARTICIPANTS

  • Ardian Expansion

    • Arnaud Dufer, Maxime Séquier, Romain Gautron, Mathieu Lebrun
    • Legal advisor: Linklaters (Arnaud Coibion, Victor Burki)

  • Rivean Capital

    • Nicolas Linkens, Peter Hujoel, Rogier Corthout, Baptiste Roussel
    • Legal advisor: Allen & Overy (Frederiek Adams)

ABOUT TRUSTTEAM

Trustteam is a provider of IT managed services provider, specializing in cloud solutions, hardware and networks, software, VoIP and support. Trustteam has two ISO 27001 certified data centers which allow it to meet the most stringent information security requirements. The company was established in 2002 and has offices in Belgium (Kortrijk, Wavre, Heusden-Zolder, Antwerp and Nazareth), France (Colmar and Nancy) and Romania (Iași). With now nearly 6,500 customers, Trustteam is a major player in the IT services market in Belgium and France.

trustteam.be

ABOUT ARDIAN

Ardian is a world leading private investment house, managing or advising $130bn of assets on behalf of more than 1,300 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. We also provide a specialist service for private clients through Ardian Private Wealth Solutions. Ardian is majority-owned by its employees and places great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 900+ employees, spread across 15 offices in Europe, the Americas and Asia, are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

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ABOUT RIVEAN CAPITAL

Rivean Capital (“Rivean”) is a leading European private equity investor in mid-market transactions with operations in the DACH region, Benelux and Italy. Rivean manages funds in excess of €3bn and has offices in Utrecht, Brussels, Frankfurt, Zurich and Milan.
Since its inception in 1982, Rivean has supported more than 250 companies in realizing their growth ambitions. Other recent investments include MBK Fincom, Init, TAS, EDCO and To-Increase.

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TRUSTTEAM

Pieter Spiesschaert

Pieter.spiesschaert@trustteam.be  

ARDIAN

HEADLAND

ardian@headlandconsultancy.com  

RIVEAN CAPITAL

Maikel Wieland

m.wieland@riveancapital.com

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Ataccama Receives $150 Million Growth Investment from Bain Capital Tech Opportunities

BainCapital

TORONTO and BOSTON, June 22, 2022 – Ataccama, a leading unified data management platform provider, today announced it has received $150 million in growth capital from Bain Capital Tech Opportunities, representing a minority investment in the company. The funds will be used to strengthen its go-to-market engine, further invest in new product innovation and expand its global reach. These efforts will allow Ataccama to build on its significant growth and cement its position at the forefront of the data management and governance sectors.

Spun off from Adastra in 2007, Ataccama provides global enterprises with the ability to massively scale data-driven innovation to accelerate business outcomes. The company’s platform, Ataccama ONE, unifies data governance, data catalog, data quality and master data management functions across hybrid and cloud environments—enabling organizations to democratize their data while maintaining data accuracy, control and governance.

“Businesses require better and more actionable data to remain competitive in today’s evolving marketplace, and they understand this requires stronger collaboration between IT and business analysts,” said Dewey Awad, a Managing Director at Bain Capital Tech Opportunities. “Ataccama’s cloud-friendly, best-in-class platform makes it simple for technical and non-technical roles to collaborate on data quality and governance. Demand for the platform has driven a significant increase in the company’s average deal size, fueling incredible momentum. We see a significant runway for further growth.”

In Q1 of fiscal year 2022, Ataccama averaged welcoming a new customer every three days, significantly expanding its footprint in the banking, financial services, insurance, life sciences, healthcare and retail industries. The company also doubled its annual recurring revenue (ARR) in 2021 and was named a Leader in both the 2021 Gartner Magic Quadrant for Data Quality Solutions and 2021 Forrester Wave: Data Governance Solutions, Q3 2021 as well as a Challenger in the 2021 Gartner Magic Quadrant for Master Data Management (MDM) Solutions.

“Large organizations are struggling to scale and decentralize their data initiatives and enable data democratization, while at the same time keeping their data under control from a quality, governance, privacy and security perspective. Ataccama ONE Gen2 provides a seamless way to empower both technical and less technical ‘data people’ across the organization to create high-quality, governed, safe and reusable data products. This has propelled Ataccama’s growth in annual recurring revenue and client retention,” said Michal Klaus, Chief Executive Officer of Ataccama. “Bain Capital Tech Opportunities shares our business vision and mission, and this additional capital will enable us to meet growing demand and scale our operations while accelerating innovation.”
Ataccama has more than 450 employees and 10 offices globally. In 2021, it added more than 150 new employees to its team, a year-over-year increase of nearly 160%. It also recently announced the opening of its newest location in Melbourne, Australia.

About Ataccama
Ataccama reinvents the way data is managed to create value on an enterprise scale. Unifying Data Governance, Data Catalog, Data Quality and Master Data Management into a single, AI-powered fabric across hybrid and cloud environments, Ataccama gives your business and data teams the ability to innovate with unprecedented speed while maintaining trust, security and governance of your data. Learn more at www.ataccama.com.

About Bain Capital Tech Opportunities
Bain Capital Tech Opportunities (www.baincapitaltechopportunities.com) aims to help growing technology companies reach their full potential. We focus on companies in large, growing end markets with innovative or disruptive technology where we believe we can support transformational growth. Our dedicated, tenured team has deep experience supporting growing technology businesses—bringing together differentiated backgrounds in private and public equity investing as well as technology operating roles. We invest behind fundamental long-term tailwinds as technology penetrates across industries, creating a large and growing number of investment opportunities. Bain Capital Tech Opportunities focuses on five priority sub-verticals: Application Software, Infrastructure & Security, Fintech & Payments, Healthcare IT and Internet & Digital Media.

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Visma divests its digital transformation consulting business to CVC Fund VIII

CVC Capital Partners

Visma’s IT consulting business, focusing on digital transformation, has been a part of the Visma Custom Solutions division and is a leading provider of mission-critical IT solutions and data-driven technologies, powered by 2,000 highly skilled professionals across the Nordic region and in Lithuania, and serving 8,000 customers in the private and public sector.

With its focus on customised software development, the bespoke nature of the new company’s business model differs from the rest of the Visma Group, which is centred around SaaS (Software as a Service) and standardised products.

After receiving strong interest in the business from potential buyers in recent months, this led to a closed auction process with a selected group of interested parties. A key rationale for the transaction is that both Visma and the new company can achieve even stronger growth as two separate businesses.

The transaction further streamlines Visma as Europe’s leading provider of mission-critical cloud software.

“We believe this is a great outcome for all parties, enabling the IT consulting business to develop even faster and better as an independent entity. For Visma this means even sharper focus on our core business going forward, and additional funds to pursue our ambitious growth strategy”, says Merete Hverven, CEO of Visma.

CVC is a leading global alternative investment manager with a global network of 25 local offices. CVC has been active in the Nordic markets for more than 20 years, successfully partnering with numerous companies in the region.

“We are excited about this opportunity to invest and accelerate the growth of the new company, which has an impressive track record under Visma’s ownership. The business is well positioned to continue its growth journey in delivering large digital acceleration projects across all Nordic countries, and we look forward to working with its talented team to accelerate this development”, say Christoffer Sjøqvist, Senior Managing Director and Head of CVC Denmark and Leif Lindbäck, Partner and Head of CVC TMT EMEA.

A leading player in the Nordics

Visma Custom Solutions has a best-in-class track record of profitable growth, growing 22 percent annually on average over the last five years, to 280 million Euros in revenues in 2021, making it one of largest Digital IT Services companies in the Nordics.

The new company’s projects span the entire software and app development lifecycle, leveraging capabilities in GovTech, analytics, cybersecurity and cloud. It will have 30 offices across the Nordic region and in Lithuania, with the headquarters to be located in Copenhagen.

CVC will support the new company’s existing management team and employees to grow and develop its leading market position through both organic growth and future acquisitions, under a new brand.

Current Division Director of Custom Solutions, Carsten Boje Møller, will assume the role of CEO in the new company.

“This is a great opportunity for us to create a leading Nordic IT consulting business, focused on digital transformation. I am very excited to get CVC on board, as they have a clear ambition to support our strategy and growth ambitions. This has been the most important criteria when choosing the right owner for our new company, and we look forward to working with them to accelerate our growth as an independent company”, says Møller.

Financial terms are not disclosed.

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