Unica acquires Dotwood and strengthens ICT positioning

Triton

Hoevelaken/Amsterdam (The Netherlands), 10 January 2019 – Unica, a Triton Fund IV company, announced the acquisition of DotWood, a specialist in Microsoft Dynamics solutions. The acquisition will strengthen Unica’s activities in the field of ICT, an area Unica Schulte ICT, a Unica company, operates in. The purchase price has not been disclosed.

With DotWood’s solutions, Unica expects to be able to respond even better to its customers’ increasing need for simplifying business processes. Microsoft Dynamics offers powerful applications that enable organizations to improve customer relationship management and planning. Because Microsoft Dynamics can be linked to more and more operational systems, integrated optimization and analysis of business processes is possible.

About Unica
Unica provides a wide diversity of technical solutions for your buildings. Using top-of-the-range, innovative technology and an all-round service package, Unica contributes to socially relevant issues in the field of security, comfort & health, ICT, and energy and sustainability. With a network of ten companies, Unica – with 14 sites and over 2,200 employees – is one of the largest providers of technical services in the Netherlands. Unica is amongst the ‘Top 250 Scale-ups in the Netherlands’, an initiative of the Dutch Ministry of Economic Affairs.

For further information: www.unica.nl

About DotWood
Over the years, DotWood has offered consistent, high-quality services to Microsoft Dynamics customers and thereby assures them of important business benefits of the Microsoft Dynamics CRM solutions. Our expertise comes from years of experience and our solutions meet the requirements of real estate companies, manufacturing & distribution companies, Life Science and service companies.

Our experts communicate in an understandable language, without too many technical concepts. In addition, we believe it is important to integrate our software in a way that suits your company culture and way of working.

DotWood is a Microsoft Gold Partner.

Read more at: www.dotwoodcrm.com/

About Triton
Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health sectors.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 38 companies currently in Triton’s portfolio have combined sales of around €13.1 billion and around 85,000 employees.

Read more at: www.triton-partners.com

 

Press Contacts:

Triton
Marcus Brans
Phone: +49 69 921 02204

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Burnett Specialists Selects Erecruit’s Enterprise Staffing Software Platform to Drive Business Transformation

STG Partners

Erecruit™, the leading global technology provider and visionary for the staffing industry, today announced Burnett Specialists, Texas’ largest employee-owned staffing & placement agency, has selected Erecruit’s Enterprise Staffing Software Platform to help increase automation and deliver exceptional talent, value and service to customers, consultants and employees as the company continues to scale.

Since 1974, Burnett Specialists has matched thousands of talented and skilled job seekers with top employers across a long list of industries. As the Burnett team has continued to build the company over the years, they have amassed a number of proprietary software applications and have realized those solutions need to be consolidated onto one enterprise-class solution to continue and accelerate their growth.  As technology is evolving and shaping the way recruitment and staffing companies operate, Burnett also made it a point to find a next-generation platform with enterprise-level configurable workflow, alerts and automation within the user interface.

After conducting a thorough ROI analysis on the software options under consideration, Burnett Specialists selected Erecruit’s Enterprise Staffing Software Platform to innovate service delivery while maximizing operational efficiency across the entire staffing lifecycle. Erecruit’s Front Office, Middle Office, eStaff365 Onboarding and TempBuddy modules are designed to automate administrative tasks and integrate with numerous third-party vendors that Burnett works with every day. Additionally, Erecruit’s strong integration with payroll and accounting systems will allow the Burnett team to use margin and financial information to prioritize the most profitable tasks and make the informed decisions that lead to increased revenue and profits. From a desk perspective, Erecruit will help automate dozens of time-consuming administrative tasks so that more time can be spent with candidates, clients, and on strategic activities rather than on administrative processes.

“We are pleased to partner with Erecruit and leverage their Enterprise Staffing Software Platform,” said Sue Burnett, Founder and President, Burnett Specialists. “As we continue to grow, it is imperative to utilize a comprehensive, all-inclusive solution that addresses the needs of our daily business activities today and in the future. Erecruit will empower us to accelerate our digital transformation and ensure we have the ability to grow Burnett Specialists.”

“With the tight labor market, Erecruit helps to differentiate enterprise staffing firms in the constant need to attract, source and onboard candidates,” said Dominic Gallello, President & CEO, Erecruit. “Working with Burnett, we look forward to continuing to enhance our industry leading Pay & Bill solution.”

About Erecruit

Erecruit offers the most comprehensive and innovative end-to-end staffing software platform designed to empower users to achieve exceptional results. The company serves the entire recruitment lifecycle with Erecruit Front Office, Middle Office, Credentialing and VMS solutions for enterprise staffing firms; Adapt Front and Back Office software for newly formed to mid-sized firms, eStaff365 Onboarding, and TempBuddy temporary workforce management platform. Learn more at www.erecruit.com

About Burnett Specialists

Burnett Specialists is a privately-held, employee-owned, Houston-based recruiting, temporary staffing, and headhunting company with offices in Houston, The Woodlands, Austin, El Paso, San Antonio, and Dallas, where they operate as Choice Specialists. Nationally certified as a woman-owned business, Burnett Specialists is widely respected as a diversity vendor.

Burnett Specialists offers their employers and clients the convenience of utilizing one localized source for all their recruitment needs from temporary staffing employees to direct-hire salaried professionals.  They have dedicated recruiting teams that focus specifically on unique skill specializations including: accounting, administrative / clerical, convention support, engineering, healthcare, HR, IT, legal, light industrial, management / professional, manufacturing, medical admin, mortgage / banking / credit union, sales / marketing, supply chain, customer service / call center, and corporate training.

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Nordic Capital acquires BOARD International, provider of the #1 decision-making platform

Nordic Capital

JANUARY 09 2019
Nordic Capital acquires BOARD International, provider of the #1 decision-making platform Image

  • BOARD International offers the only unified platform providing Business IntelligenceCorporate Performance Management and Predictive Analytics
  • The platform enables companies worldwide to achieve a single, accurate and complete view of business information and full control of performance across the entire organisation
  • Nordic Capital will support BOARD International’s continued global expansion and development through investments into the organisation and the platform

Nordic Capital Fund IX (“Nordic Capital”) today announced the agreement to acquire a majority share in BOARD International, the global provider of the cloud-based #1 decision-making platform. Together with BOARD’s founders and management, who will remain significant shareholders in the Company, Nordic Capital will support BOARD’s continued international expansion through investment into the organisation and technology platform. The acquisition is the sixth investment by Nordic Capital’s EUR 4.3 bn Fund IX, and builds on its recognised expertise and outstanding track record in the Technology and Payments sector.

Founded in 1994 and headquartered in Chiasso, Switzerland and Boston, the US, BOARD International enables customers worldwide to effectively deploy Business Intelligence, Corporate Performance Management and Predictive Analytics applications on a single platform. The platform allows companies to achieve a single, accurate and complete view of business information and full control of performance data across their entire organisation. Customers include Coca-Cola, Volkswagen, Puma, Toyota and other well-known international companies and brands. The Founders and Management have chosen Nordic Capital as their preferred strategic partner for further international expansion.

BOARD International has 26 offices around the world which, together with a global partner network, serve more than 3,000 customers in over 100 countries. The Company is fast growing and employs over 300 people in Switzerland, Italy, Germany, France, the United Kingdom, Spain, the Netherlands, Belgium, Denmark, the United States, Mexico, Argentina, Dubai, Hong Kong, India, Japan and Australia.

“As we continue to innovate the BOARD platform, helping customers worldwide to make better business decisions, we are delighted to partner with Nordic Capital to aid our growth. Their expert support will be of great value as we further our expansion in geographies across the globe,” says Giovanni Grossi, CEO and co-founder of BOARD International.

“Nordic Capital is excited about BOARD’s global potential and the impressive growth of the company, clearly leading the way into a new era of corporate decision-making. BOARD is a valuable partner to its customers, as it improves their decision-making effectiveness through its unified platform and by providing cutting-edge, cost-effective, easy-to-use and deploy software. Drawing on Nordic Capital’s significant experience in the technology sector, we intend to support BOARD International in its global expansion,” says Fredrik Näslund, Partner at the Advisor to the Nordic Capital Funds.

The parties have agreed not to disclose the financial details. Subject to customary regulatory approvals, the transaction is expected to close in Q1 2019.

Nordic Capital was advised by Goldman Sachs while BOARD International was advised by UBS.

 

Media contacts:

 

Nordic Capital

Katarina Janerud, Communications Manager
Advisor to the Nordic Capital Funds
Tel: +46 8 440 50 50
e-mail: katarina.janerud@nordiccapital.com

 

BOARD International

Giulia Biondi, Communications Manager
BOARD International
Tel: +41 91 697 54 10
e-mail: gbiondi@board.com

 

About BOARD International:

BOARD is the #1 decision-making platform. Founded in 1994 and headquartered in Chiasso, Switzerland, and Boston, MA, BOARD International has enabled more than 3,000 companies worldwide to effectively deploy Business Intelligence, Corporate Performance Management and Predictive Analytics applications on a single platform. The BOARD platform allows companies to achieve a single, accurate and complete view of business information and full control of performance across the entire organization. Thanks to BOARD, global enterprises such as Coca-Cola, DHL, KPMG, Puma, Siemens, Toyota and ZF Group have deployed end-to-end decision-making applications in a fraction of the time and cost associated with traditional solutions. For further information about BOARD, please visit www.board.com

About Nordic Capital

Nordic Capital is a leading private equity investor in the Nordic region with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a proven track record. Core sectors are Healthcare, Technology & Payments, Financial Services, Industrial Goods & Services and Consumer & Retail, and key regions are the Nordics, Northern Europe, and globally for Healthcare. Since inception in 1989, Nordic Capital has invested EUR 12 billion in over 100 investments. The most recent fund is Nordic Capital Fund IX with EUR 4.3 billion in committed capital, principally provided by international institutional investors such as pension funds. The Nordic Capital Funds and vehicles are based in Jersey and are advised by advisory entities, which are based in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital, please visit www.nordiccapital.com

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Universal-Investment acquires labs from Lupus alpha

Montagu

The Universal-Investment group, based in Frankfurt / Main and Luxembourg, is acquiring the Frankfurt-based IT service provider for financial companies, labs, from its former owner, Lupus alpha Asset Management AG. labs will continue to operate as an independent company under the “UI labs” brand.

For Universal-Investment, the acquisition of the IT data specialist – which focuses on front-office and data solutions for financial companies – is yet another step towards becoming the leading European fund-service platform for all asset classes. In doing so, the company will round off its 360-degree portfolio for institutional investors, asset managers and fund initiators.

labs, which was formed in 2009, is amongst the industry’s leading software and IT consultancies. The company integrates heterogeneous data ecosystems, creates data-management solutions compliant with regulatory requirements, and visualises the data. It offers its customers the entire process from a single source – from the initial analysis through to implementation; in doing so, labs specialises in areas such as front-office solutions based on Software-as-a-Service models, data warehousing and analytics, PRIIPs (Packaged Retail and Insurance-based Investment Products) or the German Investment Tax Reform Act (“Investmentsteuerreform”). labs develops software products for asset managers, investment companies, custodians, insurance companies, wealth managers and family offices. In doing so, its team concentrates on the areas of front-office solutions, data management and reporting.

Universal-Investment CEO, Bernd Vorbeck, explains: “Digitalisation, in particular, is an important competitive factor in the financial sector. For Universal-Investment’s business model as an infrastructure platform for the fund industry, it is without doubt the decisive one. Especially, providing and optimising data services is a central issue for developing intelligent, innovative asset management solutions, streamlining processes and boosting efficiency. We’re therefore delighted that labs will become part of our growth strategy.”

Ralf Lochmüller, founding partner and CEO of Lupus alpha, confirms: “We successfully developed labs from an IT startup to an established supplier; we are convinced it will optimally leverage its continued growth potential at Universal-Investment in future.”

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dogado acquires checkdomain and becomes one of the leading hosting providers in Germany

Triton

Dortmund/Lübeck (Germany), 7 January 2019 – dogado GmbH, a company of the Triton III portfolio company European Directories, acquired checkdomain. With the acquisition, dogado now serves more than 190,000 customers with domains, web hosting and cloud services. This makes dogado one of the leading hosting providers in Germany.

The Lübeck-based company checkdomain was founded by Johannes Herold and specialises in domain reservations. With around 800 TLDs from all over the world, checkdomain supports almost every combination of domain extension and desired domain name. Almost 50,000 customers, including customers such as Axel Springer and Sennheiser, value this service and the associated reliability.

For dogado, the acquisition was an important milestone in the company’s own development. Daniel Hagemeier, CEO of dogado, is pleased about the acquisition: “checkdomain and dogado not only share a common market but, above all, a common philosophy: We place the focus on the customer to enable them to operate successfully online. We found the perfect match in checkdomain for providing our customers with ideas for the right name for their online projects.”

Through this acquisition, dogado continues the ongoing consolidation in the hosting market. Thanks to the support of Triton, dogado has completed more than twelve acquisitions in Germany in recent years. Björn Osterloff, Operating Partner and advisor to the Triton funds and responsible for Dogado/EDSA  commented: “Triton’s goal,  through partnership with management teams, is to successfully develop its portfolio companies over the long-term.Together with the dogado management team, we developed a successful acquisition strategy for the hosting market right from the start. Thanks to the rapidly developing size of the company, dogado was able to provide its own customers with an even better portfolio of cloud services.”

About dogado

The dogado group, based in Dortmund, Hanover, Halle (Saale) and Lübeck, is a cloud hosting provider for business customers. After its founding in 2001, the company initially relied on professional hosting services and later, it became one of the first German specialists to offer corporate cloud-based services. With more than 120 employees and the brands checkdomain, BUSYMOUSE, dogado and alfahosting, the Group serves more than 190,000 customers and is one of the leading hosting companies in Germany.

About Triton
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe, focusing on businesses in the Industrial, Business Services and Consumer/Health sectors.

Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 38 companies currently in Triton’s portfolio have combined sales of around € 13.1 billion and around 85,000 employees.

The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.

For more information: www.triton-partners.com

Press Contact:

Triton
Marcus Brans
Phone: +49 69 921 02204

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Universal-Investment acquires labs from Lupus alpha

Montagu

Frankfurt | 07 January 2019

The Universal-Investment group, based in Frankfurt / Main and Luxembourg, is acquiring the Frankfurt-based IT service provider for financial companies, labs, from its former owner, Lupus alpha Asset Management AG. labs will continue to operate as an independent company under the “UI labs” brand.

For Universal-Investment, the acquisition of the IT data specialist – which focuses on front-office and data solutions for financial companies – is yet another step towards becoming the leading European fund-service platform for all asset classes. In doing so, the company will round off its 360-degree portfolio for institutional investors, asset managers and fund initiators.

labs, which was formed in 2009, is amongst the industry’s leading software and IT consultancies. The company integrates heterogeneous data ecosystems, creates data-management solutions compliant with regulatory requirements, and visualises the data. It offers its customers the entire process from a single source – from the initial analysis through to implementation; in doing so, labs specialises in areas such as front-office solutions based on Software-as-a-Service models, data warehousing and analytics, PRIIPs (Packaged Retail and Insurance-based Investment Products) or the German Investment Tax Reform Act (“Investmentsteuerreform”). labs develops software products for asset managers, investment companies, custodians, insurance companies, wealth managers and family offices. In doing so, its team concentrates on the areas of front-office solutions, data management and reporting.

Universal-Investment CEO, Bernd Vorbeck, explains: “Digitalisation, in particular, is an important competitive factor in the financial sector. For Universal-Investment’s business model as an infrastructure platform for the fund industry, it is without doubt the decisive one. Especially, providing and optimising data services is a central issue for developing intelligent, innovative asset management solutions, streamlining processes and boosting efficiency. We’re therefore delighted that labs will become part of our growth strategy.”

Ralf Lochmüller, founding partner and CEO of Lupus alpha, confirms: “We successfully developed labs from an IT startup to an established supplier; we are convinced it will optimally leverage its continued growth potential at Universal-Investment in future.”

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Universal-Investment acquires labs from Lupus alpha

Montagu

Frankfurt | 07 January 2019

The Universal-Investment group, based in Frankfurt / Main and Luxembourg, is acquiring the Frankfurt-based IT service provider for financial companies, labs, from its former owner, Lupus alpha Asset Management AG. labs will continue to operate as an independent company under the “UI labs” brand.

For Universal-Investment, the acquisition of the IT data specialist – which focuses on front-office and data solutions for financial companies – is yet another step towards becoming the leading European fund-service platform for all asset classes. In doing so, the company will round off its 360-degree portfolio for institutional investors, asset managers and fund initiators.

labs, which was formed in 2009, is amongst the industry’s leading software and IT consultancies. The company integrates heterogeneous data ecosystems, creates data-management solutions compliant with regulatory requirements, and visualises the data. It offers its customers the entire process from a single source – from the initial analysis through to implementation; in doing so, labs specialises in areas such as front-office solutions based on Software-as-a-Service models, data warehousing and analytics, PRIIPs (Packaged Retail and Insurance-based Investment Products) or the German Investment Tax Reform Act (“Investmentsteuerreform”). labs develops software products for asset managers, investment companies, custodians, insurance companies, wealth managers and family offices. In doing so, its team concentrates on the areas of front-office solutions, data management and reporting.

Universal-Investment CEO, Bernd Vorbeck, explains: “Digitalisation, in particular, is an important competitive factor in the financial sector. For Universal-Investment’s business model as an infrastructure platform for the fund industry, it is without doubt the decisive one. Especially, providing and optimising data services is a central issue for developing intelligent, innovative asset management solutions, streamlining processes and boosting efficiency. We’re therefore delighted that labs will become part of our growth strategy.”

Ralf Lochmüller, founding partner and CEO of Lupus alpha, confirms: “We successfully developed labs from an IT startup to an established supplier; we are convinced it will optimally leverage its continued growth potential at Universal-Investment in future.”

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Capricorn ICT Arkiv, Quest for Growth and Pamica invest in Leuven-based scale-up miaa Guard

Leuven, Belgium: 3 January 2019 – Capricorn Venture Partners is investing both from the Capricorn ICT Arkiv as well as from Quest for Growth in a total round of € 3 million in miaa Guard, the Leuven based Identity and Access Management Solutions Company. Pamica, the investment vehicle form Michel Akkermans has also joined the round.

miaa Guard was founded in 2009 under the name of VintiQ by Carlo Schüpp and Ward Duchamps. Both founders are passionate professionals in information security and gained excellent experience at companies such as Swift, Ubizen and Deloitte ERS Security & Privacy. In 2014 the product brand “miaa” was established referring to the ‘management of identity, access and authorization’, which led to the company name “miaa Guard”.

miaa Guard offers a unique cloud-based platform to manage access to digital services. While the miaa platform responds to modern needs of privacy, it offers solutions in a sharing economy. In a sharing economy, consumers and professionals share access to sensitive records and internet-of-things through mobile apps. While traditional security models fail on scale, the miaa platform scales to tens of millions of users with self-service, self-healing and intuitive workflows for managing access.

miaa Guard already implemented its platform throughout the world from India to Poland and from France to the U.S for renowned clients such as Coca-Cola, Mars, Johnson & Johnson, Merck and the NBA. Closer to home, miaa Guard has been involved with smart ticketing at bus company De Lijn and the manufacturer of internet-of-things Hager.

The funds will be used to accelerate the growth of miaa Guard. Both Michel Akkermans and Katrin Geyskens are joining the miaa Guard Board of Directors.

More info on miaa Guard’s website.

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Flux raises $7.5M Series A to bring its digital receipts platform to more banks and merchants

Profounders

 

Flux, the London fintech that has built a technology platform for banks and merchants to power itemised digital receipts and a lot more, has raised $7.5 million in Series A funding. The round is led by VC firm e.ventures (which has previously backed the likes of Farfetch, Sonos and Groupon), with participation from existing investors PROfounders, and Anthemis.

Founded in 2016 by former early employees at Revolut, Flux bridges the gap between the itemised receipt data captured by a merchant’s point-of-sale (POS) system and what little information typically shows up on your bank statement or mobile banking app. Off the back of this, it can also power loyalty schemes and card-linked offers, as well as give merchants much deeper POS analytics via aggregated and anonymised data on consumer behaviour, such as which products are selling best in unique baskets.

On the banking side, Flux is currently available through Barclays (via Barclays Launchpad), challenger bank Starling, and for a small alpha group of Monzo customers. Once banking customers link their account to the service, Flux delivers digital receipts (and where available rewards and loyalty) for transactions at Flux retailer partners.

To that end, merchant partnerships include Costa Coffee, EAT, pod and itsu. Flux also recently announced that Pure is joining the service.

“Our mission has always been to liberate the world’s receipt data because by doing this we can enrich trillions of experiences globally,” Flux co-founder and CEO Matty Cusden-Ross tells me.

“The information on a receipt is used all the time in everyday life, from budgeting to loyalty to expensing but today these all require manual steps. We see a future in which all of these manual processes become seamless experiences, simplifying and enriching people’s lives. Our focus today is on establishing a standard, the Flux platform, to make this a reality within the U.K. before expanding to our first international market”.

Of course, Flux’s attempts to become a standard for the interchange of item level digital receipt data — and the proprietary platform that powers that standard — has always faced a chicken and egg problem: It needs bank integrations to sign up merchants and it needs merchant integrations to sign up banks. Cracking this problem has clearly started to gather momentum, something that hasn’t gone unnoticed by investors.

“We’ve transitioned from having to prove it’s possible to now scaling and that’s a great feeling,” says Cusden-Ross. “The aim for this round is to continue making Flux the gold standard for anything that touches receipt data, [ensuring] Flux remains super easy to use for everyone — consumers, banks and retailers. What this means is going fully live across some of the largest U.K. retail banks as well as ramping our up our live merchants”.

(Related, I understand that Flux has already begun integrating with one of the major U.K. supermarkets and an “international fast food chain,” amongst other unannounced partnerships.)

“Creating a real-time platform that handles massive data volumes is hard, but we’ve cracked it,” adds the Flux CEO. “We’re investing heavily in bringing on the best engineers to continue scaling in a big way. Having figured out the recipe for working with banks and retailers quickly, it’s now all about growing as fast as possible”.

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The Carlyle Group Invests in Wakanow.com, One of West Africa’s Largest Online Travel Agencies

Carlyle

Lagos – Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that it has agreed to invest $40 million in Wakanow.com Limited (Wakanow), an online travel agency focused on West and East Africa, with principal operations in Nigeria. Equity came from Carlyle’s Sub-Saharan Africa fund and further financial details were not disclosed.

Founded in 2009 in Nigeria, Wakanow is one of West Africa’s largest full-service online travel companies, providing its customers with a one-stop online booking portal for flights, hotels, holiday packages, and other travel services and ancillaries. Complementing their online offering, Wakanow also operates a network of traditional brick-and-mortar travel centres and has operations in Nigeria, Ghana, Kenya, UAE and the UK.

Wakanow enjoys strong brand recognition and a scale advantages in its local markets. This investment adds to Carlyle’s experience in the online travel sector, where it has invested in companies such as C-trip, one of the major online travel agencies operating across China, the Latin American travel and tour operator CVC Brasil, and Vasco Turismo, one of the largest travel operations groups in Peru.

Obinna Ekezie, Co-Founder and CEO, Wakanow, said: “We are excited to partner with Carlyle as we continue to grow and expand in Africa and beyond. Carlyle’s global footprint and scale as well as its extensive experience and network in the online travel sector will help us to further develop our offerings and broaden our customer base.”

Idris Mohammed, Managing Director, The Carlyle Group, said: “Wakanow has experienced incredible growth since inception, disrupting the travel market and taking market share both online and offline. We believe that this strong growth trajectory will continue as Wakanow benefits from an expanding middle class across the continent in addition to increasing internet penetration and mobile connectivity, which is driving increased online traffic. We look forward to working with Wakanow’s management team to help them deliver on their vision for growth and expansion.”

Mayowa Ayodele, Chief Investment Officer, Platform Capital, one of Wakanow’s lead investors, said: “We are happy to partner with Carlyle and look forward to working together with them to strengthen Wakanow’s market position, accelerate innovation, deepen its systems and processes to realize the vision of a truly world class online travel agency with African roots.”

* * * * *

Media contacts:

Wakanow
Obinna Ekezie
Tel: +234 (0) 803 725 2736
Obinna@wakanow.com

The Carlyle Group
Catherine Armstrong
Tel: +44 (0)20 7894 1632
Catherine.Armstrong@carlyle.com

About Wakanow

Wakanow Limited is Nigeria’s leading travel business with a strong presence in West Africa and an increasingly growing reach across the African continent. The company offers an increasing set of products to address the holiday making desires of the African consumer, while showcasing and offering the Africa holiday experience to the rest of the world. Its partnerships with key global players in the travel space make it a one-stop travel solution at a competitive price point. The company employs over a 100 people and operates offices in strategic locations across the continent.

About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $212 billion of assets under management across 339 investment vehicles as of September 30, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,625 people in 31 offices across six continents.

Web: www.carlyle.com 
Videos: www.youtube.com/onecarlyle  
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary

About Carlyle Sub-Saharan Africa Fund (CSSAF)

Established in 2012, CSSAF and its affiliates, with $698 million of committed capital, have invested over $550 million to date across a variety of industries, including energy, financial services, TMT, retail, logistics, business services and mining services, and across a variety of geographies, including South Africa, Gabon, Nigeria, Mozambique, Zambia, Tanzania, and the Democratic Republic of the Congo. CSSAF makes buyout and growth capital investments in private and public companies from offices in Johannesburg, South Africa and Lagos, Nigeria.

About Platform Capital

Platform Capital is a growth markets focused, sector agnostic, principal investments firm.

Platform deploys patient, value accretive capital alongside international and local value investors to create champion businesses with the ability for regional scale. The firm’s extensive on-the-ground relationships and real time market insights makes it a unique co-investment partner.

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