Tag Archives: Software

Our Investment in Cursor – accel

Accel

We’re pleased to announce our investment in Cursor, the company shaping the future of software engineering. What Michael, Aman, Arvid, and Sualeh have accomplished in just a few short years is without precedent, and it’s clear they’re only getting started.

As software has accelerated every company and industry over the past several decades, tools supporting engineering teams have flourished – yet astonishingly, the process of writing code itself has hardly changed. Cursor shrinks the gap between human intent and action.  We believe it will become the collaborative interface between humans and computers, where every keystroke, action or inaction is an exchange of information that helps to accelerate cycles and achieve better outcomes. With relentless execution and distinctive product taste, the Cursor team is making software engineering a seamless extension of the human brain.

With over $1.5 billion invested in AI-native companies, we have observed the compounding leadership effect of winners in certain categories. In coding, developer choice —> wider distribution & deeper engagement —> higher fidelity keystroke data —> compounding product differentiation. With market leadership comes disproportionate access to talent, capital, GPU capacity, and marketplace influence.

The future is uncertain, but it will likely involve various configurations of humans and agents writing code together.  Today, Cursor changes the paradigm for building software; tomorrow, we believe it will be the operating system for human-machine collaboration across all developers.  We’re delighted to back Michael and this incredibly talented team for the ambitious journey ahead.

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Main Capital Partners Successfully Closes €520 aMillion Multi-Asset Continution Fund

Main Capital Partners
Main Capital Partners, a leading enterprise software investor operating in Europe and North America, announces the successful closing of its first continuation fund, with a total €520 million in commitments.

The transaction was fully capitalized by a group of new and existing limited partners, co-led by Lexington Partners and StepStone Group, with Trinity River Holdings, LP serving as sub-lead. The fundraise experienced significant demand from globally recognized leaders in secondary transactions.

The continuation fund was established to (partially) acquire a diversified group of three strong-performing portfolio companies across several Main Capital Partners funds. The assets in the fund include SDB, a leading Dutch healthcare software provider, MACH, a German GovTech powerhouse, and Björn Lundén, a prominent Sweden-based financial administration software company with activities throughout Europe. Main Capital Partners aims to continue growing these star assets into European leaders in their respective domains, both organically and through active buy-and-build strategies.

This transaction has provided existing investors with optionality, offering either liquidity or the opportunity to continue investing in the growth trajectories of the three high-performing companies involved. Additionally, the fund provides the portfolio companies with additional time and capital to pursue further value-accretive buy-and-build strategies under the continued stewardship of Main Capital Partners.

This transaction aligns perfectly with our strategy to build large and resilient software groups. We are fully dedicated to continue building large and international software groups in our core product markets HealthTech, GovTech and Financial Administrative software.”

– Charly Zwemstra, Managing Partner and CIO at Main Capital Partners

Charly Zwemstra, Managing Partner and CIO at Main Capital Partners: “For over 20 years, Main Capital Partners has proven itself a leader in enterprise software investing. This transaction aligns perfectly with our strategy to build large and resilient software groups. We are proud of what we have achieved in partnering with these companies and their management teams so far. We are fully dedicated to continue building large and international software groups in our core product markets HealthTech, GovTech and Financial Administrative software.”

Jorn de Ruijter, Head of Fund Structuring and Investor Relations at Main Capital Partners: “This transaction has provided our investors with optionality to take liquidity at a market-driven price or continue to stay invested and profit from future upside, while allowing the portfolio companies the opportunity to continue pursuing their growth ambitions, a great result for all parties involved. We look forward to partnering with Lexington Partners, StepStone Group and Trinity River Holdings, LP on this new fund and continuing to support our portfolio companies for the years to come.”

Proskauer Rose LLP acted as lead legal counsel and Main did not use a placement agent for the fundraising.

Nothing contained in this Press Release is intended to project, predict, guarantee, or forecast the future performance of any investment. This Press Release is for information purposes only and is not investment advice or an offer to buy or sell any securities or to invest in any funds or other investment vehicles managed by Main Capital Partners or any other person.

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EURAZEO TO INVEST IN 3P, A LEADING SOFTWARE PROVIDER OF PUBLIC PROCUREMENT AND POST PROCUREMENT SOLUTIONS IN BELGIUM AND FRANCE

Eurazeo

Eurazeo, through its Small-mid buyout team, has entered into exclusive negotiations relating to an investment in 3P, a leading software publisher specialized in procurement and post-procurement as well as asset management solutions for public-sector institutions. The transaction marks the eleventh investment for Eurazeo PME IV, the third outside France, and demonstrates the expertise of the Small-mid buyout strategy in supporting fast-growing European technology and services mid-market champions in their international expansion.

Headquartered in Belgium and created in 2001, 3P offers a fully integrated platform with a subscription-driven revenue model designed to automate, secure and optimize tendering, procurement as well as post-procurement processes, while helping clients ensure compliance with the latest European, national and regional legislation and requirements. 3P’s products are used by 2,000+ public clients across Belgium and France and caters for the needs of diversified clients: municipalities, regional authorities, hospitals, universities, police forces, etc.

3P has showcased double-digit historical growth providing clients with mission-critical software enabling public entities to save time and optimize procurement processes while reducing administrative burden and ensuring compliance. Eurazeo will support and accelerate the company’s development by pursuing its European expansion strategy, which has been initiated in France by the historical shareholders: founders, 3d investors and ING who will all reinvest in the transaction alongside Eurazeo and the management team.

Clément Morin, Managing Director Small-mid buyout, at Eurazeo:

“We are thrilled to partner with 3P management team and historical shareholders on this next phase of growth. 3P is a perfect match to our ambition to support European software champions in both their organic and external growth. We now look forward to supporting the group by leveraging Eurazeo’s network, resources and experience, especially in cross-border M&A.“

Pascal Meyers, CEO of 3P:

“We are very enthusiastic about the arrival of Eurazeo as majority shareholder. We are convinced that their strong expertise, network and European DNA will help us to accelerate our strong growth ambitions to become Europe’s premier public-sector procurement technology partner, based on further broadening our European footprint as well as leveraging our major investments in a next-gen ai-empowered cloud solution.”

The reinvesting shareholders:

The founders, 3d investors, and ING are thrilled to welcome Eurazeo as 3P’s majority shareholder, reinforcing their confidence in 3P’s future through a significant reinvestment. There is a shared conviction that Eurazeo’s expertise as a leading IT investor will empower 3P to solidify its position in Belgium, and France and expand throughout Europe. They are fully committed to supporting 3P’s management team and Eurazeo in scaling 3P’s highly efficient GovTech public procurement platform throughout Europe.

Information – Individual investors

Eurazeo Investment Manager (EIM) and Eurazeo Mid Cap (EMC) are merging to form Eurazeo Global Investor (EGI)

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Main Capital Partners announces its acquisition of Norwegian document collaboration and e-archiving specialist Documaster

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Main Capital Partners

Main Capital Partners today announces its majority investment in Documaster, a Norwegian provider of mission-critical digital infrastructure for streamlined document management and e-archiving.

Moving forward, Main will act as a strategic partner to the management team, supporting Documaster in its growth journey. By pursuing a selective buy-and-build strategy, Documaster has strong potential to further internationalize and become a European leader in critical document and data management for public and regulated private sectors.

Documaster is a Norwegian cloud-native provider of digital infrastructure for streamlined document management and e-archiving. The services provided by Documaster simplify the processes of capturing, storing, organizing, and retrieving documentation, addressing the common issue of time-consuming searches for business-critical information within disorganized file systems. Today, Documaster serves approximately 750 customers, over 90% of which are public sector organizations, complemented by clients in highly regulated private sectors.

Attractive market dynamics and international scalability
The primary motivations behind the strategic acquisition with Documaster include attractive market dynamics as well as its scalability. In an increasingly complex regulatory environment, Documaster empowers organizations to manage their data and documents in a secure, compliant, and efficient manner. The combination of regulatory drivers, long-term customer commitment, and the shift to cloud-based solutions makes the archiving software market highly attractive. As data volumes continue to grow, companies that provide innovative, scalable, and secure archiving solutions are well-positioned for long-term success.

The company is well-positioned to continue its international growth, with an existing presence in Norway, Sweden, the Netherlands, and Belgium. Leveraging Main’s experience and network in supporting companies’ cross-border growth, both organically and through strategic add-on acquisitions, Documaster aims to further expand in the Nordic market as well as Continental Europe. The experienced management team will remain closely involved post-closing to continue their growth journey alongside Main.

We look forward to working closely with the team to accelerate international growth and jointly build a leading player in the document management and e-archiving space.”

– Wessel Ploegmakers, Partner & Head of Nordics

Svein Henning Kirkeng, CEO of Documaster: “We are very excited to embark on this new chapter with Main Capital. Their extensive experience in scaling SaaS companies and fostering long-term growth aligns perfectly with Documaster’s ambitions. Together, we will continue to deliver value to our customers while expanding our reach and capabilities. I am proud of what the team has achieved so far and look forward to what lies ahead.”

Wessel Ploegmakers, Partner & Head of Nordics at Main Capital Partners: “We are proud to join forces with the Documaster team. Their strong market position and mission-critical solutions are well aligned with our investment focus. We look forward to working closely with the team to accelerate international growth and jointly build a leading player in the document management and e-archiving space.”

About Documaster

Founded in 2014 in Oslo, Documaster is a cloud-native provider of document management and e-archiving solutions. The company’s technology streamlines the capture, storage, organization, and retrieval of documentation, helping organizations reduce inefficiencies and maintain compliance. Its core product, Documaster Archive, is primarily targeted at public sector entities and is designed to meet strict regulatory and operational requirements. Documaster currently serves approximately 750 customers, primarily in the public sector across Norway, Sweden, and the Netherlands.

Nothing contained in this Press Release is intended to project, predict, guarantee, or forecast the future performance of any investment. This Press Release is for information purposes only and is not investment advice or an offer to buy or sell any securities or to invest in any funds or other investment vehicles managed by Main Capital Partners or any other person.

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Main Capital Partners acquires US-based financial-administrative software providers Fraxion and Centreviews

Main Capital Partners

Strategic merger enhances mid-market finance automation, uniting procurement and AP workflows to boost efficiency, compliance, and global customer reach.

May 21, 2025, Boston – Main Capital Partners continues to invest in the financial-administrative software space with a majority investment in Fraxion and the addition of Centreviews as the first add-on acquisition. This marks Main’s fourth US platform investment since opening its Boston office in 2022.

Founded in 1997 and headquartered in Seattle, Washington, Fraxion is a provider of cloud-based procurement and spend management software for mid-market organizations. Fraxion’s platform empowers finance and operations teams with the automation, visibility, and control needed to manage procure-to-pay workflows, ensure policy compliance, and drive cost-effective decision-making across the organization.

To further strengthen Fraxion’s AP automation capabilities, Main will effectuate a combination between Fraxion and Centreviews, a software business headquartered in Two Harbors, Minnesota. Centreviews’ software platform centralizes invoice processing, approvals, and payments, enabling finance teams to reduce manual tasks and processing costs, accelerate AP cycles, and ultimately improve visibility.

The combination serves a diverse client base of 500 customers across 25 countries. The solutions of both companies are sector-agnostic with customers spanning education, agriculture, healthcare, manufacturing and distribution, and non-profit and government, among other industries. Notable customers of the combined group include Subaru Research and Development, iHeart Radio, the Atlanta Hawks, Alarm.com, and Delta Airlines.

By unifying procurement and payables into a seamless platform, the combined business enables finance leaders to drive efficiency, transparency, and accountability.

– Daan Visscher, Investment Director & Co-head North America

Daan Visscher, Investment Director & Co-head North America said, “We are pleased to announce this investment in Fraxion and follow-on acquisition of Centreviews. By unifying procurement and payables into a seamless platform, the combined business enables finance leaders to drive efficiency, transparency, and accountability—key pillars of both operational excellence and ESG stewardship. We are proud to back solutions that both deliver measurable operational efficiency and align with the evolving needs of finance teams across the mid-market. These acquisitions mark the foundation of a broader buy-and-build strategy to create an intelligent spend automation platform, unlocking long-term value for our customers.”

Stanton Jandrell, CEO of Fraxion, said, “We are thrilled to partner with Main Capital Partners and join forces with Centreviews, and we see ample opportunity to capture upon a shared vision to create a strong end-to-end solution from requisition to payment through these next stages of growth.”

Joe Meyer, CEO at Centreviews, concluded, “Our team is excited about the new chapter we’re embarking on alongside the Main and Fraxion folks. I have no doubt that we’ll achieve great outcomes for our customers over these coming years as well as we continue to maintain and improve upon our product offering.”

About Fraxion

Founded in 1997 and headquartered in Seattle, WA, Fraxion is a provider of cloud-based spend management and procurement software for mid-market organizations. Fraxion’s platform empowers finance and operations teams to control, automate, and gain visibility into purchasing workflows, ensuring compliance with internal policies and enabling cost-effective decision-making across organizations.

About Centreviews

Founded in 1998 and headquartered in Two Harbors, Minnesota, Centreviews is a provider of accounts receivable and accounts payable automation and document management solutions designed to streamline back-office workflows for mid-sized and enterprise organizations. Centreviews’ software platform centralizes invoice processing, approvals, and payments, enabling finance teams to reduce manual tasks and processing costs, accelerate AP cycles, and ultimately improve visibility.

Nothing contained in this Press Release is intended to project, predict, guarantee, or forecast the future performance of any investment. This Press Release is for information purposes only and is not investment advice or an offer to buy or sell any securities or to invest in any funds or other investment vehicles managed by Main Capital Partners or any other person.

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Finastra to Sell Treasury and Capital Markets Division to Apax Funds

Apax

Finastra, a global provider of financial software applications, and funds advised by Apax Partners LLP (“Apax”), a leading global private equity advisory firm, today announced that they have entered into an agreement under which Finastra intends to sell its Treasury and Capital Markets (“TCM”) business unit to an affiliate of Apax. Upon completion of the transaction, TCM will be rebranded and operated as a standalone business.

With a client base of over 340 financial institutions, TCM is a trusted enabler of risk management, regulatory compliance, and capital markets operations. Its suite of software products – most notably Kondor, Summit, and Opics – supports front-to-back trade lifecycle management, risk, compliance, and operations. Built on decades of intellectual property and long-standing client relationships, TCM is deeply embedded in the global banking ecosystem.

The sale of TCM will streamline Finastra’s portfolio and generate capital for reinvestment to enhance the company’s position as one of the world’s leading software providers to financial services companies. Finastra remains focused on serving its diversified and established customer base in over 135 countries, offering deep domain expertise and best-in-class technology to many of the world’s leading financial institutions and corporations.

“This sale marks an important milestone for Finastra that will help further launch our next phase of growth with a focused suite of mission-critical financial services software,” said Chris Walters, CEO at Finastra. “It will provide capital to accelerate our strategy and reinvest in our core business, while providing our award-winning TCM platform with the backing of an experienced, long-term technology investor to support its continued success moving forward.”

As an independent company working in partnership with the Apax Funds, TCM will be able to invest further in new product development, marketing and technology infrastructure to meet its customers’ evolving needs. The Apax Funds will support TCM in sharpening strategic and operational focus, enhancing customer experience and accelerating technological advancements, including strengthening the company’s cloud offering.

“TCM is a robust, mission-critical platform with leading functionality and an impressive customer base,” said Jason Wright, Partner at Apax. “We see significant potential to invest in technology, talent, and customer relationships to accelerate innovation and growth as a standalone company, drawing on our 25 years of experience scaling global software companies.”

Gabriele Cipparrone, Partner at Apax, said: “We’re excited to partner with the TCM team as the business begins a new chapter as an independent organisation. With the backing of the Apax Funds, we expect TCM to benefit from accelerated innovation and enhanced operations, delivering even greater value to its clients.”

Funds advised by Apax have a long history of investing across the application software industry. Notable investments include Paycor HCM, Zellis Group, ECi Software, OCS / Finwave, Azentio, EcoOnline and IBS Software. The Apax Funds also have extensive experience in supporting corporate carveouts in the software space.

The transaction is expected to close in the first half of 2026, subject to customary closing conditions and the completion of information and consultation processes with employee representative bodies, where required. Further terms of the transaction were not disclosed.

Evercore served as lead financial advisor to Finastra and Vista Equity Partners and Kirkland & Ellis served as legal advisor. Perella Weinberg Partners also served as a financial advisor to Finastra. Deutsche Bank served as financial advisor to Apax and Simpson Thacher & Bartlett served as legal advisor.

 

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Main Capital backed TMA acquires US based Decisionwise

Main Capital Partners

TMA’s acquisition of DecisionWise enhances talent management solutions, expands cross-Atlantic reach, and strengthens growth, serving 450 clients in 75 countries.

The Hague, May 15th 2025 – TMA announces its acquisition of DecisionWise, a US-based provider of cloud-based employee feedback and engagement solutions. The combination between TMA and DecisionWise creates a cross-Atlantic player within the talent management and engagement market. This investment marks TMA’s first acquisition since the partnership with Main Capital Partners in December 2024.

Founded in 1996 and headquartered in Springville, Utah, DecisionWise is a provider of employee experience surveys, employee engagement and a 360-degree feedback platform. The company serves approximately 450 clients across 70+ countries with 20% software growth. The solutions are sector agnostic and used by customers active across education, government, manufacturing, and healthcare, among other industries. Customers include Dropbox, City of Seattle, Avocados from Mexico, Standford University, ChildFund, American Automobile Association, and Fidelity International.

TMA is a provider of talent management solutions in the HR software space. TMA’s integrated talent management platform enables customers to manage human capital through assessments and other employee development solutions across the pre- and post-hiring phase. By combining strong industry expertise, market knowledge, and the latest IT developments, TMA has developed the scientifically based ‘TMA Method.’

The solutions provided by TMA & DecisionWise are complementary. The combination offers customers tools to manage and retain talent by identifying and tracking performance, engagement, and overall satisfaction. TMA’s strategy is to offer customers all tools to optimally position employees for long-term success. Talent management is one piece of this puzzle and employee experience is another key piece. Customers worldwide rely on both TMA and DecisionWise software solutions. Together, the combined solutions are used in 75 countries and continue to experience strong annual software growth of over 20%.

TMA maintains a global customer base but will be able to better serve North America and specifically United States-based customers.

– Charly Zwemstra, Managing Partner & CEO at Main

Charly Zwemstra, Managing Partner & CEO at Main, “We are very pleased to announce this major strategic step for TMA in becoming a global talent management player. Talent management remains a top priority for employers who face daily talent-related challenges. Talent retention post-identification is also crucial for organizations, and Employee Experience plays an important role in achieving this objective. This combination allows TMA to not only expand its product offering, but also its geographical coverage. TMA maintains a global customer base but will be able to better serve North America and specifically United States-based customers while also providing a more extensive product offering to customers based in Europe and across the rest of the world.”

Bastian Müller, CEO of TMA, said, “We are thrilled to join forces with DecisionWise, and we see an excellent cultural and product fit that we’re excited to continue developing through the next stages of our growth. We fundamentally believe that happy employees create and drive performing organizations. In order to track employee happiness, employee experience is key and DecisionWise’s software perfectly serves those needs.”

Matthew Wride, CEO at DecisionWise, concluded, “We are looking forward to this new chapter for DecisionWise. We are very excited about the strong fit between TMA and DecisionWise and we expect to better serve our customers’ needs across the areas of talent management, employee experience management, and people analytics.

About TMA

TMA is a Dutch provider of talent management software founded in 1999. The company started as a profiling theory within Human Resource Management, which they developed into an innovative software solution. The company serves more than 600 customers globally and continues its growth towards becoming one of the leading providers of cloud-based talent management solutions.

About DecisionWise

DecisionWise is an American provider of Employee Experience (EX) solutions to businesses worldwide. Founded in 1996 and headquartered in Springville, Utah, DecisionWise is a provider of employee experience surveys, employee engagement solutions, and a 360-degree feedback platform. The company serves over 450 clients across +70 countries.

Nothing contained in this Press Release is intended to project, predict, gu

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Rentsync Raises Significant Growth Investment Led by Silversmith Capital Partners

Rentsync, a leading software and data company serving Canada’s rental housing industry, today announced it has raised a significant growth investment led by Silversmith Capital Partners. The partnership with Silversmith will enable the company to further invest in technology, expand its team, and pursue strategic acquisitions as it builds a comprehensive platform of data, software, and analytics to address the challenges of Canada’s rental housing ecosystem.

With a consistent track record of strong growth and profitability, Rentsync serves thousands of customers across Canada, including REITs, property management companies, and property developers. The company offers a range of innovative products and services designed to empower owners and landlords to streamline workflows, engage tenants, and maximize property potential.

“We are thrilled to partner with the team at Silversmith, who bring not only deep sector and operational expertise but also a successful history of backing Canadian growth companies,” said Max Steinman, CEO of Rentsync. “Silversmith’s commitment to building category-leading businesses aligns perfectly with our long-term vision to simplify and optimize the rental housing experience for owners, managers, marketers, and renters alike.”

Silversmith has a long and successful history of investing in, and partnering with, Canadian software companies and entrepreneurs, having led growth investments or supported acquisitions in every major region of the country—including Calgary, Montreal, Toronto, and Vancouver. Notable investments in which Silversmith served as the first institutional investor include Absorb Software and Apryse (fka PDFTron Systems).

“As a firm, we are focused on partnering with growing, profitable businesses led by domain experts, and Rentsync embodies these attributes,” said Jim Quagliaroli, Managing Partner at Silversmith. “We’re excited to support Max and his talented team as their first institutional investor as they continue to grow both organically and through strategic acquisitions.”

“The combination of software and data via its numerous listing sites, sticky workflow software, and data and analytics offerings make Rentsync’s value proposition clear. The best is yet to come for Rentsync and its valued customers,” remarked Matthew Nash, Vice President at Silversmith.

In connection with the investment, Silversmith Senior Advisors Mike Owens, Co-Founder & former CEO of Absorb Software, and Mike Volpe, former CEO of Lola.com (acquired by Capital One) and former CMO of HubSpot (NYSE: HUBS), have joined Rentsync’s Board of Directors alongside Quagliaroli and Nash. The Board also includes CEO Max Steinman and Dan Jauernig, former CEO of Apartments.com and Cars.com (NYSE: CARS).

Stikeman Elliott and Kirkland & Ellis served as legal counsel to Silversmith Capital Partners. Software Equity Group (SEG) and Borden Ladner Gervais (BLG) served as advisors to Rentsync.

About Rentsync

Based in Toronto, Rentsync is a leading software and data company, specializing in serving the Canadian rental housing industry. Rentsync offers a range of innovative products and services designed to streamline rental property marketing, leasing, and property management. It also owns and operates the Rentals.ca Network, the leading online marketplace for rental housing in Canada. Its commitment to professionalism, innovation, and accessibility has made it a trusted leading partner for rental housing marketers, leasing agents, and renters.

About Silversmith Capital Partners

Founded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with $3.3 billion of capital under management. Silversmith’s mission is to partner with and support the best entrepreneurs in growing, profitable technology and healthcare companies. Representative investments include ActiveCampaign, Appfire, Apryse, DistroKid, impact.com, Iodine Software, LifeStance Health, Onbe, and Webflow. For more information, including a full list of portfolio investments, visit www.silversmith.com or follow the firm on LinkedIn.

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Olio Raises $11M Series B Funding to Expand Product Innovation and Market Reach

Fulcrum

Investment led by Fulcrum Equity Partners to accelerate Olio’s mission of transforming care coordination.

Published on

May 12, 2025

Olio, the leading software platform streamlining care coordination, announced today the closing of an $11 million Series B funding round. The round was led by Fulcrum Equity Partners with participation from Mutual Capital Partners (MCP), a growth equity firm specializing in scaling innovative healthcare and B2B software companies.

Philip Lewis, Partner at Fulcrum Equity Partners, states, “Olio is transforming a manual, error-prone, and unscalable discharge process. With real-time patient status across the care continuum, providers can truly drive performance.” Bill Trainor, Partner at Mutual Capital Partners, adds, “With rising demand for operational efficiencies and data-driven cost savings, we’re excited to continue partnering with Olio to improve patient outcomes and reduce readmissions and costs.”

Olio empowers payers, health systems, and physician groups to efficiently manage patient transitions across care settings: Skilled Nursing, Home Health, Behavioral Health, Long-Term Care, and more. Olio delivers improved outcomes and operational efficiencies, enabling organizations to engage their entire footprint at scale, addressing a critical need in the care continuum.

With new capital, Olio plans to expand its product offerings and accelerate go-to-market initiatives, deepening its impact on healthcare organizations nationwide.

“Olio is solving one of healthcare’s most critical challenges — connecting care across the continuum in a scalable, impactful way,” said Jill Sharp, Sr. VP of Care Delivery, Emcara Health, and Olio board member. “I’m thrilled to support a company that is not just innovating, but truly transforming how providers partner with each other for better patient care.”

“At Olio, our mission is to transform the way healthcare organizations coordinate care,” said Ben Forrest, CEO of Olio. “The continued investment from Fulcrum Equity Partners, combined with the support from Mutual Capital Partners, positions us to scale our impact and drive meaningful change across the industry.”

Olio’s growth reflects a broader shift in healthcare toward operational excellence, where seamless transitions and stakeholder alignment are paramount. With proven success stories and new strategic partnerships, Olio is poised to lead this next chapter of healthcare innovation.

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About Olio
Olio makes complex care more organized, coordinated, and effective, improving patient outcomes by requiring mutual participation in processes that work. When providers work together seamlessly and effectively, people and populations get better.

About Fulcrum Equity Partners
Fulcrum Equity Partners is an Atlanta-based growth equity firm that gives entrepreneurs the capital and hands-on support they need to take their companies further, faster. Fulcrum invests in healthcare services and B2B tech executives searching for $5 million to $35 million of equity in minority and majority growth opportunities. Fulcrum’s partners believe in building businesses the right way, meeting teams where they are, and helping them imagine a bigger and brighter future by building the right systems, processes, teams, and culture. All of that starts with the right experience, the right support, and the right relationship. Learn more at http://www.fulcrumep.com.

About Mutual Capital Partners
‍Mutual Capital Partners is a Cleveland-based venture capital fund that helps innovative healthcare startups reach their full potential. Our investment is more than just financial; we become partners and lend full support to our portfolio companies’ efforts. Learn more at https://www.mutualcapitalpartners.com/.

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TA Announces All-Cash Offer to Acquire FD Technologies, Owner of Global Real-Time Analytics Leader KX

TA associates

BOSTON, NEW YORK & LONDON – TA Associates Management, L.P. (“TA”), a leading global private equity firm, today announced that it has reached an agreement with the Board of Directors of FD Technologies PLC (“FD Technologies”) a company listed on the AIM market of the London Stock Exchange (FDP.L), on the terms of an all-cash acquisition of the entire issued and to be issued ordinary share capital of the company. The acquisition will be completed through a newly formed entity, Bidco, wholly owned by funds advised by TA.

The offer values FD Technologies at approximately £570 million, representing a premium of 27% to the closing price of £19.28 per FD Technologies Share on 6 May 2025, and a premium of 51% to the twelve-month volume-weighted average price of £16.24.

Under the terms of the acquisition, TA will acquire a majority stake in FD Technologies, with existing shareholders retaining a meaningful minority interest. The transaction marks a significant milestone for FD Technologies, following the divestiture of its consulting business in late 2024 and its transition to a pure-play enterprise software company centered on KX.

KX is a recognized global leader in time-series and real-time analytics technology, trusted by financial institutions, aerospace and defense organizations, high-tech manufacturers and other data-intensive industries. Its high-performance database and AI-ready analytics platform empower organizations to unlock the full value of their data with speed and accuracy.

“KX’s high performance data and analytics software supports fast-moving, data-intensive organizations and is foundational to the AI and analytics stacks of global enterprises,” said Ashok Reddy, CEO of KX. “TA’s strategic and operational expertise will support our mission to accelerate product innovation and deepen our impact across high-growth, high-value verticals.”

“With decades of experience investing in and scaling leading enterprise software companies, TA has developed a deep understanding of what it takes to build enduring platforms,” said Hythem El-Nazer, Co-Managing Partner of TA. “That perspective gives us a strong appreciation for the unique position KX holds in today’s fast-moving, data and AI-driven environment. We believe the company is well positioned to meet the growing demand for real-time insights and help global organizations operate at the speed of data. We’re excited to partner with Ashok and the KX team to accelerate their vision.”

This announcement should be read in conjunction with the Rule 2.7 announcement available on the London Stock Exchange RNS here.

Latham & Watkins LLP is serving as legal adviser to Bidco and TA, with Jefferies International Limited serving as financial adviser.

About KX
KX software powers the time-aware data-driven decisions that enable fast-moving companies to outpace competitors, realizing the full potential of their AI investments. The KX platform delivers transformational value by addressing data challenges related to completeness, timeliness and efficiency, ensuring companies understand change over time and can achieve faster, more accurate insights at any scale, cost-effectively. KX is valuable to the operations of the world’s top investment banks, aerospace and defense, high-tech manufacturing, healthcare and life sciences, automotive and fleet telematics organizations. The company has established offices and a robust customer base across North America, Europe, and Asia Pacific. For more information, visit: www.kx.com.

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