• Combination will create a Pan-European Digital Transaction Management software platform with leading positions across Italy, Spain, France, and Germany.

Senigallia, Paris, and Barcelona – July 1, 2025 – Namirial and Signaturit, both leading European providers of Digital Transaction Management (“DTM”) software solutions backed by Bain Capital and PSG Equity (“PSG”) respectively, have today entered exclusive negotiations for Signaturit to join the Namirial Group. Through this transaction, which remains subject to customary regulatory approvals and employee representative consultation, PSG will exit its investment through its PSG Europe I fund and, alongside Signaturit management, will reinvest in the combined platform as a significant minority partner alongside Namirial’s shareholders Bain Capital, Ambienta and Namirial’s founder and management.

The combination of Namirial and Signaturit will create a leading Pan-European DTM provider with a leading position across Italy, Spain, France, and Germany with  ~1,400 employees and serving ~240,000 customers worldwide. The newly combined group would stand to benefit from significant structural tailwinds from the continuous digitization of business operations and increasingly robust European compliance and security standards and requirements. Finally, the highly adjacent product offerings of both companies will enable the combined group to further broaden the range of solutions offered to the combined customer base.

Founded in 2013 in Spain, and backed by PSG since 2020, Signaturit is one of the leading providers of cloud-based DTM services in Southern Europe, offering solutions across digital identity management, Digital Signature, KYC & fraud prevention, and eID wallet. Its platform provides end-to-end SaaS-based DTM solutions to customers in more than 40 countries. Since its initial investment in 2020, PSG has supported Signaturit’s continued growth and international expansion, both organically and inorganically. Over the past five years, Signaturit has grown its Annual Recurring Revenue by over >10x, developing from a single product provider in Spain to a leading DTM and trust services software provider across Southern Europe.

Namirial, which Bain Capital announced it was acquiring from Ambienta in March 2025 (closing expected in July 2025), is a leading provider of digital transaction management software solutions. Founded in Italy in 2000, Namirial is renowned and trusted by customers for its comprehensive suite of digital solutions that include e-signature workflows, onboarding and digital identity orchestration, digital trust technologies, and qualified electronic archiving for Enterprises, SMEs and Professionals. The company has successfully expanded its product offerings and geographic presence through both organic growth and strategic acquisitions, with a strong core presence in Italy and growing international reach across Europe and presence across 85 countries worldwide.

Max Pellegrini, CEO of the Namirial Group, said: “Businesses are operating in an increasingly digital environment, where stringent security and compliance standards are the norm. Digital Transaction Management software solutions have become essential for meeting these requirements. As demand continues to grow for secure, seamless, and cross-border digital processes, our combined expertise, advanced technology, and broad customer reach will allow us to support international organizations operating across multiple countries. We are extremely pleased to welcome Pierre and the whole Signaturit team to Namirial and look forward to partnering with them and our shareholders to drive growth in the next years.”

Pierre Feligioni, CEO of Signaturit, added: “Together, we have a significant opportunity to drive innovation, expand into key international geographies, and deliver even greater value to our customers. We’re confident that our combined strengths will shape the future of Digital Transaction Management across Europe and beyond. I am pleased to join the ambitious project of the Group and partner with Max and the whole team to develop the business into the leading DTM platform in the next years.”

Enrico Giacomelli, Founder of Namirial, said: “We are proud that Namirial and Signaturit are joining forces to create a leading DTM software platform in Europe. This transaction represents an important step in the international development of Namirial and it would not be possible without the incredible commitment and motivation of the Namirial and Signaturit teams. We are excited about what the future holds for us. As I always like to say: #TheBestIsYetToCome.”
Dany Rammal, Managing Director and Head of Europe at PSG Equity, said: “Over the past five years, we’ve been proud to partner with Signaturit’s talented management team on its impressive growth journey, including scaling the business to become a European leader in the space. The combination of Signaturit and Namirial represents a transformative step forward. We are excited to continue supporting the combined business alongside Bain Capital, Ambienta and Namirial’s founder and management as it enters its next chapter of growth.”

Giovanni Camera, a Partner at Bain Capital, added: “This strategic combination between Namirial and Signaturit builds on our commitment to invest in innovative solutions that drive digital transformation across Europe. Namirial has consistently demonstrated its capacity to grow and innovate within the Digital Transaction Management software sector, both organically and via strategic transactions. By joining forces with Signaturit, we are poised to create a Pan-European leader that is well-equipped to capture emerging opportunities in this growthful sector. We are excited to partner with the combined team to accelerate their trajectory and solidify their position as a European leader in DTM.”

Giancarlo Beraudo, a Partner at Ambienta SGR, added: “This milestone marks another significant step in Namirial’s expansion. We are proud to continue backing a company that is shaping the future of Digital Transaction Management and strengthening its position in this dynamic market.”

About Namirial
Namirial supports customers in their digital transformation journey by providing software solutions for trusted digital transaction management. Namirial digital trust products encompass solutions for customer onboarding, agreement automation, e-signature workflow orchestration, digital identification, certified communications, long-term qualified archiving, and electronic invoicing. Founded in 2000 in Italy, Namirial is operating today in over 85 countries, employing approximately 1000 people. Together with its international network of over 1,000 strategic partners, Namirial serves thousands of customers worldwide, processing several million transactions every day. Namirial is accredited as a qualified trust service provider under EU Regulation 910/2014 eIDAS and is actively engaging in the evolution of the EU Digital Identity Framework and new trust services as defined in EU Regulation 2024/1183. To learn more, visit www.namirial.com and follow @Namirial on LinkedIn.

About Signaturit
Signaturit is a Qualified Trust Service Provider that offers a broad range of cloud-based solutions in the field of Digital Transaction Management including digital identity management, Digital Signature, KYC & fraud prevention, and eID wallet to digitize transactions between companies and individuals, securely and with legal compliance. Founded in 2013, the company serves over 90,000 customers in more than 40 countries. Signaturit’s Trust Services seek to optimize secure, compliant and user-friendly digital transactions and to reduce paper consumption, thereby improving and streamlining business processes for their customers. For more information on Signaturit, please visit www.signaturit.com/en.

About Bain Capital
Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. Our Special Situations team focuses on capital solutions opportunities that provide companies flexible capital that meets their specific needs, coupled with deep operational, strategic and financial value-add capabilities. We have 24 offices on four continents, more than 1,850 employees, and approximately $185 billion in assets under management. To learn more, visit www.baincapital.com. Follow @Bain Capital on LinkedIn and X (Twitter).

About PSG Equity
PSG is a growth equity firm that partners with software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities, and build strong teams. Having backed more than 150 companies and facilitated over 520 add-on acquisitions, PSG brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams. Founded in 2014, PSG operates out of offices in Boston, Kansas City, London, Paris, Madrid, and Tel Aviv. To learn more about PSG, visit www.psgequity.com.

About Ambienta
Ambienta is a European investment manager pioneering sustainable investing in environmental champions across private equity, public markets, and private credit. With offices in Milan, London, Paris, and Munich, Ambienta manages over €4bn in assets and is backed by a global and growing investor base. The firm invests in companies driven by environmental megatrends and whose products or services improve Resource Efficiency or Pollution Control. Its science-driven approach identifies environmental champions of the real economy – businesses that deliver strong financial returns while generating measurable positive environmental impact.  An industry pioneer, Ambienta was one of the first UN PRI signatories in 2012 and attained B-Corp status in 2019. In 2020, Ambienta became IIGCC member and in 2023 committed to the Science-Based Targets initiative (SBTi). www.ambientasgr.com

Gimv and other financial investors sell their stake in Itineris to Cobepa. Founder and CEO Edgard Vermeersch remains significantly invested in the company. Together with Cobepa, the management team intends to continue Itineris’ growth, internationalization and innovation journey.

Founded in 2003 by entrepreneur Edgard Vermeersch, Itineris develops innovative software solutions that allow energy and water utilities to reach operational efficiency, achieve their environmental goals, and improve the relationship with, and experience of, their end customers. The company currently employs around 550 people in Europe and the United States and is expected to realize a turnover of more than 100mio EUR in 2025.

Since Gimv’s investment in 2013, Itineris has experienced sustained growth in its home region of Benelux and successfully expanded into the US and UK markets. Several large US cities currently use Itineris software to optimize the management of utility services, including New York, Dallas, Baltimore, Dakota, Georgetown, and Boston. In 2021, Itineris acquired Opinum, a Belgian software company that develops a data platform for energy and water utilities. This acquisition allowed Itineris to enhance its ability to support utilities in the energy transition by leveraging the untapped potential of their data.

Ruben Monballieu, Partner Sustainable Cities, declares: “Itineris has grown into a leading international technology player that contributes to the more efficient operation of utility companies. This is the result of a unique combination of Edgard’s vision and entrepreneurship, a talented team fully committed to innovation and technology, and a diverse and strong local professional shareholder base. We are proud of the impressive growth and successful internationalization that Itineris has achieved and the active contribution we have been able to provide with Gimv Sustainable Cities.”

Edgard Vermeersch, CEO & Founder of Itineris, declares: “Our unwavering commitment to customer satisfaction and long-term strategic partnerships with our customers has positioned us uniquely within the industry. The trust our customers place in us has fostered a very strong, loyal and vibrant community on both sides of the Atlantic. It is my ambition to continue building on this legacy. I would like to express my sincere gratitude to Gimv and our other former institutional investors for their trust and partnership over the years. Their support has been instrumental in bringing Itineris to where it stands today.”

Since joining this scale-up in 2013 and making subsequent investments, Gimv is able to generate significant realised value, aligning with its target return. This transaction has a positive impact on Gimv’s net asset value as of 31 March 2025 by slightly less than EUR 1 per share. No further financial details are being disclosed.

COLUMBUS, Ohio – June 10, 2025 – ARCOS® LLC, the leading field operations and workforce management solution provider for utilities and critical infrastructure industries, today announced a new strategic growth investment from Bain Capital. The partnership will support a variety of growth and product innovation initiatives across the business. Terms of the private transaction were not disclosed.

ARCOS is the only field workforce management system designed for utilities that integrates data from disparate systems of record to provide field workers and central operations real-time situational awareness, enabling them to safely and efficiently perform the full spectrum of field operations to manage both planned and unplanned field operations.  ARCOS’ AI-enabled software solutions are leveraged by customers from Fortune 150 energy companies to municipal utilities to power and transform their field management operations.

“Now more than ever utilities face increased strain on their grids as they address rising energy demands, climate change impacts, the integration of renewable energy sources and the replacement of aging infrastructure,” said Paul Bernard, CEO of ARCOS. “We are excited to continue to drive the digital transformation of the utility industry with our expanding suite of AI-powered, modern and mission-critical field operation solutions.” ARCOS’ recent acquisition of Clearion expands its capabilities into adjacent areas such as vegetation and asset management, strengthening its position as the most comprehensive field operations and workforce management platform for utilities. The partnership with Bain Capital will support continued investment in key products like Mobile Workbench, enhancing field crew productivity, while also enabling continued inorganic growth to further expand ARCOS’ platform capabilities.

“ARCOS provides an essential platform for modernizing how utilities respond to increasingly complex operational demands — from extreme weather to grid modernization and workforce constraints,” said Matt Evans, Partner at Bain Capital. “We are thrilled to partner with Vista and the ARCOS team to further accelerate innovation and build on the Company’s clear leadership in field operations technology during this next phase of growth. This investment is designed to provide a flexible capital solution to support ARCOS in further scaling its mission-critical impact.”

“ARCOS has established itself as a vital technology platform for the utilities and critical infrastructure industries by providing easy-to-use digital tools that help organize, automate and optimize their customers’ complex and variable field service operations,” said Martin Taylor, Co-Head of Vista’s Foundation Fund and Senior Managing Director. “We look forward to building on this momentum with Bain Capital and further strengthening ARCOS’ commitment to product and operational excellence.”

About ARCOS LLC
ARCOS provides innovative field workforce management solutions that help utilities and other critical infrastructure industries manage people, work, and assets in a single platform. ARCOS enables utilities to quickly mobilize personnel for blue and grey sky work, manage native and non-native crews in a single system, and accelerate operations with field mobility tools that deliver real-time situational awareness and significant productivity improvements. More than 200 utilities rely on ARCOS to advance safety, reduce field costs, and improve response times and customer satisfaction. To learn more, visit https://www.arcos-inc.com. Follow @ARCOS on LinkedIn.

About Bain Capital
Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. Our Special Situations team focuses on capital solutions opportunities that provide companies flexible capital that meets their specific needs, coupled with deep operational, strategic and financial value-add capabilities. We have 24 offices on four continents, more than 1,850 employees, and approximately $185 billion in assets under management. To learn more, visit www.BainCapital.com. Follow @Bain Capital on LinkedIn and X (Twitter).

About Vista Equity Partners
Vista is a global technology investor that specializes in enterprise software. Vista’s private market strategies seek to deliver differentiated returns through a proprietary and systematic approach to value creation developed and refined over the course of 25 years and 600+ transactions. Today, Vista manages a diversified portfolio of software companies that provide mission-critical solutions to millions of customers around the world. As of December 31, 2024, Vista had more than $100 billion in assets under management. Further information is available at vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity Partners, and on X, @Vista_Equity.

London, UK & Menlo Park, CA – June 3, 2025 — CareLineLive, an all-in-one home care management software company, has secured a majority investment from technology-focused investment firm Accel-KKR, to spur accelerated growth, expansion and product development.

Founded in 2014 by entrepreneur Josh Hough, CareLineLive provides an all-in-one cloud-based platform for homecare agencies, integrating staff scheduling, client visits, patient records and invoicing. The company currently supports hundreds of care providers across seven countries.

Across many parts of the world, the home healthcare market continues to grow. For example, the UK’s home and domiciliary care market is worth £11.5 billion, according to insurance broker PolicyBee. The Australian home healthcare market is projected to reach USD 25.7 billion by 2030, whereas the U.S. home care providers market is valued at approximately $153.7 billion in 2025.

Hough said the investment would help accelerate the company’s growth and international reach. “Our vision has always been to make homecare better for everyone through the use of technology – for providers, carers and clients,” he said.

“This investment helps bring that future closer. Accel-KKR’s long track record of helping software companies grow is what I am most excited about. Their experience and resources will help us to grow our team, enhance our product, and deliver even more value to our customers.”

A portion of the funding will be used to establish a customer support presence in Australia, enabling round-the-clock service. “As our UK team finishes for the day, the Australia team will begin – meaning we’ll be able to support customers at any time of day,” Hough added.

The full transaction value has not been disclosed, but the investment also facilitates an exit for early backers Oakglen and Haatch. Hough also paid tribute to the outgoing investors: “We’re incredibly proud of the progress we’ve made over the last decade and I’d very much like to thank both Oakglen and Haatch for their support. This marks an exciting new chapter with Accel-KKR.”

Accel-KKR, which specialises in investing in enterprise software and tech-enabled businesses, cited CareLineLive’s technology and customer-centric ethos as among the key drivers behind its decision to invest in CareLineLive.

Maurice Hernandez, Managing Director at Accel-KKR, said, “No matter where they serve, home care providers want to focus on delivering responsive, respectful and personalized care. Technology can help carers and agencies improve efficiencies, maintain compliance and grow while being focused on their clients’ wellbeing. We’re excited to back CareLineLive and help Josh and his team continue to build market-leading solutions in this category.”

Hough said he and the senior management team will be remaining with the company for the foreseeable future.  “There’s a long-term plan in place, but it’s very much business as usual,” Hough added.

About CareLineLive
Founded in 2014, CareLineLive provides an all-in-one cloud-based platform for homecare agencies, integrating staff scheduling, client visits, patient records and invoicing. The company currently supports hundreds of care providers across seven countries. CareLineLive is one of the few companies to meet the NHS requirements to be on the approved supplier list for Digital Social Care Records. It also integrates with GP Connect, enabling access to GP records.

About Accel-KKR
Accel-KKR is a technology-focused investment firm with $21 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for top-line and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its partner companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across various transaction types, including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR’s headquarters is in Menlo Park, with offices in Atlanta, Chicago, London, and Mexico City. For more, visit accel-kkr.com.

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.

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

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

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