THE HAGUE – BB Capital Investments has taken a majority stake in VYTAL, an IT platform specialized in digital total solutions for the sports and health industry. Both parties announced this today. The company from Alphen aan den Rijn will use the investment to expand its unique market position in the Netherlands and Europe.

VYTAL supplies a complete software package to support coaches in their business processes and coaching activities. The company has been active in the growing digital health solutions market since 2019. The nutrition app managed to develop into an innovative platform with a complete offering where users and providers come together. The entire team of ten employees remains active from the head office in Alphen aan den Rijn.

Stephan Laurs, founder and CEO: “With BB Capital on board, we can roll out our strategy to become the all-in-one platform for coaches even more effectively. Our mission is to create a real vitality movement where, on the one hand, we help our users to become and remain vital, while we give our coaches all the tools to support users in this. From business administration to community and marketing support.”

Susan van Koeveringe, Managing Partner BB Capital Investments: “VYTAL has a clear focus on building a digital platform within which all activities for coaches come together. With the knowledge and drive of the VYTAL team, we are working with ambition to offer a total solution in this growing but fragmented market. We are excited to build a strong and innovative company together, both through organic growth and through multiple follow-up acquisitions in the Netherlands and abroad.”

06 March 2024 – Quilvest Capital Partners (“Quilvest”), a dedicated global mid and lower midmarket alternatives investment manager with over $7 billion in AUM, today announces its
investment in Acuiti Labs, a leading SAP consultancy specializing in optimizing the quote-to-cash
process.

Founded in 2014 by CEO Manoj Harbhajanka and headquartered in London, Acuiti Labs has
established itself as one of the largest consultancies dedicated to the quote-to-cash process, with
over 200 employees and global operations spanning North America, Europe and Asia. The
company advises large, blue-chip businesses seeking to optimize their revenue management and
billing processes through SAP Billing and Revenue Innovation Management (BRIM) solutions.
Quilvest’s investment will support Acuiti Labs’s continued global expansion strategy, including
further headcount growth and investment in technology, with a relentless focus on delivering bestin-class service, support and technology to its clients and partners.

With a global and diverse client base, Acuiti Labs delivers solutions aimed at making their
customers successful by monetizing services, minimizing revenue leakage and enhancing
financial reporting functionalities. The company derives 40% of its revenue from the U.S. market
and 55% from Europe, alongside other international regions.

Manoj Harbhajanka, CEO of Acuiti Labs, said, “We are thrilled to welcome Quilvest as our
strategic partner, poised to support our company in its next phase of growth. Leveraging their
professional expertise and extensive network, coupled with Acuiti Labs’s strong positioning and
talented management team, we are looking forward to further success.”
Benjamin Sass, Partner at Quilvest Capital Partners, said: “Acuiti Labs is at the forefront of an
enduring technology shift as companies across various industries seek to transform and optimize
their revenue models. We are honored that Quilvest Capital Partners has been selected as the
partner for Acuiti Labs’s next growth chapter, and we look forward to combining our international
reach and partnership approach with Acuiti Labs’s unique expertise and proven success in the
SAP BRIM space.”
-ENDS

About Quilvest Capital Partners
Quilvest Capital Partners is a leading global investment manager focused exclusively on the midmarket. It operates four investment strategies: Buyout; Primaries, Co-Investments and
Secondaries; Private Credit and Real Estate.
As one of the earliest pioneers in the alternative investment industry, we pride ourselves on our
rich and extensive history, with decades of experience deploying capital across multiple business
cycles and environments. We are trusted to manage over $7bn AUM for a prestigious base of
global investors, including leading pension plans, sovereign wealth funds, insurance companies, and family offices.

Our heritage dates back more than a century to 1917, managing the wealth of
our founding shareholder, the Bemberg family, which we continue to do today.
With six offices worldwide, our team is focused on identifying the global trends and themes
underpinning each investment strategy. We overlay this thematic approach with an extensive
global network of highly valued relationships, enabling us to identify and invest in the best
opportunities for our investors and partners.

Quilvest Capital Partners is committed to the highest standards of excellence. We offer best-inclass infrastructure and the professionalism of a leading global investment firm while retaining the
deeply personal, entrepreneurial, nimble approach routed in our origins.
For more information, visit www.quilvestcapitalpartners.com

About Acuiti Labs
Acuiti Labs, headquartered in London, is a global SAP consulting firm specializing in “Quote to
Cash” process transformation and optimization. As a SAP Silver Partner, we excel in delivering
business technology solutions and digital transformation by deploying SAP BRIM on S/4HANA
and cloud-based applications like Subscription Billing, CPQ and Entitlement Management.
With exceptional experience across various industries, Acuiti supports subscription and
consumption-based Target Operating Models, which is ‘Anything as a Service’ covering industries
like Public Transport, Automotive, Travel and Tourism, Ports (Airports & Seaports), Postal, Telco,
Media and Hi-Tech. Acuiti Labs prioritizes value realization and the monetization of digital assets, services and
strategies, offering end-to-end services covering Business & IT consulting, implementation,
training and managed support to our clients while keeping customer benefits at the forefront of
our efforts.

For more information, visit www.acuitilabs.com
Media contacts
Greenbrook
Tashi Lassalle / Demi Kurban / Sofia Newitt
+44 (0) 20 7952 2000
Quilvestcapital@greenbrookadvisory.com

• The investment is made in partnership with ActiveViam’s founders and management to support and accelerate continued high-growth and expansion
  
• Nordic Capital, a leading investor in banking software, will leverage its long-standing expertise and experience from accelerating digitization of the financial services industry 

• The aim is to realize ActiveViam’s potential of improving the ever-growing needs of financial institutions’ regulatory compliance and real-time monitoring — as well as deep historical analysis — of performance, risk management and financial planning

Nordic Capital announced today it has acquired a majority stake in ActiveViam to support its next phase of growth. The investment is made in close partnership with ActiveViam’s founders and management who will invest alongside Nordic Capital.

ActiveViam is a leading provider of advanced analytics and decision-making solutions for financial institutions, including risk analytics and regulatory compliance software. The technology is purpose-built, scalable and handles massive datasets in sub-seconds. Founded in 2005 by industry experts, ActiveViam understands the data analytics faced by financial institutions across trading desks, risk and compliance, and its track differentiated core technology outperforms horizontal data aggregation and analytics tools.

ActiveViam serves a wide range of financial services organizations: Tier 1 and Tier 2 banks, hedge funds, asset managers, exchanges and regulators. The Company has lined up an extensive group of technology, system integrator, go-to-market and OEM partners, including Google, Accenture, AWS, Deloitte, ClickHouse, S&P Global, Snowflake, and Wolters Kluwer.

Financial analytics is a $10.4 billion addressable market growing at 13 percent a year, according to L.E.K. Consulting. Market drivers include continuous regulatory change, a focus on automation of manual processes, and an increasing need for a unified view of data spread across the fragmented IT ecosystem typical for large financial institutions.

As an experienced investor in the banking software sector, Nordic Capital aims to leverage its extensive expertise to scale the continued high organic growth of ActiveViam, by investing in the organization, driving continued excellence in R&D and new products, and by supporting partnerships and M&A.

Emil Anderson, Partner, Nordic Capital Advisors, said: “We are impressed by the ActiveViam team and what they have achieved:  they empower financial organizations to reduce risk and increase revenue by making better decisions, faster. Forty percent of Tier 1 banks worldwide work with ActiveViam technology, and the company has an especially strong footprint in Europe and North America.  With Nordic Capital’s prior experience in banking software, network of senior advisors, and internal operations resources, Nordic Capital is well positioned to support ActiveViam in its next stage of growth. Nordic Capital is excited about partnering with the founders and management to continue the company’s remarkable growth journey.”

Kathy Perrotte, CEO and Co-Founder, ActiveViam, said, “Nordic Capital’s investment is a great opportunity for ActiveViam and great news for our clients, partners and employees. As a large and respected private equity investor, Nordic Capital deploys its significant operational expertise, strategic capabilities and inventive approach to accelerate the growth of the technology leaders it invests in.  Nordic Capital recognizes the power, speed and flexibility of the technology our team has created for our financial services clients, and we look forward to their support as we make further advancements and explore acquisition opportunities.”

Nordic Capital has over 30 years’ experience of accelerating growth of innovative technology companies and is set to leverage its deep sub-sector and operational knowledge to create value and further boost the Company’s ambitious growth plans. As a leading specialized Technology & Payments investor globally, Nordic Capital has to date made 29 technology investments in companies with an aggregate enterprise value of close to EUR 24 billion.

As part of the transaction, Guidepost Growth Equity, which first invested in ActiveViam in 2019, will sell all its shares.

Raymond James was the exclusive financial advisor to ActiveViam on this transaction, and Broadhaven acted as financial advisor to Nordic Capital.

The parties have agreed that the terms of the transaction will not be disclosed. The transaction was completed on February 27, 2024.

About ActiveViam

ActiveViam is a pure player specializing in risk data analytics for the financial services sector, one of the fastest moving and most regulated industries. The Company has approximately 160 employees across offices in New York, London, Singapore, Sydney, Hong Kong, Paris and Frankfurt.  ActiveViam has pioneered the use of high-performance analytics in finance, helping the largest investment banks, asset managers and hedge funds make better decisions, explain results with confidence, and simulate the impact of their decisions. ActiveViam’s mission is to deliver train-of-thought analysis on terabytes of data in the most cost-effective way so its customers can explain their results with confidence and model the scenarios that will optimize their business. For more information please visit: www.activeviam.com.

About Nordic Capital

Nordic Capital is a leading sector-specialist private equity investor 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 long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested EUR 23 billion in 140 investments. The most recent entities are Nordic Capital XI with EUR 9.0 billion in committed capital and Nordic Capital Evolution with EUR 1.2 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, Norway, and South Korea. For further information about Nordic Capital, please visit www.nordiccapital.com.

“Nordic Capital” refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures, and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital’s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors.”

Media contacts:

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

US media contact – Brunswick Group
NordicCapital@brunswickgroup.com

ActiveViam
Erica Fidel
Vice President, Marketing
Tel: +1 646 688 4442
e-mail: efi@activeviam.com

Hilary Condit
Communications Consultant
Tel: +1 914 886 5027
hco@ext.activeviam.com

Qics, a leading Dutch provider of professional services automation (PSA), announces the acquisition of ProjectFlow, a Danish software provider for Project and Portfolio Management (PPM).

We are excited about the opportunities this collaboration brings and look forward to the growth and success it will unlock.

– Ivo van Deudekom, Investment Director at Main Capital Partners

NEW YORK, Feb. 20, 2024 – DocuPhase LLC (“DocuPhase” or “the Company”), a provider of accounting and finance process automation software, announces a majority investment from Aquiline Capital Partners LP (“Aquiline”), a private investment specialist in financial services and related technologies, and Level Equity, a private investment firm focused on high growth software businesses.

Based in Tampa, Florida, DocuPhase provides software solutions to over 1,200 customers that enable finance teams to streamline invoicing and payment procedures, saving time, reducing errors, and lowering costs. The Company provides core software solutions across accounts payable automation, accounts receivable automation, and document management.

The investment from Aquiline and Level Equity will allow DocuPhase to continue to drive strong organic growth, expand its product suite, improve its offering through investment in product innovation, and grow its recently launched vendor payments solution to better serve its customer base.

Dan Gaertner, CEO of DocuPhase said: “This investment in DocuPhase marks a significant milestone in our company. The infusion of capital validates our product’s strength and potential while empowering us to accelerate our growth and expand our reach. I’m genuinely excited for our employees and our customers; having the combined support of Aquiline and Level Equity is a game changer for DocuPhase. We are poised to continue innovating and delivering exceptional value to our customers and creating additional career growth opportunities for our employees.”

Joe Pappalardo, a Partner at Aquiline, commented: “In an increasingly digital world, it is imperative for finance departments to drive efficiencies through automation and adoption of best of breed software. DocuPhase’s broad and robust suite of solutions drives real ROI for their customers, and has helped drive the Company’s strong growth and retention. Aquiline is thrilled to partner with Dan and the DocuPhase team to execute our collective vision for the business.”

Ben Levin, Co-Founder and CEO of Level Equity, commented: “Level is excited to make another investment focused on the office of the CFO where we see consistent and continued product innovation driving real business value. Dan and his team have demonstrated the powerful ability to innovate and expand the product suite while simultaneously accelerating growth and profitability.”

Leonis Partners served as the exclusive financial advisor to DocuPhase in the transaction.

Enables seamless data compliance and on-demand data access to support critical secondary use cases

MINNEAPOLIS, FEB 14, 2024 – Perforce Software (“Perforce”), a provider of solutions to enterprise teams requiring productivity, visibility, and scale along the development lifecycle that is backed by Francisco Partners and Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), announced today that it has signed a definitive agreement to acquire Delphix (or the “Company”). Delphix’s industry-leading Data Management software platform enables scalable automation, governance, and compliance of enterprise data throughout the application lifecycle. Financial terms of the transaction were not disclosed.

“The addition of Delphix to our portfolio adds critical data management capabilities that help enterprise organizations realize an automated and accelerated DevOps pipeline,” said Jim Cassens, CEO of Perforce. “In addition to data automation and compliance, we are also excited to provide our customers with the operational efficiencies and reduced costs afforded by the Delphix platform through lower storage expenditures and footprint. We look forward to working with the Delphix team to continue delivering data management innovation to our customers.”

Many enterprise organizations today consider data to be one of their most important assets. The ability to harness, mine and analyze data generated daily is critical to making thoughtful decisions and creating competitive advantages. Delphix supports customers as they look to scale data usage for analytics and testing purposes, while releasing applications up to 200% faster. The Company’s capabilities in data virtualization and data masking allow organizations to more easily spin up, refresh, and tear down private and public cloud-based data environments, enhancing application delivery pipelines.

“We founded Delphix over 15 years ago to help companies automate data and accelerate digital transformation. Today, we enable data governance, compliance, and automation across the multicloud for many of the world’s biggest brands,” said Jedidiah Yueh, CEO of Delphix. “As part of Perforce, we will be positioned to continue innovating and help more customers realize the strategic power of our data platform.”

The addition of Delphix builds on Perforce’s existing infrastructure automation offering through acceleration of on-demand delivery, self-service test environments, and continuous testing offerings to deliver Shift Left testing with accurate, compliant, and timely test data. With this acquisition, Perforce continues to demonstrate its commitment to provide customers with scaled DevOps solutions that help solve the world’s largest enterprises’ automation challenges.

“This strategic acquisition positions Perforce to harness the growing demand for enterprise- scale data management in testing, AI modeling, and analytics,” said Evan Daar, Partner at Francisco Partners, and Sean Courtney, Senior Vice President at Clearlake. “The addition of Delphix further enhances the capabilities Perforce can offer to its valued customers, and we look forward to catalyzing this opportunity to drive continued momentum for the platform.”

The acquisition is subject to customary closing conditions and is expected to close in the second quarter of 2024. Centerview Partners acted as exclusive financial adviser to Delphix in connection with the transaction.

About Delphix

Delphix is a leading vendor of test data management software. Delphix’s solutions allow companies to automate data security measures, rapidly deploy test data to developers, and shorten application development cycles. More than 30% of the Fortune 100 companies have transformed their application development with Delphix. To learn more about Delphix and its product offering, visit www.delphix.com

About Perforce

Perforce powers innovation at scale. Perforce solutions future-proof competitive advantage by driving quality, security, compliance, collaboration, and speed – across the technology lifecycle. We bring deep domain and vertical expertise to every customer, so nothing stands in the way of success. Privately held and funded by Clearlake and Francisco Partners, our global footprint spans more than 80 countries and includes over 75% of the Fortune 100. Perforce is trusted by the world’s leading brands to deliver solutions to even the toughest challenges. Accelerate technology delivery, with no shortcuts. Get the Power of Perforce.

About Francisco Partners

Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch nearly 25 years ago, Francisco Partners has invested in more than 400 technology companies, making it one of the most active and longstanding investors in the technology industry. With approximately $45 billion in capital raised to date, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.franciscopartners.com.

About Clearlake

Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.^® The firm’s core target sectors are technology, industrials, and consumer. Clearlake currently has over $75 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland, and Singapore. More information is available at www.clearlake.com

Media Contacts

PERFORCE

Maxine Ambrose

Ambrose Communications

perforcepr@ambrosecomms.com

FRANCISCO PARTNERS

Whit Clay / Sarah Braunstein

Sloane & Company

wclay@sloanepr.com / sbraunstein@sloanepr.com

CLEARLAKE

Jennifer Hurson

Lambert

jhurson@lambert.com

FPE Capital LLP (‘FPE’), the specialist software & services focused lower mid-market growth investor, announces that their portfolio company Egress Group (‘Egress’) has acquired Stalis, specialists in healthcare data migration and archiving. Together, the two companies will offer a unique proposition to the healthcare sector – providing comprehensive end-to-end data management services and solutions.

Egress was FPE’s first investment from FPE Fund III, the firm’s third specialist software and services fund, the successful final close of which was announced in May 2022 at a raised hard cap of £185m. FPE’s investment in Egress was focused on leading the expansion of the management team and helping to accelerate growth within the sizeable and expanding UK market.

The acquisition brings together renowned providers in their respective data management fields, combining more than half a century’s experience working on large-scale, complex, multi-system change programmes. Stalis, 100% focused on healthcare since its inception in 1984, is best known as a leading supplier of data migration and data quality expertise, as well as archiving solutions, in this sector. This is complemented by Egress’s proven track record successfully delivering multiple healthcare system integration and interoperability programmes.

Llewellyn John, Partner at FPEWe are delighted to be welcoming Stalis into the Egress Group and are very excited about the synergy between the two organisations. The combined team represents the leading healthcare data management experts, with longstanding expertise across all major EPR vendors and systems and are both committed to advancing innovation in the healthcare sector by delivering unmatched end-to-end data management.

Joe Rooke, CEO of Egress GroupThe opportunity presented by combining the experience and track record of both Egress and Stalis is really special. Together, we can offer healthcare organisations true, end-to-end data management expertise, which is a unique proposition. Approaching all the data objectives of those organisations with one vision will be incredibly beneficial and, together, we can deliver that.

Kate, and the Stalis team, are a natural complement to our own organisation and staff. We share common values and company cultures, with like-minded individuals all passionate about what they do and the industries we work with.

Kate Bryan, Managing Director at StalisThis is an incredibly exciting next chapter for Stalis, which we believe will offer significant opportunities and very real benefits for our customers and also for all of our employees.

When we met Joe and the Egress team, it was obvious we all shared the same commitment to the healthcare sector, really wanting to make a difference to providers, their teams and, ultimately, the people they care for.

The NHS faces many challenges and data is one of the keys to unlocking real service transformation and innovation in care delivery. But those decisions and changes are only going to be as good as the data they are based upon. As a team, we understand this and will continue to support healthcare organisations to achieve complete data confidence throughout what are complex and challenging system change programmes.

Stalis will continue to operate as Stalis, with a complete focus on healthcare. No organisational changes are planned and all the senior leadership team, including Kate Bryan as MD, are remaining in post.

The transaction was led by Llewellyn John, Connor Trendell, Harriet Hunt and Harry Gill from FPE. Egress were advised on the transaction by Stephenson Harwood (Legal), Cortus Transaction Services (Financial), Tax Advisory Partnership (Tax) and Graph Strategy (Commercial). Headpoint Advisers advised the shareholders of Stalis.