London, Oct 16 2025 – Hg, a leading investor in European and transatlantic software and services businesses, today announced it has agreed the sale of GTreasury, a global leader in adaptable treasury solutions for the Office of the CFO, for a total transaction value of over $1 billion.

GTreasury will be acquired by Ripple, a leading provider of digital asset infrastructure for the enterprise. As a result of this transaction, Hg will fully exit the business, alongside minority investor, Mainsail Partners.

GTreasury provides financial leaders with a comprehensive platform to manage every stage of treasury complexity, covering liquidity management, cash forecasting, payments, netting, and risk. Hg invested in 2023 recognising that these were becoming increasingly critical and strategic products within the Office of the CFO.

The company has scaled significantly with Hg’s support, expanding its transatlantic footprint and accelerating product innovation. This includes the launch of GSmart AI, which augments GTreasury’s platform with agentic capabilities that reduce manual effort, proactively identify risks and variances, and recommend strategic actions for finance leaders.

GTreasury now powers trillions of dollars in annual payment volumes and serves more than 1,000 customers across 160 countries.

Goldman Sachs & Co. LLC is serving as exclusive financial advisor to GTreasury; Morrison & Foerster LLP is serving as legal counsel to GTreasury. EY-Parthenon is also serving as an advisor to GTreasury.

For further information, please contact:

Hg
Tom Eckersley, tom.eckersley@hgcapital.com
Sam Ferris, sam.ferris@hgcapital.com

GTreasury
Travis Arthur, tarthur@gtreasury.com

Mainsail Partners
Kristy DelMuto, kristy@mainsailpartners.com

About Hg

Hg is a leading investor in European and transatlantic software and services businesses. We help to build sector-leading enterprises that supply critical software applications or workflow services to deliver intelligent automation for their customers.

We take an active approach to value creation, combining deep end-market knowledge with world class operational resources to provide compelling support to entrepreneurial leaders looking to scale enduring businesses.

With a vast European network and strong presence across North America, Hg has approximately $100 billion in assets under management and more than 400 employees. Our portfolio spans more than 50 companies worth over $180 billion in aggregate enterprise value, employing more than 125,000 people and consistently growing revenues at more than 20% annually.

About GTreasury

GTreasury provides CFOs and Treasurers with The Clarity to Act on strategic financial decisions with the world’s most adaptable treasury platform, empowering them to face the challenges of today and tomorrow. Because each company faces different points of complexity and needs, our industry-leading solutions are purposefully designed, and amplified by GSmart AI, to support every stage of treasury complexity, from Liquidity Management and Cash Forecasting to Payments, Risk, and Netting. With GTreasury, financial leaders gain comprehensive connectivity across all banks and ERPs to build an orchestrated data environment, enabling rapid value realization with implementations up and running in weeks. Plus, our unmatched industry expertise ensures clients’ continued success through dedicated guidance and top-tier support. Trusted by over 1,000 customers across 160 countries, GTreasury provides treasury and finance teams with the ability to connect, compile, and manage mission-critical data to optimize cash flows and capital structures.

About Mainsail Partners:

Mainsail Partners is a growth equity firm that invests in bootstrapped B2B software companies to help them grow into market leaders. Our team is purpose-built to include experienced investors and software operators who help founders build great teams, develop industry-leading products, design data-driven and scalable infrastructure, harness the power of AI to drive productivity and innovation, and grow market share. Mainsail’s hands-on support and best practices are delivered through a collaborative approach that respects founder-led cultures and helps build on each company’s commitment to its people and customers. With offices in Austin and San Francisco, Mainsail Partners has raised nearly $4 billion in committed capital and partnered with 100+ companies over the last 22+ years. For more information, visit www.mainsailpartners.com.

LONDON, October 16, 2025 – Hg, a leading investor in European and transatlantic software and services businesses, today announced it has agreed the sale of GTreasury, a global leader in adaptable treasury solutions for the Office of the CFO, for a total transaction value of over $1 billion.

GTreasury will be acquired by Ripple, a leading provider of digital asset infrastructure for the enterprise. As a result of this transaction, Hg will fully exit the business, alongside minority investor, Mainsail Partners.

GTreasury provides financial leaders with a comprehensive platform to manage every stage of treasury complexity, covering liquidity management, cash forecasting, payments, netting, and risk. Hg invested in 2023 recognising that these were becoming increasingly critical and strategic products within the Office of the CFO.

The company has scaled significantly with Hg’s support, expanding its transatlantic footprint and accelerating product innovation. This includes the launch of GSmart AI, which augments GTreasury’s platform with agentic capabilities that reduce manual effort, proactively identify risks and variances, and recommend strategic actions for finance leaders.

GTreasury now powers trillions of dollars in annual payment volumes and serves more than 1,000 customers across 160 countries.

Renaat Ver Eecke, CEO, GTreasury, said: “Joining Ripple is hugely exciting and will further accelerate our vision of smart, adaptable solutions that provide financial leaders with the clarity to act. I am also immensely grateful for Hg’s support over the last two and a half years, whose expertise in software, AI, and Office of the CFO gave us a huge advantage while scaling, launching new products and delighting our customers. Finally, I want to thank Mainsail Partners for their steadfast support since their initial investment in 2017.

Louis Kinsella, Partner at Hg, said: “It’s been a pleasure working with Renaat and the GTreasury team over the last couple of years. The business has firmly cemented its position as the most adaptable treasury platform on the market, evidenced by its accelerating growth, increasingly transatlantic footprint, and exciting product innovations, including the recent launch of GSmart AI. I have no doubt the GTreasury team will continue to thrive in this exciting new chapter.”

Goldman Sachs & Co. LLC is serving as exclusive financial advisor to GTreasury; Morrison & Foerster LLP is serving as legal counsel to GTreasury. EY-Parthenon is also serving as an advisor to GTreasury.

Wednesday October 15, 2025

Sydney, Australia and Menlo Park, CA – Phocas Software, a leading Business Intelligence and Financial Planning & Analysis (BI and FP&A) platform for the middle-market, and Accel-KKR, a technology-focused investment firm, today announced that Accel-KKR has made a majority equity investment in the company. Terms of the transaction were not disclosed.

Designed for manufacturing, distribution and retail businesses, Phocas connects to industry ERPs and consolidates data sources into a single platform, giving teams fast, accurate insights for planning, analysis and company-wide decision-making. In 2024, BARC the planning survey, recognized Phocas as a global leader in product innovation in both the BI and FP&A and middle-market categories.

With the Accel-KKR investment, the Phocas team is accelerating its global market expansions by investing in product development, customer success and partner services teams. In addition, Phocas is delivering on key product innovation initiatives, including integrated AI features that address the specific challenges of its customers.

Myles Glashier, co-founder and CEO of Phocas, said, “Accel-KKR’s support gives us the resources and expertise to deliver even greater value to mid-market companies, helping them use data more effectively to drive growth. It’s an exciting next chapter as we fast-track our plans and build on the trust we’ve earned with our customers.”

Dean Jacobson, Managing Director at Accel-KKR, said, “Middle-market businesses, like their larger peers, are seeking more efficient ways to work and Phocas’ purpose-built software platform provides them with new levels of visibility and control. Importantly, Phocas delivers mission-critical software with pre-built workflows tailored to the unique needs of different functional groups across key verticals. We are thrilled to partner with Myles Glashier and the Phocas team at this key point in the company’s growth.”

About Phocas
Every day, Phocas supports 2,800+ businesses globally to connect, understand and plan better together. Our technology is designed to help mid-market manufacturers, distributors and retailers explore data their way, so they can work smarter and more efficiently across analytics, rebates, budgets and forecasts and financial statements. An all-in-one platform for BI and financial planning and analysis connects everyone with the information they need, when they need it. We make people feel good about data. Accredited as a B Corp in 2022, Phocas is headquartered in Sydney with offices in Melbourne, Costa Mesa, Reno, Coventry and Christchurch.

About Accel-KKR
Accel-KKR is a technology-focused investment firm with $23 billion in cumulative capital raised. 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.

Zug / Copenhagen, October 14, 2025: Uniconta A/S, a leading Danish provider of a cloud-based, all-in-one accounting and Enterprise Resource Planning (ERP) system for small and medium-sized businesses, is about to accelerate its international expansion with the help of BU Bregal Unternehmerkapital (“BU”).

Funds advised by BU have acquired a majority stake in the company, including its two distributors in Germany and the Netherlands. Uniconta”s founder Erik Damgaard will remain a significant shareholder with a large equity stake and, as CTO, will continue to lead the development of Uniconta. Together, the new partners aim to further fuel Uniconta”s strong success in its home market Denmark, and to further accelerate its growth story into other European countries, with the goal to become a major player there as well.

Uniconta was founded in 2015 by IT entrepreneur Erik Damgaard and today is used in more than 45,000 companies in 67 countries. Its ERP system has been continuously adapted to master new challenges and has maintained state-of-the art status throughout its existence. As a modern, cloud-based system it tracks finances, inventory, projects, production and logistics data, as well as helping small and medium-sized businesses become more digital. The system offers a highly customizable user experience, allowing clients to display the fields, tables and screens most relevant to their use case. In 2017, Uniconta received DKK 60 million in new equity funding from Danish pension fund AkademikerPension to accelerate its growth in the Danish market.

“In Denmark, we have been very successful in rolling out our cloud-based ERP solution and have built an excellent market position”, explains Erik Damgaard. “Now it is time to enhance our footstep in countries like Germany and the Netherlands where we are already present with solutions tailored to local legislation. In BU, I have found the best partner for driving our growth in Germany and the Netherlands, while also continuing our momentum in the Danish market.”

Dr. Stephan Schmid, Partner at BU, says: “Danish firms are widely admired for their digital excellence, and innovative ERP systems like Uniconta are a big part of that success. We see great potential for the product to replace outdated systems in the market and thus help businesses to digitize in other countries as well. Together with Erik and his team, we have identified particularly strong potential in markets like Germany and the Netherlands, and we are very excited to support of Uniconta”s ambition with our deep sector knowledge, network and capital”.

About Uniconta A/S

Uniconta A/S was founded in 2015 by IT entrepreneur Erik Damgaard. The company develops and sells the cloud-based, all-in-one accounting and ERP system Uniconta, which is targeted at small and medium-sized businesses. Today, Uniconta”s solutions are used in 67 countries by more than 45,000 companies. Erik Damgaard was also a co-founder of Damgaard Data in 1984, which was sold to Microsoft in 2002 for a multi-billion DKK sum.

About BU

BU is a leading European investment firm with offices in Zug, Munich, Milan and London. With more than €7bn in Assets under Management, BU is the largest mid-cap investor headquartered in the DACH region. With the mission to be the partner of choice for entrepreneurs and family-owned businesses, BU seeks to partner with market leaders and Hidden Champions with strong management teams and breakout potential. Since its founding in 2015, the funds advised by BU have invested in more than 150 companies with more than 29,000 employees. Thereby, around 10,000 jobs have been created. BU supports entrepreneurs and families as a strategic partner to develop, internationalize, and digitize their businesses, while helping them generate sustainable value on a responsible basis with the next generation in mind.

Anchorage, AK – October 8, 2025 – Flyntlok, provider of a modern, cloud-based heavy equipment dealer management system (DMS), today announced a $36 million growth investment from Mainsail Partners, a growth equity firm investing in bootstrapped vertical SaaS companies. With this investment and the support of Mainsail AI Labs, Flyntlok will introduce new products and features to help equipment dealers drive efficiencies and uncover new revenue opportunities through AI.

In addition, Flyntlok plans to invest further in its customer success program, ensuring dealers continue to receive the hands-on guidance and service that has distinguished the company.

“Whether they like it or not, equipment dealers are in the data management business—managing millions of part numbers, thousands of models, and constantly changing pricing structures and incentives,” said Sean McLaughlin, founder and CEO of Flyntlok. “When you add in today’s tariff pressures, dealers need every advantage to drive efficiency and protect growth. We’re excited to leverage Mainsail’s deep experience in scaling vertical SaaS businesses, as well as the strategic and technical resources of Mainsail AI Labs, to bring AI and innovation to the dealer market in ways that deliver transformative value for our customers.”

Flyntlok is a specialty, cloud-based DMS purpose-built for various dealer segments including heavy equipment, heavy and medium-duty trucks and outdoor power equipment. The platform was designed and incubated by McLaughlin inside his own dealership, Craig Taylor Equipment, where he leveraged the platform to help grow revenue from $20 million to more than $105 million in 11 years.

Flyntlok helps dealers across hundreds of locations streamline mission-critical workflows such as point-of-sale, purchase and work orders, rentals, transportation scheduling, fleet and inventory planning, while also integrating in real time with QuickBooks and Sage Intacct for general ledger, AP/AR and payroll. The system supports dealers managing equipment of all sizes, from blowers, mowers, and weed trimmers to loaders, graders, excavators, and mining trucks.

“Flyntlok’s dealer-first approach was locked in from inception, as Sean’s experience building and using the platform to grow his own dealership reinforced the power of modernizing business management with intuitive, cloud-based software. Being purpose-built within its vertical, combined with deep OEM integrations and a strong reputation for customer support, sets Flyntlok apart,” said Vinay Kashyap, Partner at Mainsail Partners.

“We see tremendous opportunity to help Flyntlok accelerate innovation—particularly in bringing AI to the industry to create lasting value for dealers—and we look forward to partnering with the Flyntlok team in their growth,” said Anthony Hayes, Principal at Mainsail Partners.

At the upcoming Equip Exposition, held October 21-24 in Louisville, KY, Flyntlok will showcase some of the ways that properly implementing AI within a DMS can help dealers unlock value hidden within their own data, such as surfacing sales opportunities through the Flyntlok CRM, and streamline repetitive processes to help them run leaner, more profitable businesses.

About Flyntlok

Flyntlok is a pioneering software company that specializes in delivering cutting-edge dealer/equipment management solutions. Flyntlok’s cloud-based dealer management platform offers a comprehensive suite of tools designed to help its dealer customers manage sales, service, rental and parts inventory.

About Mainsail Partners:

Mainsail Partners is a growth equity firm that invests in bootstrapped B2B software companies to help them grow into market leaders. Our team is purpose-built to include experienced investors and software operators who help founders build great teams, develop industry-leading products, design data-driven and scalable infrastructure, harness the power of AI to drive productivity and innovation, and grow market share. Mainsail’s hands-on support and best practices are delivered through a collaborative approach that respects founder-led cultures and helps build on each company’s commitment to its people and customers. With offices in Austin and San Francisco, Mainsail Partners has raised nearly $4 billion in committed capital and partnered with 100+ companies over the last 22+ years. For more information, visit www.mainsailpartners.com.

Wrike, the intelligent work management platform, today announced a series of new AI-powered features and enterprise platform enhancements at its annual Collaborate 2025 user conference. Designed to help teams automate workflows, accelerate decision making, and connect ideation with execution, these innovations mark Wrike’s boldest step yet toward building the most intelligent and integrated system of record for work.

“Success doesn’t come from adding tools; it comes from unifying work on an intelligent platform that adapts, learns, and scales with your business,” said Thomas Scott, CEO of Wrike. “Wrike isn’t just about managing tasks; it’s about rewiring how work gets done. With AI Agents, Wrike Whiteboard powered by Klaxoon, and our new enterprise workflow solution suites, we’re helping every team move from idea to execution faster, with clarity and confidence.”

Quoreka, a leading provider of energy and commodity trading risk management (E/CTRM) solutions, today announced the launch of the Quoreka Sentiment Index (QIndex), an AI-driven commodity sentiment index designed to give market participants a real-time pulse on global sentiment. Powered by Barchart’s comprehensive news and data feeds, QIndex leverages the latest in AI and large language models (LLMs) to measure, analyse and quantify sentiment in daily news coverage and generate confidence-based sentiment scores for key commodities.

“Markets move on sentiment as much as on fundamentals. With QIndex, firms can now track how global news is influencing commodity outlooks in real time and gain a window into how today’s headlines are impacting tomorrow’s markets,” said Dan Romanelli, SVP – Global Head of Business Development of Quoreka. “By combining Quoreka’s AI-driven analytics with Barchart’s trusted market data and news, we’re giving traders, analysts and risk managers a powerful new perspective on market dynamics.”