Tag Archives: Software

AKKR Makes Majority Investment in Arbiter, Expanding Commitment to School and Athletic Operations Management

AKKR Logo

Accel-KKR today announced that it has acquired a majority stake in Arbiter, a trusted provider of athletic and school operations management software.

Menlo Park, Calif & Sandy, Utah – September 23, 2025 – Accel-KKR, a leading technology-focused investment firm, today announced that it has acquired a majority stake in Arbiter, a trusted provider of athletic and school operations management software. This strategic investment positions Arbiter for its next chapter of growth, innovation, and customer impact across the K-12 landscape. Serent Capital, which first partnered with Arbiter in 2017, will retain a minority equity position.

The transaction validates the strength of Arbiter’s platform and its potential to further scale in a market increasingly reliant on integrated, efficient, and user-friendly administrative and operational solutions.

This investment follows Accel-KKR’s investment in LeagueApps, further underscoring the firm’s commitment to the youth and sports technology ecosystem.

“Arbiter has built a strong brand over many years by delivering youth sports technology that serves the needs of schools, officials, and athletic departments,” said Dean Jacobson, Managing Director at Accel-KKR. “We believe there is significant opportunity ahead to accelerate Arbiter’s impact and reach. Our investment will support continued product innovation, expanded services, and the ability to meet the evolving needs of its customers.”

“This is an exciting milestone for Arbiter,” said Lance Felton, Partner at Serent Capital. “We’re incredibly proud of the company’s growth under our stewardship and believe Accel-KKR is the ideal partner to guide Arbiter through its next phase. With Accel-KKR’s experience and resources, we’re confident Arbiter will deepen its market leadership and continue delivering exceptional value to its customers.”

With over 40 years of experience and following the recent acquisitions of rSchool Today and BigTeams, Arbiter serves more than 3.7 million families through solutions that streamline scheduling, registration, payments, and assigning for schools and sports organizations nationwide.

Kyle Ford, Arbiter’s CEO, highlights that “With Accel-KKR’s support, we remain focused on advancing Arbiter’s mission: delivering essential software to the Athletic Directors, Coaches, Assigners, Officials, and State Associations who make youth sports possible.  In doing so, we’re proud to play a small part in supporting their work – instilling the values of sportsmanship, teamwork, and leadership that are vital to the growth and development of our young people.”

Leadership at Arbiter will remain unchanged following the investment. The company’s headquarters will stay in Sandy, Utah, and it will continue executing its strategy of simplifying school and athletic operations with leading technology and service.

About Arbiter
Arbiter is the trusted leader in school and athletic program management, supporting thousands of schools, leagues, and organizations nationwide for more than four decades. Offering solutions for scheduling, registration, payments, assigning, eligibility, facilities management, and athletic websites, it empowers schools and communities to manage activities with confidence.

Learn more at www.arbiter.io.

About Accel-KKR

Accel-KKR is a technology-focused investment firm with over $23 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for topline 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 portfolio 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, London, and Mexico City.

Learn more at www.accel-kkr.com

About Serent Capital

Serent Capital invests in founder-led, mission-driven software businesses that are primed for growth. With deep experience in education, government, and vertical SaaS, Serent partners closely with management teams to accelerate growth and innovation.

Learn more at www.serentcapital.com

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Parte secures investment from Hg to accelerate growth across Benelux and DACH regions

HG Capital

London, UK, 23 September 2025 – Parte, a leading property management software and services provider in Belgium, today announced it has secured an investment from Hg, a leading investor in European and transatlantic software and services businesses. This strategic partnership will accelerate Parte’s growth in the Benelux and DACH, with a long-term vision to become a leading supplier of residential property management across Central Europe, with satisfied customers and happy employees.

Founded in 2020 by Around Partners, Parte specialises in managing communal areas of apartment buildings for homeowner associations (also known as ‘syndics’) leveraging its proprietary software platform.

Parte handles everything from coordinating building maintenance and financial management to legal compliance and resident communications. Today, Parte manages more than 5,000 buildings across Belgium and Germany, with a total of more than 450 employees across 27 regional offices.

The investment comes as the property management sector is undergoing significant change, with increasing regulatory complexity, sustainability requirements, and resident expectations driving demand for modern, tech-enabled solutions that deliver both operational efficiency and a superior service quality.

Bram Coussement, CEO of Parte, said: “This partnership marks an exciting new chapter for Parte. We want to be the number one employer for property managers and provide superior customer service by leveraging technology. To achieve this, we continue to invest in people, training and technology. Hg will support this mission and add their experience of scaling tech-enabled services businesses, combined with their AI capabilities, which will position us perfectly to scale our platform and expand into new regions.”

Parte will benefit from Hg’s deep expertise in scaling software businesses, including its Data and AI team, which boasts more than 20 specialists, and is supported by partnerships with many of the leading players in AI.

Joris Van Gool and Bernd Tahon, Hg, said: “With rising regulatory complexity and increased sustainability requirements, there’s a clear need for a scalable, modern solution that delivers for property managers and residents. We see tremendous potential to leverage AI within Parte’s platform to create smarter property management. This frees employees from repetitive tasks so they can focus on what really matters: building relationships and solving complex challenges for customers. The opportunity is huge, and we’re excited to help the team accelerate their vision of what modern property management should look like.”

Amaury Hendrickx and David Vancoillie, Around Partners: “When we founded Parte in 2020, we believed that an expansion strategy, augmented with technology, could transform property management. Today, Parte has strong positions in Belgium and Germany. With Hg’s expertise in technology and AI, we can further execute our plans and build Parte into a leading AI-enabled property management provider across Europe.”

For further information, please contact:

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

About Parte

Parte is a leading residential property management software and services company. Parte specialises in managing communal areas of apartment buildings for homeowner associations (also known as ‘syndics’) leveraging its proprietary software platform. Since its foundation in 2020, the company has established strong market positions in Belgium and Germany through a range of acquisitions. Parte’s goal is to develop into a leading AI-enabled property management provider across Europe.

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GrowthCurve Capital Acquires PlanHub

Mainsail partners

WEST PALM BEACH, Fl., September 16, 2025 — PlanHub (“PlanHub” or the “Company”), a leading cloud-based software platform for commercial construction professionals, today announced that it has been acquired by GrowthCurve Capital (“GrowthCurve”). GrowthCurve is acquiring the business from affiliates of Mainsail Partners and other shareholders. Mainsail will continue to participate as a minority shareholder in PlanHub. Terms of the transaction were not disclosed.

PlanHub is an industry-leading preconstruction platform designed to empower construction professionals by simplifying the bidding and project management process. With a mission to connect subcontractors, general contractors, and suppliers, PlanHub provides a centralized digital hub where industry professionals can discover and manage new growth opportunities, collaborate seamlessly, and make data-driven decisions. By integrating high-quality project listings with powerful workflow management tools, PlanHub removes inefficiencies and streamlines communication, ensuring businesses can scale effectively and focus on building America’s infrastructure. PlanHub has over 500,000 construction professionals in its proprietary network nationwide, and in 2025, the Company was named to the Inc. 5000 list of the fastest-growing private companies in America for the fifth consecutive year.

GrowthCurve Capital is a private equity firm focused on investing in data-rich businesses with a proprietary approach that seeks to unlock the power of a company’s data through the integration of AI, digital transformation, and human capital to accelerate growth and create sustainable value.  GrowthCurve will partner with PlanHub to further accelerate its AI-enabled product strategy, including the development of new prescriptive AI features inside the platform, support the launch of new business lines, and expand into new markets.

Ro Bhatia, CEO of PlanHub, said, “PlanHub is where preconstruction happens. We’ve built a connected network of contractors and suppliers and now we’re transforming that network into the industry’s first true end-to-end platform. Under one roof, PlanHub delivers project access, bid management, CRM, estimation, and AI-driven insights embedded in every workflow — so every bid, decision, and interaction becomes smarter and faster.

This industry doesn’t need more complexity — it needs clarity. With GrowthCurve, we’re scaling PlanHub into the AI-powered operating system for preconstruction: smart, connected, and built to help contractors win more work with less friction.”

Read the Case Study: Beyond Bidding: PlanHub’s Product-Led Expansion Strategy

Matthew Popper, Head of Technology and Information Services Investing at GrowthCurve, said, “PlanHub is a leader in the fast-growing construction management software market, with a differentiated, highly data-rich bid network and vertical software platform that helps clients grow their business and manage pre-construction workflows and decisioning at scale. We look forward to partnering with Ro and the rest of the management team to accelerate PlanHub’s growth, including applying GrowthCurve’s functional capabilities in data science and AI-enabled product development to further enhance the platform’s value proposition for general constructors, subcontractors, and suppliers on the network.”

Sim Allan, Principal at GrowthCurve, added, “PlanHub is uniquely positioned to become the leading AI-powered, end-to-end operating system for pre-construction. The Company’s rich data assets and intuitive workflows provide the foundation for accelerating the adoption of analytics and AI, enabling seamless collaboration across general contractors, subcontractors, and suppliers, and assisting them in their most critical business decisions and processes. We are thrilled to partner with PlanHub to continue delivering innovative solutions to the construction industry.”

Vinay Kashyap, Partner at Mainsail, shared, “It has been a true pleasure to partner with Ro Bhatia, the PlanHub founders, and the entire PlanHub team through their evolution from bootstrapped to market leadership. PlanHub is not just simplifying the pre-construction process – they are reimagining how the construction industry connects, collaborates, and builds for the future. We are proud to continue supporting PlanHub in this next phase of growth.”

Houlihan Lokey served as exclusive financial advisor, and Wilson Sonsini Goodrich & Rosati served as legal counsel, to PlanHub. William Blair served as lead financial advisor, Lincoln International served as co-advisor, and Davis Polk & Wardwell served as legal counsel to GrowthCurve.

About PlanHub
PlanHub is an all-in-one cloud platform that helps commercial construction professionals grow their businesses by expanding their network, improving workflows, and making collaboration easier. From discovering new bid opportunities to building winning proposals, PlanHub supports contractors and suppliers throughout the entire preconstruction process. Learn more at www.planhub.com.

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BlueMatrix Expands Global Reach and Product Breadth Through Acquisition of RMS

Thomabravo

DURHAM, N.C.—BlueMatrix, the world’s leading platform for capital markets content authoring and distribution, today announced the acquisition of the RMS Partners business (“RMS”), a global investment research software platform, from FactSet (NYSE: FDS| NASDAQ: FDS). The strategic combination significantly expands BlueMatrix’s international footprint in the EMEA (Europe, Middle East and Africa) and APAC (Asia-Pacific) regions and deepens its product offering in both sell-side and buy-side investment research workflows. The terms of the transaction were not disclosed.

RMS enables its clients to seamlessly aggregate and analyze financial datasets to generate custom models and reports, facilitating sell-side research authoring and buy-side investment decision-making. Its advanced platform architecture supports multi-environment database schemas, allowing users to create tailored modeling workflows and content sets designed for specific regions, sectors or methodologies. By joining forces, BlueMatrix and RMS will materially accelerate their product roadmaps to deliver innovation in the research ecosystem, enhance client-centricity and deliver a more powerful and connected platform to research and investment professionals worldwide.

“We are thrilled to welcome the RMS team and to have the privilege of serving existing customers who trust this platform,” said Patricia Horotan, CEO of BlueMatrix. “By combining our expertise and shared dedication to capital markets software innovation and client success, we will be able to deliver even greater value and deeper insights to the global investment research community.”

As part of the acquisition, BlueMatrix and FactSet have entered into an enhanced commercial agreement whereby FactSet has become the preferred data provider for BlueMatrix.

“This represents a positive, strategic choice for our Dealmakers & Wealth sell-side business unit, which continues to be a driver of FactSet’s growth,” said Kristina Karnovsky, Executive Vice President and Head of Dealmakers & Wealth at FactSet. “This deal allows us to enhance focus, efficiency and growth potential. It supports long-term goals and aligns with our joint commitment to delivering exceptional value to clients.”

“The RMS team is excited and fully committed to a new chapter of growth and innovation with BlueMatrix,” said Achim Fehrenbacher, Vice President and Head of RMS. “Our combined product portfolio will enable us to serve many more departments and divisions within our existing customers, driving increased return on investment through our joint vision for comprehensive authoring and distribution technology across all classes of capital markets content.”

With the backing of Thoma Bravo, a leading software investment firm, BlueMatrix is well-positioned to accelerate RMS’ growth and continue enhancing its best-in-class solutions for the benefit of RMS’ clients, who will continue to enjoy the same great service without interruption and benefit from access to a broader suite of features and capabilities.

About BlueMatrix

BlueMatrix is the global leader in capital markets content publishing technology. Its secure and scalable platform is trusted by over 1,000 financial institutions for content authoring, compliance, and global distribution. BlueMatrix has customers in more than 50 countries and serves internal teams across multi-national corporations from its offices located in Durham (HQ), New York,  London,  Edinburgh,  Auckland, and Timisoara. BlueMatrix facilitates the equitable exchange of critical investment insights by improving the efficiency, collaboration, and security across the complete information lifecycle. The ecosystem is designed to meet users’ bespoke needs, from compliance tracking to interactive publishing, by removing friction from the publication, dissemination, consumption and application of investment research and informal capital markets content. For more information, visit BlueMatrix’s website at www.bluematrix.com

About Thoma Bravo

Thoma Bravo is one of the largest software investors in the world, with approximately $181 billion in assets under management as of June 30, 2025. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging Thoma Bravo’s deep sector expertise and strategic and operational capabilities, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives. Over the past 20 years, the firm has acquired or invested in approximately 555 companies representing approximately $285 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, Dallas, London, Miami, New York and San Francisco. For more information, visit Thoma Bravo’s website at www.thomabravo.com

Read the release on PR Newswire here.

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Arch Raises $52M Series B to Modernize Private Markets Infrastructure

Oak HC FT

Arch, the digital way to track all private market investments, today announced it has raised $52 million in Series B funding. The round was led by Oak HC/FT, with participation from Menlo Ventures, Craft Ventures, Quiet Capital and others. The funding will support Arch’s ongoing expansion and development, with a particular focus on meeting the needs of institutional investors, large private wealth teams and established family offices.

In an era of rapid technological advancement, private markets have emerged as the most dynamic arena in global finance. The global alternatives market is projected to reach $29.2 trillion by 2029, up from $16.8 trillion in 2023. Despite this growth and increasing investor interest, private market infrastructure is plagued by antiquated processes and massive information asymmetry. Investors must navigate hundreds of portals and thousands of emails, with little visibility or automation. In private markets, where illiquidity is inherent, the value of leverage and efficient cash management is even more pronounced. As regulatory pressure and client expectations rise, the need for real-time data, streamlined workflows and robust reporting capabilities has never been more critical.

Arch is the AI-powered operating system purpose-built to eliminate the operational friction of private investing. It automatically collects and structures financial data from documents, including K-1s and statements, from various portals and emails into one secure place. New features like Arch Pay automate capital calls, making nearly every stage of alternative investing more seamless. By simplifying document collection and data extraction, Arch reduces manual administrative tasks and enhances portfolio visibility. For allocators managing complex alts exposure, Arch serves as a single source of truth, giving investors the clarity and confidence to unlock the full value of their alts business.

“Investors in private markets have long been underserved – dealing with fragmented data, clunky workflows and high fees,” said Ryan Eisenman, Co-Founder and CEO of Arch. “With this new capital and the support of our partners, we’re expanding our suite of CIO tools, developing new features within our client portal and enhancing reporting capabilities for LPs. We’re continuing to build the product the industry needs – streamlining analysis, centralizing reporting and eliminating manual back-office work tied to alternative investments.”

Over the last 14 months, Arch has grown from $100 billion to over $250 billion in private market assets on the platform. More than 50% of Arch’s users have referred the platform to another client, reflecting the company’s strong Realized Net Promoter Score (rNPS). Arch’s key differentiator is winning and retaining the most complex clients of the firms it serves, which has fueled its expansion beyond family offices and RIAs to now serve over 450 allocators globally, including more than 100 new clients year-to-date. This growth includes four of the top private banks, seven out of the top 25 accounting firms, and some of the world’s largest private wealth and institutional investment firms. All rely on Arch as their data management platform for all things alternatives.

“In our diligence calls, Arch clearly stood out. We have LPs that use lots of solutions, but Arch clients showed a clear enthusiasm for the product and team that was lacking across any peer solutions. That, paired with their rollout across one of the nation’s biggest banks, their traction in the institutional space, and the hundreds of family offices and RIAs that use the platform gave our team deep conviction in Arch — now and in the future,” said Matt Streisfeld, General Partner at Oak HC/FT.

To learn more about partnering with Arch, or to receive a demonstration of the platform, please email hello@arch.co.

About Arch

Arch is the first Alternatives Management Platform, streamlining the entire lifecycle of alternative investing — from logging into portals and collecting K-1s to automating capital calls and delivering real-time reporting. With Arch, investors gain on-demand reporting, real-time insights and visibility across their private equity, venture capital, hedge funds, real estate and other private investments. Arch supports $250 billion in private assets across 450 leading allocators, including 150 single family offices, 100 RIAs and multi-family offices, four of the top 20 global banks, seven of the top 20 accounting firms, as well as prominent fund administrators, law firms, and institutions.

To learn more or request a demo, visit arch.co/contact. Follow Arch on X (@gotk1s) or LinkedIn or visit us in our New York City headquarters for more information.

About Oak HC/FT

Oak HC/FT is a venture and growth equity firm specializing in investments in fintech and healthcare. Using partnership as a foundation, Oak HC/FT guides companies and founders at every stage, from seed to growth, to create businesses that make a measurable and lasting impact. Founded in 2014, Oak HC/FT has invested in more than 100 portfolio companies and has over $5.3 billion in assets under management. Oak HC/FT is headquartered in Stamford, CT, with an office in San Francisco, CA. Follow Oak HC/FT on LinkedIn and X and learn more at https://www.oakhcft.com/.

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Thoma Bravo Completes Acquisition of Olo

Thomas Bravo

NEW YORK—Thoma Bravo, a leading software investment firm, today announced the completion of its acquisition of Olo Inc. (“Olo” or the “Company”), a leading open SaaS platform for restaurants, in an all-cash transaction valued at approximately $2.0 billion in equity value. The agreement to acquire Olo was approved by Olo stockholders at the Special Meeting of Stockholders held on September 9, 2025.

With the completion of the transaction, Olo stockholders are entitled to receive $10.25 per share in cash for each share of Olo common stock they owned. The Company’s common stock has ceased trading and will be delisted from NYSE.

“Olo has grown from a pioneer in digital ordering into a world-class platform that helps restaurants engage guests and drive profitable growth,” said Noah Glass, Olo’s Founder and CEO. “We are excited to continue our ambitious journey with Thoma Bravo. Together, we will take Olo’s mission further by scaling faster and innovating deeper, while continuing to deliver industry-leading reliability and exceptional experiences for restaurants and their guests.”

“Olo has built a powerful platform and strong relationships with some of the world’s most iconic and admired restaurants brands,” said Hudson Smith, a Partner at Thoma Bravo. “We are excited to support Noah and his team’s vision for the future of Olo and the restaurant technology space. We see enormous potential ahead for them to scale their business, expand their capabilities, and deepen their impact on how restaurants operate and connect with their guests.”

Advisors

Goldman Sachs served as the exclusive financial advisor and Goodwin Procter LLP served as legal counsel to Olo. Morgan Stanley served as the financial advisor and Kirkland & Ellis LLP served as legal counsel to Thoma Bravo.

About Olo

Olo is a leading restaurant technology provider with ordering, payment, and guest engagement solutions that help brands increase orders, streamline operations, and improve the guest experience. Each day, Olo processes millions of orders on its open SaaS platform, gathering the right data from each touchpoint into a single source—so restaurants can better understand and better serve every guest on every channel, every time. Over 750 restaurant brands trust Olo and its network of more than 400 integration partners to innovate on behalf of the restaurant community, accelerating technology’s positive impact and creating a world where every restaurant guest feels like a regular. Learn more at olo.com.

About Thoma Bravo

Thoma Bravo is one of the largest software-focused investors in the world, with over US$181 billion in assets under management as of June 30, 2025. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging Thoma Bravo’s deep sector knowledge and strategic and operational expertise, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives. Over the past 20+ years, the firm has acquired or invested in approximately 555 companies representing approximately US$285 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, Dallas, London, Miami, New York and San Francisco. For more information, visit Thoma Bravo’s website at thomabravo.com.

Read the release on PR Newswire here.

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Abenex completes the sale of Inlog following a successful transformation phase

Abenex

Five years after acquiring Inlog from US-based industrial group Haemonetics, Abenex announces the trade sale of the medical software provider specialised in blood product traceability and laboratory management. This transaction marks the conclusion of a strategic and operational partnership that enabled Inlog to reach a new stage of development, both in France and internationally.

 

A key player in the transmission and medical data protection

Founded in 1992 in Limonest (Rhône), Inlog has since become one of Europe’s leading medical software providers, specialising in solutions for laboratories, hospitals, and blood transfusion centres. Its software suites are used by over 630 public and private clients across 12 countries, including major public player of the blood transfusion and several Red Cross institutions internationally. Inlog also offers best-in-class solutions for quality management and regulatory compliance within laboratories. The Group employs around 80 people worldwide.

 

Accelerated growth driven by a focused strategy

Since Abenex’s investment in 2020, Inlog has undergone an ambitious transformation phase, establishing itself as an independent company following its carve-out from the Haemonetics Group and accelerating its growth trajectory. The management team has been strengthened, a new ERP system implemented, and R&D activities brought in-house to ensure tighter control over innovation. Geographically, Inlog expanded its presence in the DACH region with the opening of a subsidiary in Germany in 2022, to better serve the German, Swiss, and Austrian markets. In parallel, the company completed three strategic acquisitions: Moonchase in Belgium (2023), which enhanced its offering for laboratories with a web-based solution and entering the Benelux region; and Ubilab (2023) and Viskali (2022) in France, which deepened Inlog’s expertise in quality management software. Inlog has achieved significant growth, doubled its sales and solidified its position as a leading provider of critical processes digitalisation services in the healthcare sector.

 

A new chapter to accelerate innovation and international expansion

This change in ownership marks the beginning of a new phase of development for Inlog, with a clear ambition to strengthen its international footprint and drive innovation in response to the evolving digital and regulatory challenges of the healthcare sector. This new chapter builds on the solid foundations established in recent years: sustained growth momentum, a recognised software offering, and a resilient business model. It also extends the company’s societal commitments — Inlog became a purpose-driven company in 2023, with a governance framework aligned with long-term sustainability and positive impact objectives.

 

David Kalfon, CEO and President of Inlog, comments:
“We are extremely proud of the journey we have taken alongside Abenex. Their support has been instrumental in structuring our growth, expanding and modernising our software suite, and entering new markets. We look forward to this next chapter with confidence and enthusiasm, alongside our new shareholder.”

 

Thomas Peretti, Partner at Abenex, adds:
“Inlog is a prime example of our engaged and operational investment approach, working alongside passionate management teams. In just five years, the company has undergone a profound transformation — expanding its geographic footprint, significantly improving its ESG performance, and broadening its software offering, all while maintaining an outstanding level of quality and customer satisfaction. This remarkable trajectory also translated into a strong performance for our Funds. We are proud to have played a role in this success and confident in Inlog’s ability to continue its development.”

 

Deal participants (Sell-side)

Sellers

  • Inlog: David Kalfon and the management team
  • Abenex: Christian Dorléac, Thomas Peretti, Angèle France, Foucault Crombez

Sell-Side Advisors

  • M&A: Lincoln International (Matthieu Rosset, François Rispoli, François-Xavier Moisan, Arthur Legrand, Adrien Senechal, Jérémy Eyer) and Atguen Advisory (Jean-David Sultan)
  • M&A Legal: McDermott Will & Schulte (Grégoire Andrieux, Robin Lamour, Charlotte Michellet)
  • Management Advisory: Duroc Partners (Erwan Bordet, Faustine Paoluzzo)
  • Financial DD: 8Advisory (Gennat Mouline, Frédéric Blache, Xavier Parenty, Alexandre Pommier)
  • Commercial and Strategic DD: EY-Parthenon (Gianluigi Indino, Arnaud Laferte, Divya Claver, Hugo Jennequin)
  • Legal and Social DD: Grant Thornton (Caroline Luche Rocchia, Christine D’Ovidio, Sahra Hagani, Natalia Moya-Fernandez)
  • Tax DD: Arsène Taxand (David Chaumontet, Magali Mazzuco)
  • IT DD: Vaultinum (Philippe Thomas, Juliette Cazenave, Jonathan Berdah)
  • ESG DD: PwC (Jorik Geiger)

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Accel-KKR Completes Acquisition of Health Metrics

AKKR Logo

Accel-KKR announced the successful completion of its acquisition of Health Metrics, a provider of enterprise software solutions for the aged care and disability services sectors in Australia and New Zealand.

Menlo Park, Calif. & Melbourne, Australia – [September 3, 2025] – Accel-KKR, a global technology-focused private equity firm, today announced the successful completion of its acquisition of Health Metrics, a provider of enterprise software solutions for the aged care and disability services sectors in Australia and New Zealand.

Health Metrics is a trusted partner to care providers through its flagship platform, eCase. The company’s software enables organizations to manage clinical, operational, and financial workflows with greater efficiency, compliance, and transparency.

“We are excited to welcome Health Metrics to the Accel-KKR portfolio,” said Maurice Hernandez, Managing Director at Accel-KKR. “Health Metrics plays a vital role in supporting care providers with robust, purpose-built technology. We are excited to back the business and help it innovate in order to accelerate growth and deliver even better outcomes for customers and ultimately, their clients.”

With Accel-KKR’s deep experience in scaling mission-critical software businesses and its commitment to operational excellence, Health Metrics is poised to accelerate product innovation and expand the value that it delivers to its customers.

Paul Brindle, CEO of Health Metrics, added, “Becoming a part of Accel-KKR portfolio is a strategic step forward for our company. Their track record in growing software businesses and their focus on delivering customer value aligns with our mission to help clients deliver sustainable aged and disability care at the highest standard.”

Financial terms of the transaction were not disclosed.

About Health Metrics
Health Metrics is a leading provider of enterprise software for aged care and disability service providers. Its flagship platform, eCase, helps organizations streamline operations, ensure compliance, and deliver high-quality care through integrated digital solutions.

About Accel-KKR

Accel-KKR is a technology-focused investment firm with over $23 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for topline 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 portfolio 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, London, and Mexico City.

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Sphera Announces Significant Growth Investment From Neuberger Berman Capital Solutions

Blackstone

CHICAGO, IL and NEW YORK, NY – September 3, 2025 – Sphera, a leading provider of integrated operational risk management software and data (the “Company”), today announced that Neuberger Berman Capital Solutions (“NBCS”), on behalf of client funds, has agreed to make a significant growth investment in the Company. NBCS will join existing investor, private equity funds managed by Blackstone (“Blackstone”) – which will retain a majority stake in the Company – in supporting Sphera’s next phase of growth.

Through SaaS software and proprietary data, Sphera works with organizations around the world to help them surface, manage, and mitigate operational risks related to the environment, health, safety, and sustainability, including through the supply chain. The company serves more than 8,500 customers and one million users in 100 countries to help companies keep their people safe, their products sustainable, and their operations productive.

“We’re delighted to welcome Neuberger Berman Capital Solutions as a strategic partner alongside Blackstone,” said Sphera’s founding CEO and President Paul Marushka. “The additional support is a strong endorsement of our vision, our team and the value we’re delivering to our customers every day in helping them manage sustainability and operational risks. With this investment, we’ll accelerate innovation, expand our global reach and continue empowering organizations to navigate complexity and drive sustainable performance.”

“Sphera has long stood out as a differentiated, industry leading company providing critical operational risk software and solutions with demand that is supported by long-term trends, and driven by an exceptional management team that is executing with discipline and consistency,” said David Lyon, Head of Neuberger Berman Capital Solutions. “We are thrilled to make this investment and look forward to partnering with the management team and Blackstone as Sphera continues to provide a value-additive solution to its existing and future customer base,” added Nikhil Krishnan, Managing Director, Neuberger Berman.

“Sphera has achieved impressive growth and product innovation during our investment, cementing its industry leading position,” said Eli Nagler, Senior Managing Director, and Kelly Wannop, Managing Director, at Blackstone. “We are very pleased to continue our partnership, together with the management team and Neuberger Berman, in support of the Company’s continued expansion and development of innovative solutions for its customers moving forward.”

Terms of the investment were not disclosed. Evercore and William Blair served as financial advisors, and Simpson Thacher served as legal advisor to Blackstone and Sphera. Harris Williams served as financial advisor, and Latham & Watkins served as legal advisor to Neuberger Berman Capital Solutions.

About Sphera
Sphera is a leader in sustainability and operational risk management software, data and consulting services for the world’s most successful companies. Our solutions cover Environment, Health, Safety & Sustainability (EHS&S), Process Safety, Product Stewardship and Supply Chain Transparency. For more than 30 years, we have served over 8,500 customers and over a million users in 100 countries to help companies keep their people safe, their products sustainable and their operations productive.  Learn more about Sphera at www.sphera.com.

About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

About Neuberger Berman Capital Solutions
NB Capital Solutions provides bespoke capital solutions to private equity-owned companies, enabling sponsors and management teams to achieve long-term strategic objectives. NB Capital Solutions manages ~$10 billion in AUM and has made investments in over 100 companies across client funds. NB Capital Solutions led this investment alongside additional funds managed by Neuberger Berman Private Markets. Neuberger Private Markets is a division of Neuberger Berman and has been an active and successful private markets investor since 1987. Neuberger Private Markets invests across strategies, asset classes, and geographies for a large number of sophisticated and renowned institutions and individuals globally. As of June 30, 2025, Neuberger Private Markets manages over $140 billion of investor commitments across primaries, co-investments, secondaries, private credit, and specialty strategies. Neuberger Private Markets has an experienced and diverse team of over 450 professionals with a global presence across the United States, Europe, and Asia. For more information, please visit www.nbcapitalsolutions.com

Media Contact:

For Sphera:
 
Press@sphera.com

For Neuberger Berman:

Fiona Kehily
Fiona.kehily@nb.com

For Blackstone:

Jennifer Heath
Jennifer.Heath@blackstone.com

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Ardian arranges financing for Carlyle Tech’s investment in leading software provider Ingentis

Ardian

Ardian, a world-leading private investment firm, has arranged a unitranche financing for Carlyle Tech (Carlyle Europe Technology Partners) to support its acquisition of Ingentis. Headquartered in Nuremberg, Germany, Ingentis is a leading software provider enabling organisations to visualise, design, analyse, and plan current and future workforce and organisational structures.

Existing investor Maguar Capital Partners is selling its stake in Ingentis to Carlyle Tech, with equity for Carlyle’s investment provided by CETP V. As part of the transaction, members of the existing Ingentis management team are substantially reinvesting, forming part of the shareholder structure.

Founded in 1997, Ingentis is an innovative software provider whose platform allows organisations to boost efficiency and performance through data analytics, serving 2,000 customers and hundreds of blue-chip enterprises worldwide, including many Fortune 500 and DAX-listed companies. The company’s solutions allow clients to better visualise their internal structures and empower them to enact strategic improvements. Its flagship platform, Org.Manager, integrates with over 60 HCM systems, aiding its growing popularity across multiple countries.

The financing provided by Ardian is structured to support future growth initiatives, as well as strategic M&A opportunities, allowing Ingentis to follow its ambition of becoming a global category champion in the fast-growing organisational charting, design and analytics market.

This transaction is emblematic of the Private Credit team’s history of collaboration with Carlyle Tech and track record of jointly supporting businesses in the enterprise software space, such as SER, GBTEC and now Ingentis. Ardian also has a long-standing presence and experienced investment team in the DACH region.

“We are excited to partner once again with software specialist Carlyle Tech. Ingentis represents an exciting investment opportunity in a high-growth market. It has a very strong financial profile, and its innovative product suite has a truly global appeal. This transaction serves as a strong testimony of our track record supporting fast-growing mid-market companies in the DACH region and our deep sector understanding.” Lukas Stepanek, Head of Private Credit DACH & Managing Director, Ardian

ABOUT ARDIAN

Ardian is a world-leading private investment firm, managing or advising $180bn of assets on behalf of more than 1,850 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 19 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

ardian.com

Media Contacts

ARDIAN

HEADLAND

ardian@headlandconsultancy.com

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