LONDON & BOSTON–(BUSINESS WIRE)–Feb 2, 2021–
PSG, a number one development fairness agency partnering with decrease middle-market software program and technology-enabled service corporations, right now introduced that it closed PSG Europe, the agency’s debut Europe-focused fund, with €1.25 billion in restricted third-party accomplice commitments.
The fund, which was oversubscribed, obtained commitments from present and new PSG traders, together with state pension funds, sovereign wealth funds, household workplaces and excessive internet price people. The ultimate shut of PSG Europe brings PSG’s mixture capital commitments throughout the U.S. and Europe to greater than $5 billion.
The London-based PSG Europe group consists of twenty-two funding professionals advising on fund investments in European growth-stage and decrease middle-market software program and B2B companies corporations. PSG’s European funding technique mirrors the agency’s purchase and construct technique within the U.S., which has a observe document of partnering with administration groups to scale companies by way of natural and inorganic development.
“The ultimate shut of PSG Europe represents a major milestone for PSG and firmly establishes our agency as one in all Europe’s main development fairness traders,” stated Mark Hastings, Chief Govt Officer of PSG. “We’ve rigorously constructed an distinctive funding group with deep trade experience to capitalise on the chance we see throughout Europe.”
Peter Wilde, Chairman of PSG, added, “We’re thrilled that our inaugural European fund has been met with such robust demand from a high-calibre and diversified group of restricted companions. We’re grateful for the help the fund has obtained from each new and returning traders, as it’s a testomony to the energy of the PSG platform and our funding method.”
Dany Rammal, Managing Director and Head of the PSG Europe group, stated, “The extremely fragmented European market presents a major alternative for a agency like ours. The energy of our deal sourcing and operational capabilities imply we’re nicely positioned to accomplice with founders and entrepreneurs to assist them develop their companies into main pan-European software program champions.”
So far, PSG Europe has made seven platform investments in Europe with the acquisitions of Hornetsecurity, Imaweb, MAPAL Group, Nomentia, Signaturit Options, SKEEPERS and Sympa, in addition to 12 closed add-on acquisitions. Right this moment, PSG’s European portfolio consists of corporations with operations throughout 14 international locations, enabling the acceleration of digital software program answer adoption throughout massive sectors of the financial system.
PSG is a development fairness agency that companions with decrease middle-market software program and technology-enabled companies corporations to assist them navigate transformational development, capitalize on strategic alternatives and construct robust groups. Having backed greater than 65 corporations and facilitated over 275 add-on acquisitions, PSG brings intensive funding expertise, deep experience in software program and expertise, and a agency dedication to collaborating with administration groups. Based in 2014, PSG’s group operates out of workplaces in Boston, Kansas Metropolis and London. To study extra about PSG, go to www.psgequity.com.
Prosek Companions (on behalf of PSG)
KEYWORD: MASSACHUSETTS EUROPE UNITED STATES UNITED KINGDOM NORTH AMERICA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES MARKETING COMMUNICATIONS TECHNOLOGY SOFTWARE FINANCE BANKING
Copyright Enterprise Wire 2021.
PUB: 02/02/2021 04:00 AM/DISC: 02/02/2021 04:01 AM
Copyright Enterprise Wire 2021.
