KBC Private Equity, a subsidiary of Belgium’s KBC banking group, has chosen the FrontVenture software solution from eFront to manage its private equity business.
KBC Private Equity, a subsidiary of Belgium’s KBC banking group, has chosen the FrontVenture software solution from eFront to manage its private equity business.
KBC Private Equity’s activities include leveraged buyouts and growth financing for non-quoted companies, making direct investments ranging from EUR2m to EUR50m in minority or majority stakes.
To carry out management and monitoring of its investments, KBC Private Equity has chosen FrontVenture, a professional software solution specifically designed for the private equity sector and used by some 100 customers in 20 countries.
According to eFront, over the past few months it has worked with KBC to examine the scope of FrontVenture. ‘It addresses every aspect of the business KBC Private Equity, deals with: deal flow tracking, portfolio monitoring, fund and investor management solution for VCs and private equity direct investments,’ the software firm says.
KBC says FrontVenture is a highly customisable solution that can be adapted to the specific needs of its private equity business, and the fast and easy implementation of the software into its existing structure was a major reason for its choice. The web solution provided by eFront allows modular implementation of tools with minimal disruption of daily workflow or business plans.
‘I am sure that our teams will implement the new platform successfully and that we will cooperate with eFront in the same flexible and pleasant way as during the discovery phase,’ says KBC Private Equity controller Hugo Wellens.
Paris-based eFront, which also has offices in London and Jersey and has been listed on Euronext Paris since December last year, provides business software solutions to the financial industry with particular expertise in the areas of private equity, customer relationship management, and risk management. The firm has some 120 customers in more than 20 countries, including members of the private equity, banking and insurance industries.
