Baird Capital invests in Aura Futures
Baird Capital has invested in Aura Futures, a UK-based provider of workspace technology to mid to large-size enterprises.
Baird Capital -– the private investment arm of Robert W Baird & Co – partners Andrew Ferguson and director Michael Holgate will both join Aura’s board of directors.
The Aura team is led by Alpesh Unalkat, CEO, who most recently ran Capita’s workplace tech business.
Operating across six offices globally, and servicing 300 clients in over 60 countries, Aura is a technology provider specialising in workspace design, collaboration solutions, workflow and management print services, digital media and transformation management.
Baird Capital has made venture capital, growth equity and private equity investments in more than 300 companies to date in the US, Europe and Asia. Baird’s portfolio includes bfinance, Capital Consulting and Armor Group.
“Alpesh and his team have a track record of delivering innovative solutions in a market that increasingly demands a value-added approach,” said Andrew Ferguson, Baird Capital partner. He added that Baird will be adding further companies to Aura “in the near future.”
Aura brings together two independent businesses simultaneously, Karlson and Intevi, which together form the core platform of the group. Karlson, headquartered in London, provides managed print, workflow and document management solutions to mid to large-scale enterprises.
Headquartered in Hampshire, Intevi delivers digital signage, AV and a range of workspace technologies to enterprise clients across more than 60 countries around the world.
“In Baird Capital we found an investment partner who really bought into our vision for Aura, to build the leading provider of technologies for future workspaces," said Alpesh Unalkat.
"They quickly understood the opportunity and have been very supportive of us in the acquisitions of Karlson and Intevi. We look forward to continuing to work with Andrew, Michael and the team as we build Aura,” he added.
Alongside Unalkat and his team, the management teams from Karlson and Intevi are remaining with the business and will join the Aura operating board.