3i Group (3i) is to invest in xSuite, an accounts payable process automation specialist focused on the SAP ecosystem.
3i will invest alongside the previous owners, funds advised by Pinova Capital (Pinova) and the management team, who are reinvesting in the business as minority shareholders.
Headquartered in Ahrensburg/Hamburg, Germany, xSuite specialises in software applications for Accounts Payable Invoice Automation (APIA), which enable customers to digitalise, streamline and automate invoice processing, helping them to reduce costs, drive efficiencies, and improve quality.
