Clayton, Dubilier & Rice, is to acquire Epicor Software Corporation, a global provider of industry-specific enterprise software to industrial-focused sectors, from global investment firm KKR.
Technology & software solutions
London private equity firm ADM Capital Europe's Cibus Enterprise Fund has acquired a 11.7 per cent stake in the Norwegian agricultural robotics company, Saga Robotics.
Palo Alto-based Social Capital, a tech holding company founded by Chamath Palihapitiya that supports innovative companies in healthcare, artificial intelligence, climate change and space has acquired Hustle, a peer-to-peer text messaging platform.
Thomson Reuters has acquired CaseLines, a cloud-based court document and evidence management platform, in order to digitally transform legal processes.
AlbionVC managed UCL Technology Fund, in collaboration with UCL Business, has held the first close of Fund 2, with a GBP100 million target.
PROfounders Capital and Calm/Storm Ventures have invested GBP1 million into sex therapy app Blueheart.
Humanloop, a UCL spinout, has attracted investment from UCL’s Technology Fund (UCLTF). Based on the world-leading research of two notable academics at UCL’s AI Centre Humanloop is teaching AI to improve performance with 10 times less human training than existing systems.
The Untitled Ventures, a seed and pre-seed stage VC investor that focuses on breakthrough technologies from Eastern Europe, is raising a new fund which will invest in early growth stage tech companies in the CEE region.
The increasing need for transparency and efficiency across the private equity industry has led to higher investments into modern IT platforms on a large scale within manager firms. This development will help GPs reach their goals of generating better quality data, responding to investor requests and keeping up to date with regulatory norms.
Private equity managers are being driven along the curve of technology adoption by greater institutional investor interest in the asset class. Managers are having to re-fashion their approach to data to ensure they can meet their clients’ demands with ease and simplicity in a scalable manner.